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NATIONAL CROP INSURANCE SERVICES
7201 West 129th Street, Suite 200
Overland Park, KS 66213
FOR IMMEDIATE RELEASE February 24, 2004
NEW MEXICO 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 New Mexico producers of ten major crops to sign up for federally subsidized crop insurance, or to make any changes to existing policies.
The Spring planted New Mexico crops which share this deadline are: cotton, extra long staple cotton, sugar beets, corn, canning beans, beans, hybrid seed sorghum, grain sorghum, peanuts, and potatoes.
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), and 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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