Wednesday, 7 September 2011

Fall Federal Crop Insurance Sales Closing Dates Near



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Fall Federal Crop Insurance Sales Closing Dates Near

 

SPOKANE, WASHINGTON, September 6, 2011 – USDA’s Risk Management Agency (RMA) continues to see increased participation in the Multi-Peril Crop Insurance (MPCI) program for Idaho, Oregon and Washington crops. Last year’s rollout of the Common Crop Insurance Policy regulations (COMBO), fundamentally revising and creating one insurance plan out of four similar plans of insurance, was a success.

 

“The COMBO rule transformed the Actual Production History, Crop Revenue Coverage, Revenue Assurance and Income Protection Plans into a single insurance policy for the 2011 crop year and greatly simplified the insurance process for producers. The producer response has been nothing but positive. Consider wheat, there was an additional 109,641 wheat acres insured with yield and revenue coverage in 2011 in the region.” said RMA’s Spokane Regional Office Director Dave Paul.

 

The following wheat insurance numbers demonstrate the continued growth of the program:

 

State

2010

Acres Insured

2011

Acres Insured

2010

Dollar

Coverage

2011

Dollar

Coverage

Idaho

1,039,060

1,069,237

$283,721,993

$425,195,937

Oregon

716,826

762,408

$165,813,977

$241,922,318

Washington

2,016,870

2,000,752

$510,886,855

$690,866,789

Totals

3,722,756

3,832,397

$960,422,825

$1,358,985,044

 

“While producers are winding-down their current wheat harvest, we want to remind Pacific Northwest farmers of the sales closing deadline for their 2012 fall crops are just a few short weeks away,” Paul added. 

 

  • ·         Mint with Winter Coverage – September 30, 2011
  • ·         Forage Production - September 30, 2011 (Klamath and Malheur counties, Oregon)
  • ·         Forage (Alfalfa) Seed Pilot – September 30, 2011 (all Idaho, Oregon, Washington counties)
  • ·         Fall Planted Barley with Winter Coverage – September 30, 2011 (in selected counties)
  • ·         Fall Planted Dry Peas/Lentils with Winter Coverage – September 30, 2011 (in selected counties)
  • ·         Wheat – September 30, 2011
  • ·         Apiculture (Honey) - September 30, 2011
  • ·         Pasture Rangeland Forage - September 30, 2011

 

Current policyholders and uninsured growers must make all of their decisions on crop insurance coverage, especially which crops to insure and which level and type of coverage to obtain, prior to the sales closing date. If MPCI Coverage for a Crop, Type or Practices is not generally available in a county, producers may request insurance coverage by completing and submitting a Request for Actuarial Change form through a crop insurance agent. This option is available to producers in all counties nationwide as long as MPCI for the crop, type or practice is generally available in another county.

 

RMA reminds producers of the important link between Federal crop insurance and Farm Service Agency (FSA) disaster programs. For non-insurable crops, a producer may buy coverage under the Noninsured Crop Disaster Assistance Program by the closing date. For further information about timetables, please contact the local FSA County Office.

 

Producers are encouraged to visit their crop insurance agent soon to learn specific details for the 2012 crop year. Federal crop insurance program policies are sold and delivered solely through private crop insurance companies and agents. A list of crop insurance agents is available at all USDA Service Centers throughout the United States or on the RMA Web site at http://www3.rma.usda.gov/tools/agents.

 

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