Crop
Insurance Deadline Nears in Illinois, Indiana, Michigan, and Ohio
Farmers with Insurable Spring-Planted
Crops Need to Make Insurance Decisions Soon
Send a link to a friend
[March 11, 2015]
SPRINGFIELD - The USDA’s Risk
Management Agency (RMA) reminds producers in Illinois, Indiana,
Michigan and Ohio that the final date to purchase or modify crop
insurance coverage on most insurable spring-planted crops is March
15.
|
Crop insurance protects producers from natural disasters which
affect crop yields and revenues. Producers have a number of
coverage choices, including yield coverage, revenue protection
and area risk policies.
“Farmers have several new insurance options to consider for the
2015 crop year, as well as improvements to the farm safety net
for beginning farmers and those with diversified operations,”
said Brian Friedan, RMA Springfield Regional Office director.
Many of the new options are provisions of the 2014 Farm Bill
that RMA was able to implement in time for spring crops this
year.
The Supplemental Coverage Option (SCO) is available this spring
for corn, grain sorghum and soybeans. SCO is a county-level
policy endorsement that covers a portion of the producer’s
deductible of their underlying crop insurance policy.
![](http://archives.lincolndailynews.com/2015/Feb/21/images/ads/current/class_rent_bch.png)
Whole-Farm Revenue Protection insurance expands options for
livestock, specialty crop, organic and diversified crop
producers. Whole-farm insurance allows the crops and livestock
to be insured under a single policy and provides premium
discounts for crop diversification. It protections against low
revenue due to unavoidable natural disasters and market
fluctuations that affect income during the insurance year.
The Actual Production History (APH) Yield Exclusion provides
relief to producers affected by severe weather, including
drought. A producer may exclude his yield in years the county
average yield is at least 50 percent below the 10 previous
consecutive crop year average yields.
[to top of second column] |
There are also new benefits for beginning farmers for the 2015 crop
year. These benefits help farmers just starting out establish
production history and reduce the cost of insurance.
Producers are strongly urged to contact a crop insurance agent as
soon as possible for premium quotes and more details. Crop insurance
is sold and delivered solely through private crop insurance agents.
A list of crop insurance agents is available at all USDA Service
Centers and online at at the RMA Agent Locator. Producers can use
the RMA Cost Estimator to get a premium amount estimate of their
insurance needs online.
[Risk Management Agency, Springfield
Regional Office]
![](http://archives.lincolndailynews.com/2015/Feb/21/images/ads/current/brickey_lda_061314.png) |