Deadline Approaching for Spring Crop Insurance Sign Up

The deadline to insure spring crops in the northeast for the 2015 crop year is March 16, 2015. Insurable spring crops include field and vegetable crops such as corn, soybeans, barley, oats, fresh market sweet corn, cabbage, processing beans, processing sweet corn, dry beans, green peas, fresh market beans, tomatoes, tobacco and potatoes. The deadline to sign up for onion coverage is February 2, 2015. Coverage availability varies by county.

The crop insurance program has become the backbone of many northeast farms’ risk management plans. Weather fluctuation and market volatility are major risks for crop producers. Crop insurance helps to manage this risk by providing protection against damage caused by weather, disease, insects or wildlife. Protection is also available if weather prevents the planting of crops or causes the need to replant crops. In addition, some crops can be protected against changing market prices.

The 2014 Farm Bill puts crop insurance center stage for our nation’s farm safety net. The bill introduced a new Whole-Farm Revenue Protection program and added benefits for young and beginning farmers utilizing crop insurance. Additionally, compliance with conservation requirements will be necessary in order to receive a federal subsidy on crop insurance premium beginning in the 2016 crop year.

To protect investments in the 2015 crop, spring crop producers should contact their Crop Growers agent well in advance of the March 16 deadline to sign up or make changes to their coverage. Additionally, producers who are renewing coverage should report any changes in their business to their crop insurance agent, such as bringing a new member into the business entity or forming a LLC or corporation.