A canola crop insurance deadline next week
Farm and Ranch August 25, 2009 Next Monday, August 31st, is the final date to obtain 2010 fall planted canola and rapeseed Multi-Peril Crop Insurance in the Pacific Northwest for counties with fall and spring types. Jo Lynne Seufer with the regional office of USDA’s Risk Management Agency says a new policy coming in the spring may affect what canola producers decide to do this fall about crop insurance. Seufer: “With that sales closing date being August 31 it may be a good time to work with your crop insurance agent closely because possibly next spring for our March 15th closing date we will have available what we call a revenue assurance plan for our canola and rapeseed producers. And those producers who have a current Multi-Peril Crop Insurance, an APH-actual production history policy, may want to consider canceling that policy and then obtaining the revenue assurance plan in the spring. And again that revenue assurance is gaining a lot of popularity because it not only protects the yield side of a risk but also the revenue side of the risk. The volatility in our markets.” Next month, September 30th, is the sales closing date for 2010 winter and spring wheat coverage in the Pacific Northwest. I’m Bob Hoff and that’s the Northwest Farm and Ranch Report on the Northwest Ag Information Network.
