Spokane, Wash., April 1, 2014 – The
USDA’s Risk Management Agency (RMA) reminds Pacific Northwest nursery growers
of the May 1, 2014, sales closing date for 2015 Nursery Multi-Peril Crop
Insurance (MPCI) coverage.
MPCI Nursery insurance provides
protection for wholesale nurseries producing and marketing nursery plants grown
in standard nursery containers or in the field. Coverage is based on a
plant inventory value report (PIVR) that declares a value of insurable plants
(the lower of a nursery grower’s own prices or prices contained in a Plant
Price Schedule maintained by USDA).
New policy applications may be filed at
any time, however, all applications, including those for new or amended
coverage, are subject to a 30-day waiting period before coverage begins.
Current nursery policyholders may request changes in coverage and/or obtain the
Pilot Nursery Grower’s Price Endorsement (NGPE) in Oregon and Washington before
the May 1 sales closing deadline.
Local crop insurance agents are
available to provide program details that reflect the grower’s nursery
inventory. A list of crop insurance agents is available at all USDA
Service Centers throughout the U.S. or at: http://www3.rma.usda.gov/tools/agents/ .
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