AGR Revenue Insurance Gains Popularity

Adjusted Gross Revenue insurance will be a high-interest meeting topic. John Vogel

Published on: Nov 26, 2004

Three years ago, U.S. Department of Agriculture’s Risk Management Agency endorsed a new form of crop insurance designed in Pennsylvania for diversified farms. Since then, use of the Adjusted Gross Revenue (AGR) and its streamlined successor AGR-Lite has spread rapidly through the Northeast. A number of Northeast states have already scheduled winter meetings to help farmers explore these and other crop insurance options.

AGR-Lite is a whole-farm revenue protection plan for which most farm-raised crops and livestock are eligible. The policy insures against the loss of revenue due to production losses and fluctuations in market price. It’s particularly appealing to small, highly diversified producers as ratings improve in relation to the number of crops grown.

AGR-Lite coverage is limited to a maximum annual liability of $250,000 targeted to farms with annual sales of approximately $500,000 or less. Farms grossing more than $500,000 annually can be insured under the AGR program.

New York schedule

N.Y. Ag Commissioner Nathan Rudgers recently announced dates for crop insurance workshops focusing on revenue insurance policies. "No matter the size or type of farm operation, these sessions will provide important and relevant information for all producers. I encourage all growers to attend a session and learn which of these crop insurance products may be most attractive for their business."

The sessions will provide an in-depth explanation of AGR-Lite features and, in the 16 counties where it’s available, AGR. All workshops will include a presentation on the Noninsured Crop Disaster Assistance Program. Sessions in Steuben, Yates and Wyoming Counties also will cover Multiple Peril Crop Insurance and Crop Revenue Coverage of particular relevance to farmers in those areas. Here are the times and locations:

  • Allegany County: Dec. 2, 7 p.m., Co. Cooperative Extension office, Belmont.
  • Cattaraugus County: Dec 2, 7 p.m., Co. Cooperative Extension office, Ellicottville.
  • Cayuga County: Dec. 15, 1 p.m., Co. Cooperative Extension office, Auburn.
  • Chautauqua County: Dec. 1, 1 p.m., Jamestown Community College, Rm. 115, 10807 Bennett Rd., Dunkirk.
  • Columbia County: Dec. 8, 9 a.m., Co. Cooperative Extension office, Hudson.
  • Delaware County: Dec. 10, 9 a.m., Co. Cooperative Extension office, Hamden.
  • Madison County: Dec. 16, 9 a.m., Co. Cooperative Extension office, Morrisville.
  • Monroe County: Jan. 14, 9 a.m., Co. Cooperative Extension office, Rochester.
  • Niagara County: Dec. 2, 9 a.m., Co. Cooperative Extension office, Lockport.
  • Orleans County: Dec. 14, 8:30 a.m., Trolley Building, 12690 Route 31, Knowlesville.
  • Steuben County: Dec. 3, 12:30 p.m., Civil Defense Center, Route 54, Bath.
  • Sullivan County: Dec. 10, 1:30 p.m., Co. Cooperative Extension office, Liberty.
  • Tioga County: Jan. 5, 9 a.m., Co. Cooperative Extension office, Owego.
  • Ulster County: Dec. 8, 1:45 p.m., Hudson Valley Laboratory, Route 9W, Highland.
  • Wayne County: Nov. 30, 9 a.m., Co. Cooperative Extension office, Newark.
  • Wayne County: Dec. 14, 1:30 p.m., Pultneyville Reformed Church, Pultneyville.
  • Wyoming County: Dec. 2, 1:30 p.m., Co. Cooperative Extension office, Warsaw.
  • Yates County: Jan. 4, 9 a.m., Co. Cooperative Extension office, Penn Yan.

For more information, contact Christopher Reed with the New York Crop Insurance Education Program at (518) 672-7743 or Gerald White at Cornell’s Department of Applied Economics and Management at (607) 255-2299.