Presentation on theme: "“It’s a program that can help a producer survive a disaster and return to profitability!”"— Presentation transcript:
“It’s a program that can help a producer survive a disaster and return to profitability!”
PA Helps Producers Commonwealth of Pennsylvania has provided Producers about $ 13,000,000 Crop Insurance Premium Assistance since 2000, to make better coverages more affordable!
Effect of Yield Loss on Corn Farm
Adjusted Gross Revenue -Lite (AGR-Lite) Individualized whole-farm income protection against loss of gross revenue from natural & many unavoidable causes of loss and market fluctuations. Example: * 5 year avg. revenue = $122,899 * 75% coverage level = $92,147 loss trigger * Revenue produced = $21,000 * Revenue loss = $71,147 * 90% payment = $64,032 loss payment
AGR-Lite Improvements Fits larger farms (up to $2 mil. gross income) Broader list of insured causes of loss More producers are eligible for higher amounts of protection March 15 enrollment deadline for new applications (renewals deadline Usually cost less than other insurance plans
PA Producers Benefit From Higher Coverages.
Producer’s Report that Crop Ins. Provides a Good Financial Foundation Can Improve Crop Marketing Can Provide Safety-Net at Targeted Cash- Flow Level Can Provide Increased Credit Worthiness Can Provide Peace Of Mind Can Improve Grand-Kids Inheritance Plan for Success – Insure Against Disasters!
Information made available by the PDA, PSU and RMA\USDA educational partners.