SpecialtyCropInsurance‐AGR‐liteforDiversifiedFarmsJeffSchahczenski,NCAT

Farming is Risky

Important National Benefit for Agriculture

Organics and Crop Insurance

•  Lack of information about risks associated with organic production has resulted in 5% surcharge.

•  No separate price election, thus all crops insured at conventional crop values

•  Exception for “contracted” prices for limited crops in limited states.

•  Exception AGR-Lite

Potential Organic/Specialty Contracting Insurance

AGR-LITE is Whole Farm Revenue Based

•  Based on Tax Forms—Adjusted Gross Revenue

•  Insures revenue not specific crops or livestock

Why Not Utilized

•  Taxes •  Complicated •  Cost to Value •  Diversity •  Unknown-not assessed •  Established Farmers