CROP INSURANCE FOR DIVERSIFIED AGRICULTURE - SIGN UP BY JANUARY 31!
The Adjusted Gross Revenue (AGR) program is a relatively inexpensive way to insure a wide variety of crops against natural disaster or loss of market. This program is provided through commercial insurance carriers, but the cost is low because the premiums are heavily subsidized by USDA Risk Management Agency. The program is unique among crop insurance in that it insures income rather than crop production levels.
Most Vermont vegetable and berry farmers will be eligible for the program. Some requirements include: five consecutive years of filing Schedule F tax forms; no more than 35% of income from animal agriculture; no more than 50% of income from purchase and re-sale of agricultural products.
Your coverage is based on your average gross income reported for the last 5 years. You can choose among 3 levels of coverage that protect against your income dropping below 65%, 75% or 80% of your average gross. Then you select either a 75% or 90% payment rate on the loss. Obviously, the more of your gross income you choose to insure, the higher the premium.
To help you understand the program here is an example, but remember, each farm will be different. Farmer Vern's main crops are summer and winter squash, strawberries, sweet corn, tomatoes, peppers, cabbage, green beans and gourds. He has an average Schedule F income over the past 5 years of $76,800. Since his operation has been growing at 3.5% annually, his indexed Adjusted Gross Income is determined to be $88,166. Vern can choose 6 difference levels of coverage (65,75 or 80 percent of gross income and 75 or 90% payment level). The "loss inception point" is the gross income level below which losses are covered.
COVERAGE
PAYMENT
LOSS INCEPTION
PREMIUM
MAX. INSURANCE
LEVEL
RATE
POINT
YOU PAY
PAYMENT
65% 75% $ 57,308 $ 144 $ 43,981
65% 90% $ 57,308 $ 137 $ 51,577
75% 75% $ 66,124 $ 212 $ 49,593
75% 90% $ 66,124 $ 254 $ 59,512
80% 75% $ 70,533 $ 344 $ 52,900
80% 90% $ 70,533 $ 412 $ 63,480
Another example is a diversified vegetable and strawberry farmer with an AGR of $214,400. His 80% coverage level (or loss inception point) is $171,520. To get 90% payment on losses below that income (up to $154,368) his annual premium would be $668. At 75% payment (up to $144,720) the premium is $452, and at 65% payment (up to $125,424) the premium is $218.
You can see that the AGR program is a good way to protect your business against major disaster.
TO BE COVERED FOR 2003 YOU MUST SIGN UP BY JANUARY 31, 2003. However, your premium will not be due until December 2003. For more information or to sign up for the AGR program, contact an insurance agency that handles this program, including:
Arthur Carroll Crop Insurance Agency (800) 531-4700 or agcarro@adelphia.net
Odell Insurance, Bradford VT (802) 222-4755 or odellins@together.net
Rain and Hail: see website for local agencies: http:www.rainhail.com/tools/agent_search.html
VT VEGETABLE AND BERRY GROWERS ASSOCIATION 慒ARM SHOW' MEETING
Wednesday January 29, 2003, 1:00- 4:00 pm. Free and open
to the public.
First Presbyterian Church, Barre, VT.
(Take exit 7 of I-89, follow route 62 into Barre. Turn right at the lights onto route 302, go 1/4 mile then turn left just after the shopping plaza. The church is on the right, just down the hill from Barre Municipal Center.)
1:00 Principles of Irrigation - Dr. Buddy Tignor, University of Vermont
Dr. Tignor has conducted a variety of field research on environmental stresses of vegetables and fruit, with particular emphasis on water relations. He will review the basics of irrigation with regard to measuring and managing soil water to optimize plant utilization and crop yields.
1:45 Diversified Vegetable Farming in Western Pennsylvania - Allen Matthews
Last year, Allen joined the 抖阴探探 Center for Sustainable Agriculture as program coordinator. For 20 years prior to that, he farmed with his brother and father in the hills of southwestern Pennsylvania on their 148 acre farm that has 60 acres of fields in a rotation that includes 45 acres of vegetables and 15 acres of cover crops. He will describe their production strategies and their marketing at the farm, directly to grocers and through a farmer co-op that sells to restaurants.
2:30 Integrating Vegetables and Ornamentals at Crossroad Farm - Janet Taylor
Janet and Tim Taylor have been farming in Fairlee for 22 years They have about 50 acres in diversified production, including 14 greenhouses. Ornamentals and bedding plants are a big part of the operation, providing essential early sales and then continuing through the season as an important part of farm stand sales. Janet is in charge of the ornamentals, and she will describe how she grows and markets hundreds varieties of annuals, herbs, and cut flowers.
3:15 Farmers Outstanding in their Fields, 2002 - Vern Grubinger, 抖阴探探
This annual visual tour features slides from farm visits around the state by your extension vegetable and berry specialist. See what other growers, large and small, organic and conventional, are doing to control pests, manage soil, and enhance markets.
VT VEGETABLE AND BERRY GROWERS ASSOCIATION ANNUAL MEETING
Tuesday February 11, 2003.
Holiday Inn, Rutland Vermont
(just north of the intersection of Routes 7 and 4 west)
8:00 Registration, Trade Show, Refreshments
9:00 President's Remarks - Hank Bissell, Lewis Creek Farm, Starksboro
9:15 A Visit to 慞ete's Greens' Farm - Pete Johnson, Greensboro
10:00 Agricultural Education on Your Farm, Made Easy
Scout Proft and Suzanne Young
10:45 Break
11:00 Grower Round Table* 1: Greenhouse Tomatoes
Mike Collins, Old Athens Farm,
Putney
Grower Round Table 2: Sweet Corn
Will Stevens, Golden Russett Farm,
Shoreham
12:15 Luncheon and Trade Show
1:30 Business Meeting: Election of Officers, Public Relations, etc.
1:45 Crop Insurance for Diversified Agriculture: the AGR program
Colleen Kisselburgh, Arthur Carroll Insurance Agency
2:15 Grower Roundtable 4: Bedding Plants
Greg Berger, Spring Ledge Farm,
New London
Grower Roundtable 3: Strawberries
Jake Guest, Killdeer Farm, Norwich
3:30 Adjourn
* Roundtables will kick off with a 15-minute grower presentation then an open discussion about crop production, pest management, varieties, marketing, etc.
PRE-REGISTRATIONS must be received by Feb 7th. (Add $5 for at-the-door
registration.) $20 for Members, $30 for Non-Members, including lunch.
(subtract $10 without lunch)
Member dues for 2003 are $32. Benefits include: A 2002-03 Extension Vegetable or Small Fruit Management Guide, a subscription to Agriview which contains the Vermont Vegetable and Berry News and a subscription to American Vegetable or American Fruit Grower magazine. Mail your check to: VV&BGA, c/o Doug Johnstone, 677 Skitchewaug Trail, Springfield, VT 05156
One pesticide applicator recertification credit in private or commercial categories 1a and 10 will be awarded for attendance at either of the meetings listed above. For more information or to request special accommodations contact Vern Grubinger.