The application deadline for the new federal government strawberry crop insurance program is two weeks from today for Ventura, Santa Barbara, Monterey and Santa Cruz counties. This program now provides coverage for loss of revenue due to market fluctuations and has other significant improvements.
The Risk Management Agency implemented most of the suggestions requested by Western Growers and now includes a simplified claims procedures and an increase of coverage to 85 percent - the highest level of coverage available in the federal crop insurance program. The most unique feature of this program, as already mentioned, is that in addition to providing coverage for many loss events such as weather and insect related problems, it also provides for loss of revenue due to market price fluctuations. So if the price of the product drops below historical averages, the grower may be eligible for a loss payment due to a market event even if there is no damage to the crop or loss in production.
Western Growers Insurance Services was intimately involved in getting the product updated to meet the needs of strawberry growers and knows this insurance program very well. WGIS will have team members in these key counties for the next two weeks to answer questions and assist interested parties in completing the short application for coverage should a grower wish to purchase the coverage. The application is simple to complete but must be submitted by September 30th in order for the coverage to be put in place.
If you would like to have a WGIS representative stop by to visit, please contact Greg Nelson, AVP of Commercial Lines.
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