Agricultural News
USDA Reminds Producers 2013 Perennial Crops Must Be Insured Before November 30th
Fri, 16 Nov 2012 13:15:26 CST
Francie Tolle, executive director of the Oklahoma Farm Service Agency (FSA), reminds producers they have until November 30, 2012 to sign up for 2013 Non-insured Assistance Program (NAP) coverage for perennial crops.
This deadline applies to perennial crops such as pecans, native and improved grasses intended for hay, plums, asparagus, and honey, which are not covered under Federal crop insurance.
NAP provides financial assistance to producers of noninsurable crops when low yields, loss of inventory or prevented planting occur due to natural disasters.
"Purchasing a crop insurance policy is an easy way for producers to practice risk management," said Tolle. "This year alone we have seen how natural disasters can directly affect the profitability and recovery of agricultural operations."
In order to meet eligibility requirements for NAP, crops must be a noninsurable, commercially-produced agricultural commodity crops for which the catastrophic risk protection level of crop insurance is not available. If the Risk Management Agency (RMA) offers coverage for a crop in the county, then NAP coverage is not available for that crop.
In the event of a natural disaster, NAP covers the amount of loss greater than 50 percent of the expected production based on the approved yield and reported acreage.
Eligible producers can apply for coverage using form CCC-471, Application for Coverage. Producers must file the application and pay the service fee by the Nov. 30th deadline. The service fee is the lesser of $250 per crop or $750 per producer per administrative county, not to exceed a total of $1,875 for a producer with farming interests in multiple counties.
For more information on sales closing dates and NAP contact your local FSA office or visit them online at .
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