November 10, 2006
November 10, 2006 - Agriculture Secretary Mike Johanns announced the 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.
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.
More detailed information about AGR-Lite is available on the Risk Management Agency Web site at www.rma.usda.gov.
The American Sheep Industry Association has scheduled an AGR-Lite workshop at its 2007 annual convention in San Antonio, Texas, on Thursday, January 25. Charlie Cathcart from Pennsylvania will be administering this session.