Is Whole Farm Revenue Insurance Right for your Farm? Free Webinar

Tweet

Free Webinar: Is Whole Farm Revenue Insurance Right for your Farm? Small Farm Insurance Option

Wednesday, September 28, 2011, 11 AM Mountain Daylight Time

The National Center for Appropriate Technology will host a webinar September 28th at 11:00 a.m. Mountain Daylight Time (=1:00 p.m. Eastern Daylight time) on a whole farm revenue product called Adjusted Gross Revenue Lite (AGR-Lite). AGR-Lite can assist diversified and specialty crop and livestock farmers with whole farm revenue insurance.

The webinar will demonstrate the new on-line version of a tool that helps farmers assess the potential benefits of AGR-Lite, a whole farm revenue insurance product supported by the Risk Management Agency (RMA) of the United States Department of Agriculture. The webinar will provide real world examples of the potential of the insurance product to lower risks for the whole farm. NCAT Program Specialist Jeff Schahczenski will host the webinar and Chris Mahelona, Risk Management Specialist from the RMA, will also be available to answer questions.

AGR-Lite may be particularly useful for diversified farms that either grow a range of specialty crops or that have combined crop and livestock production systems. Instead of insuring individual crops or livestock, AGR-Lite insures the revenue of the whole farm based on historical performance of the farm. The insurance is currently available in 38 states and is limited to farmers whose gross income is not over $2 million dollars. The states where it is available are: Alabama, Alaska (selected counties), Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Kansas, Maine, Maryland, Massachusetts, Minnesota, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York (selected counties), North Carolina, Oregon, Pennsylvania (except Philadelphia County), Rhode Island, South Carolina, Tennessee, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

“This online tool allows the farmer to quickly check their eligibility for AGR-Lite, estimate the premium cost of a policy for their farm, explore different future loss scenarios so as to have a better sense of likely payouts related to possible yield or price changes and finally, generates useful reports that can assist in purchase of the product,” said Schahczenski, project director of this RMA funded practical research project.

Click on the link below to register. For more information, please contact Jeff Schahczenski at jeffs@ncat.org or 406-494-4572.

Is Whole Farm Revenue Insurance Right for your Farm? On-Line Wizard Webinar registration:
www.ncat.org/agrlite