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NATIONAL CROP INSURANCE SERVICES
7201 West 129th Street, Suite 200
Overland Park, KS 66213
FOR IMMEDIATE RELEASE IN ARKANSAS ONLY February 23, 2004
For more information contact Jan Eliassen at 410-778-0120.
Data in this release was provided by the Risk Management Agency.
Crop insurance deadlines near
Arkansas producers of six major Spring planted crops have until February 28 to sign up for federally subsidized crop insurance. Fresh market tomatoes have a March 15 deadline. These dates are also the deadlines for making any changes to existing policies.
The six crops that share the 2/28 deadline are: rice, cotton, corn, grain sorghum, soybeans, and peanuts.
Producers must not only decide what percentage of their expected yield to insure and at what price level, but also, in many cases, what type of insurance policy they want to use for their coverage.
While all crops in Arkansas are insurable under the traditional Multiple Peril Crop Insurance (MPCI, there are other choices to evaluate. Rice, cotton, corn, soybeans, and grain sorghum are insurable under Crop Revenue Coverage (CRC). Rice, cotton, corn, and soybeans are insurable under Revenue Assurance (RA). Additionally, soybeans are insurable under Group Risk Plan (GRP) and Income Protection (IP).
Each county has its own mix of insurable crops and policy choices. Producers should contact their private crop insurance agent before the deadlines to learn what the choices are where they farm.
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