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1 2 3 4 Get copy from NRCS Web will be update periodically - PowerPoint PPT Presentation

Mar 30, 2023 •170 likes •345 views

1 2 3 4 Get copy from NRCS Web will be update periodically ( www.nrcs.gov ) 5 6 Updated Yesterday 7 8 Updated Yesterday 9 2014 Risk Management Check Up Is YOUR 2013 Risk Management Plan Adequate to Manage 2014 Risks?

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  5. Get copy from NRCS Web will be update periodically ( www.nrcs.gov ) 5

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  7. Updated Yesterday 7

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  9. Updated Yesterday 9

  10. 2014 Risk Management Check Up Is YOUR 2013 Risk Management Plan Adequate to Manage 2014 Risks? (Increasing Input Costs, Prices & Weather Volatility) 10

  11. How Good is your Risk Management Plan ? Protection is Available for Almost All Crops and Some Livestock Production! • Crop Insurance Protection – is available: – Individual Crop Policies – available for many crops – Producers with 3 years of production history may import policies not generally available in the area – Whole farm gross revenue protection • Non-insured crop Assistance Protection is available for almost all non-insurable crops & Other benefit programs may also be available from FSA Producers can be assured of a pay day (Production sales &/or USDA protection benefits) 11

  12. How Good is your Risk Management Plan ? What do you want your Crop Insurance Based Risk Management Plan to do For YOU when disasters occur? • Protect crop value $ ? A. • Protect input cost $ ? A. • Protection to secure operating loan (security) $? • $$ To replace livestock feed $? • $$ Buy-out preharvest sales contracts $? • Strengthen the business plan and avoid an income interruption $? IS YOUR Current Risk Mgt. Plan Adequate? 12

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  14. All Have One Common Thought … 14

  15. “It’s a program that can help a producer survive a disaster and return to profitability!” 15 15

  16. Farming has always been a risky business. Crop insurance helps you level the playing field by protecting For more information on you Crop insurance and your family from substantial losses. You can go to: www.rmra.usda.gov With $400 million of protection and more than 17,800 insured farm www.agriculture.state.pa Gene Gantz units in Maryland, 3,520 received indemnity payments (717) 497-6398) totaling $28 million or $1.94 for each dollar paid in premiums in Email: gantz@pa.net 20112 Steve Connelly (410-841-5824 Crop insurance is a wise investment for your peace of mind, and a Email: steve.connelly@maryland.gov valuable financial planning tool for your farm. Don’t have an agent? Ask a neighbor who they use, or visit www3.rma.usda.gov/apps/agents/ Call an agent today. 16

  17. 2014 Risk Management Check Up For more information & farm level details: Contact crop ins. agent (list: www.rma.usda.gov/tools/agent.html) Or: Steve Connelly - MDA (410-841-5824) steve.connelly@maryland.gov Presentation by: Gene Gantz, RMA/USDA (717) 497-6398 gantz@pa.net; www.rmra.usda.gov. “This institution is an equal opportunity provider.” 17

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