Westminster, MD (PRWEB) February 04, 2014
MidAtlantic Farm Credit announced the closing date for corn, soybeans, and Adjusted Gross Revenue Lite (AGR-Lite) as March 15th.
Crop insurance is a risk management tool used to provide producers with financial protection when low production or price fluctuations occur. AGR-Lite is a total farm revenue policy that provides protection against unforeseen natural disasters and price-related losses.
Farmers are urged to contact their crop insurance representative to discuss their coverage. “Producers should contact an agent as soon as possible to discuss their needs and what policy would fit them best,” says Kathi Levan, crop insurance manager. “Renewal customers should make sure to review their coverage with their agent prior to sales closing and pay close attention to details on their policies such as entity type, options and unit structures.”
This year, MidAtlantic Farm Credit will begin to offer policies for machine-harvested pickling cucumbers in certain counties in Delaware and Maryland. "This new policy offering expands our reach as a crop insurance provider and helps us connect with more customers,” says Levan. For more information about MidAtlantic Farm Credit’s crop insurance program, please visit mafc.com/crop-insurance.
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.