New Insurance Product Available For Potato Growers
This new product that is currently in a pilot program is available only through Rabobank AgriFinance Insurance. Senior Insurance Manager Jared Brown shares more details.
Brown: “Harvest Max for potatoes — what it is going to do for growers and the reason that a potato grower specifically should take a look at it. Is because it is going to offer that shallow loss. So if you have a 400 yield and you are at 95 percent coverage or 90 percent coverage. You’re going to experience losses it going to trigger a loss sooner. So you are covering that shallow loss - you don’t have to lose 30 percent of your production before it starts triggering. It is extremely cost effective compared to Federal Crop Insurance.”
Brown says the pilot program of this unique product is available in only a small number of states.
Brown: “Deadline is going to be the end of March for the season. so you will get a little more time than what the Federal Crop Insurance gives to make those decisions. The pilot will be available in Colorado—select counties in Colorado — in Nebraska, in Washington, California, Oregon and Idaho.”
For more information, go to raboag.com