By Garden State Crop Insurance Education Initiative
Raleigh, North Carolina, March 25, 2013— USDA’s Risk Management Agency (RMA) announces New Jersey nursery producers should be aware that the final date for a new applicant to apply for 2014 nursery crop insurance is May 1, 2013. New applications for crop year 2014 may be accepted until May 1, 2013, with coverage beginning 30 days after receipt of your signed application, a Plant Inventory Value Report (PIVR) for each insured practice, as applicable, and two copies of your most recent wholesale catalogs or price lists. Premium will be prorated when PIVRs and/or catalogs or price lists are submitted with applications after the sales closing date. For existing policies, coverage will automatically attach on June 1, 2013.
The crop insurance year runs from June 1 through May 31. Growers may elect to insure field-grown and container grown practices under separate policies; for example, one practice may be insured under the CAT policy and the other practice may be insured under a Buy-up policy. Crop insurance provides protection for field-grown and containerized nursery plants against losses due to adverse weather conditions, plus losses due to fire and wildlife. Insurance premium subsidies have been significantly increased in recent years, particularly at the higher levels of coverage.
Producers are strongly urged to contact a local crop insurance agent as soon as possible for a premium quote and additional details. For a list of crop insurance agents in your area, contact the local USDA, Farm Service Agency office or logon to the following Risk Management Agency web site: http://www3.rma.usda.gov/tools/agents/
Source: NJ Crop Insurance Education
