USDA Logo
 United States Department of Agriculture
 USDA Factoids
 Random images that represent what the USDA offers
Release No. 0437.06
 Home About USDA Newsroom Agencies and Offices Careers Help Contact Us En Español
Search
Advanced Search
Search Tips
My USDA
Login
Customize New User
Browse by Audience
  Browse by Subject
Agriculture
Education and Outreach
Food and Nutrition
Laws and Regulations
Marketing and Trade
Natural Resources and Environment
Research and Science
Rural and Community Development
Travel and Recreation
USDA Employee Services
Newsroom
News Release
  Release No. 0437.06
Contact:
Brent Doane (202) 690-2092
Kristin Scuderi (202) 720-4623

 Printable version
Email this page Email this page
  JOHANNS ANNOUNCES EXPANSION OF AGR-LITE PLAN OF CROP INSURANCE TO 10 ADDITIONAL STATES
 

CASA GRANDE, Ariz., Nov. 2, 2006 - Agriculture Secretary Mike Johanns today announced expansion of the Adjusted Gross Revenue-Lite (AGR-Lite) plan of insurance, into the states of Ariz., Colo., Kan., Minn., Mont., Nev., N.M., Utah, Wis., and Wyo. With this expansion, AGR-Lite will now be available in 28 states for the 2007 insurance year.

"This insurance is a useful risk management tool, particularly for small diversified producers," said Johanns. "It is based on individual farm revenue, so producers are offered a great deal of flexibility in how they manage their farm or ranch operations."

AGR-Lite is a whole- farm revenue plan of insurance, developed by the Pennsylvania Department of Agriculture, providing protection against low revenue due to unavoidable natural disasters and revenue fluctuations. Policies are limited in size to a maximum liability of $1 million annually. Most farm-raised crops, animals, and animal products are eligible for protection. The plan uses a producer's 5-year historical farm average revenue, as reported on IRS tax returns (Schedule F or equivalent forms) and the current year's farm plan, as a basis to provide a level of guaranteed revenue for the insurance period.

The AGR-Lite plan can stand alone or be used in conjunction with most other federal crop insurance plans. It provides insurance coverage for multiple agricultural commodities under one insurance product and establishes revenue as a common denominator of insurance for all agricultural commodities on that farm.

Prior to this expansion, AGR-Lite was already available in the states of Alaska, Conn., Del., Idaho, Maine, Md., Mass., N.H., N.J., N.Y., N.C., Ore., Pa., R.I., Vt., Va., Wash., and W.Va.

"More detailed information about AGR-Lite is available on the RMA Web site at: http://www.rma.usda.gov. Policy materials will also be available soon at the RMA Web site.