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NATIONAL CROP INSURANCE SERVICES
7201 West 129th Street, Suite 200
Overland Park, KS 66213
FOR IMMEDIATE RELEASE February 23, 2004
SOUTH 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 deadline near
South Carolina producers of eight 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 eight crops that share the 2/28 deadline are: cotton, corn, peanuts, grain sorghum, 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 South Carolina are insurable under the traditional Multiple Peril Crop Insurance (MPCI), there are other choices to evaluate. Cotton, corn, soybeans, and grain sorghum are insurable under Crop Revenue Coverage (CRC). Group Risk Plan (GRP) is available for soybeans.
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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