FOR IMMEDIATE RELEASE IN ARIZONA 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 deadline near
Arizona producers of four major Spring planted crops
have until February 28 to sign up for federally subsidized crop insurance. That
is also the deadline for making any changes to existing policies.
The four crops that share the 2/28 deadline are: cotton,
extra long staple cotton, corn, and grain sorghum.
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 Arizona are insurable under the
traditional Multiple Peril Crop Insurance (MPCI), there are other choices to
evaluate. Cotton and corn are insurable under Crop Revenue Coverage (CRC) and
cotton is insurable under Revenue Assurance (RA).
Each county has its own mix of insurable crops and
policy choices. Producers should contact their private crop insurance agent
before the deadline to learn what the choices are where they farm.
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