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Commissioners of Commerce and Agriculture Remind Farmers: Crop Insurance may be the Best Defense for Minnesota's Extreme Weather

March 10, 2014

For Immediate Release

SAINT PAUL, MN – Today, Agriculture Commissioner Dave Frederickson and Commerce Commissioner Mike Rothman are encouraging Minnesota farmers to consider purchasing crop insurance ahead of this year’s growing season. The standard deadline for purchasing crop insurance is right around the corner. Farmers must finalize a crop insurance plan for corn, soy bean, and wheat with their insurance agent by March 15.

“Minnesota’s extreme weather has made predictions increasingly difficult – It is important for all farmers to review their crop insurance needs this month,” said Commissioner Rothman, the state’s top insurance regulator. “Now is the time for Minnesota farmers to consider the wisdom of crop insurance for risk management this growing season.”

The threat of drought is real again this year. According to the National Weather Service  drought conditions across most of west central and south central Minnesota will either improve or dissipate altogether throughout the spring.  However, Minnesota’s volatile weather may provide additional trouble besides the threat of drought.

“Crop insurance is an important tool for managing risk,” said Commissioner Frederickson. “There are many options for farmers to consider and I encourage them to discuss their needs with their crop insurance agent.”

According to the U.S. Department of Agriculture’s Risk Management Agency (RMA), before purchasing crop insurance farmers should consider how a policy will work in conjunction with their other risk management strategies to ensure the best possible outcome each crop year. Crop insurance agents and other agri-business specialists can assist farmers in developing a good management plan. A list of crop insurance agents by county can be found on the RMA website.

RMA provides policies for more than 100 crops. Crop insurance policies typically consist of general crop insurance provisions, specific crop provisions, policy endorsements and special provisions. Minnesota farmers are encouraged to review RMA's county crop program listings for more information about crop policies available in their home county. Policies are available for most commodities.

Farmers with questions about crop and livestock insurance are encouraged to visit the Minnesota Department of Commerce website.