Westminster, MD (PRWEB) September 17, 2013
MidAtlantic Farm Credit reminds producers of important 2013 closing dates for crop insurance. Wheat and barley closes on September 30, with pasture, rangeland, and forage closing on November 15 and grapes, apples, and peaches closing on November 20.
As a risk management tool, crop insurance is a major benefit to all farmers who rely on their crops for their livelihood. Drought, damaging weather, and other unforeseen disasters throughout the year threaten the success of farmers’ crops. “The risks associated with farming are high,” says Kathi Levan, crop insurance manager. “Crop insurance gives farmers peace of mind knowing that, should the unexpected happen, they will have the financial security to stay in business and go on to plant the next season.”
Farmers should contact their crop insurance agent early to find out about all the crop insurance options that are available before finalizing their risk management strategies. “Trend adjusted yields are available for wheat in Maryland for 2014,” says Levan. “We encourage all farmers who are interested in crop insurance to call and speak with one of our agents. MidAtlantic Farm Credit has been writing crop insurance for over 25 years. That is the only type of insurance we do and we do it well.”
About MidAtlantic Farm Credit
MidAtlantic Farm Credit is an agricultural lending cooperative owned by its member‐borrowers. It provides farm loans for land, equipment, livestock and production; crop insurance; and rural home mortgages. The co-op has over 10,400 members and approximately $2.1 billion in loans outstanding. MidAtlantic has branches serving Delaware, Maryland, Pennsylvania, Virginia and West Virginia. It is part of the national Farm Credit System, a network of financial cooperatives established in 1916 to provide a dependable source of credit to farmers and rural America.