FOR IMMEDIATE RELEASE
February 24, 2004
KENTUCKY 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 Illinois producers of ten
major crops to sign up for federally subsidized crop insurance, or to make any
changes to existing policies.
The Spring planted Illinois crops which shhare this
deadline are: corn,oats, grain sorghum, hybrid seed corn, soybeans, popping
corn, sweet corn, green peas, cabbage, and canning beans.
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), Group Risk Plan (GRP), Income Protection (IP), Revenue
Assurance (RA), or Group Risk Income Protection (GRIP).
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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