FRIDAY, JANUARY 23, 2004 - FOR IMMEDIATE RELEASE
Twelve northeastern states
For more information contact Jan Eliassen at 410-787-0120.
The information contained in this release was provided by USDA’s Risk
Management Agency.
Last minute premium subsidy announced for AGR and AGR-Lite
USDA’s Risk Management Agency announced Friday, that they will extend an
additional subsidy of 50 percent of the producer paid premiums, in twelve
northeastern states, for two whole-farm insurance policies.
This comes just days before the February 2 deadline to sign up for Adjusted
Gross Revenue (AGR) or AGR-Lite. That is also the deadline for making any
changes to already existing policies, which many farmers may choose to do
given the size of the just announced subsidy increase.
No additional application is necessary to qualify for the cost-share program.
The program does not cover any part of the administrative fee.
The twelve states affected by the announcement are: Connecticut, Delaware,
Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York,
Pennsylvania, Rhode Island, Vermont, and West Virginia.
Five million dollars have been allocated for this program. A standard footnote
to the announcement says that should that amount not be enough, the five
million will be prorated among all the policy holders.
The usual deadline for AGR and AGR-Lite is January 31. But because that date
falls on a Saturday, the deadline is February 2.
###
