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SpecialtyCropInsurance‐AGR‐liteforDiversifiedFarmsJeffSchahczenski,NCAT
Farming is Risky
Important National Benefit for Agriculture
Organics and Crop Insurance
• Lack of information about risks associated with organic production has resulted in 5% surcharge.
• No separate price election, thus all crops insured at conventional crop values
• Exception for “contracted” prices for limited crops in limited states.
• Exception AGR-Lite
Potential Organic/Specialty Contracting Insurance
AGR-LITE is Whole Farm Revenue Based
• Based on Tax Forms—Adjusted Gross Revenue
• Insures revenue not specific crops or livestock
Why Not Utilized
• Taxes • Complicated • Cost to Value • Diversity • Unknown-not assessed • Established Farmers
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