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NATIONAL CROP INSURANCE SERVICES
7201 West 129th Street, Suite 200
Overland Park, KS 66213
FOR IMMEDIATE RELEASE February 23, 2004
NORTH CAROLINA ONLY
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
North Carolina producers of nine major Spring planted crops have until February 28 to sign up for federally subsidized crop insurance. Fresh market beans and burley tobacco have a March 15 deadline. These dates are also the deadlines for making any changes to existing policies.
The nine crops that share the 2/28 deadline are: cotton, corn, grain sorghum, cabbage, peanuts, soybeans, sweet potatoes, cucumbers, and flue cured tobacco.
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 North Carolina are insurable under the traditional Multiple Peril Crop Insurance (MPCI), there are other choices to evaluate. Cotton, corn, grain sorghum, and soybeans are insurable under Crop Revenue Coverage (CRC). Corn and soybeans are insurable under Revenue Assurance (RA). Group Risk Plan (GRP) is available for corn, peanuts, and soybeans. Additionally, corn and soybeans are insurable under Indexed Income Protection (IIP).
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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