Pa. Dept. of Agriculture Reports Additional Crop Insurance Assistance Available

March 10, 2005

Pennsylvania Agriculture Secretary Dennis Wolff announced that agriculture producers and nurseries may be eligible for additional financial assistance to purchase crop insurance through the United States Department of Agriculture (USDA).

“USDA recently announced an additional $5 million in funding for nurseries and ag producers in selected states, including Pennsylvania,” said Wolff. “Crop insurance is an extremely important tool for risk management in the agricultural community. As we approach the March 15 deadline for enrolling spring crops or making policy changes, I encourage you to consider if crop insurance is an option for your operation.”

No additional application is required and funding will be automatically
applied to all policies meeting the criteria.

Crop insurance has reportedly made a difference for Pennsylvania producers. In the last five years, $127 million in crop insurance loss payments have been paid to producers, compared to just $31 million in paid premiums. This equals $4 in benefits for each dollar invested.

Producers can receive up to a 25% discount on crop insurance through the combined efforts of the state Department of Agriculture and the USDA.

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