FOR IMMEDIATE RELEASE
February 24, 2004
COLORADO ONLY
For more information contact Jan Eliassen at
410-778-0120. Data in this release came from USDA’s Risk Management Agency.
Spring crop
insurance deadline
March 15 is the deadline for Colorado producers of
thirteen major crops to sign up for federally subsidized crop insurance, or to
make any changes to existing policies.
The Spring planted Colorado crops which share this
deadline are: wheat, oats, millet, sugar beets, corn, popping corn, fresh sweet
corn, beans, grain sorghum, sunflowers, soybeans, potatoes, and barley.
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 are insurable under the traditional
Multiple Peril Crop Insurance (MPCI), some crops are also insurable under Crop
Revenue Coverage (CRC), or Revenue Assurance (RA).
Each county has its own mix of insurable crops and
policy choices. Producers should contact their private crop insurance agent
before March 15 to learn what the choices are where they farm.
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