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PIONEER POINTERS 



Revenue Insurance 



Adjusted Gross Revenue or AGR 

 is a relatively new crop insur- 

 ance program developed by the 

 USDA's Risk Management Agency. 

 Since its 1999 inception, it has ex- 

 panded to cover most counties in 

 Northeast states, with coverage lev- 

 els continuing to be evaluated and 

 improved. 



AGR is a whole farm type insur- 

 ance that guarantees a percentage of 

 an operation's gross revenue instead 

 of guaranteeing a certain percentage 

 of a crop. This differs from the 

 conventional Multi-Peril Crop In- 

 surance (MPCI) because it insures 

 an operation's revenue against lack 

 of production and market 

 fluctuations, where MPCI only in- 

 sured against lack of production. 



AGR insures the whole farm op- 

 erations revenue against loss of 

 quantity and market fluctuations; 



this includes many crops or com- 

 modities that may not have been in- 

 surable in your county before. AGR 

 allowable income can come from 

 many sources including bedding 

 plants, greenhouse, and field grown 

 or container nursery products. 



The operation's gross revenue is 

 based on the last 5 consecutive 

 schedule F tax filings. There are sev- 

 eral different coverage levels avail- 

 able, however the coverage levels 

 available to each operation depends 

 on the number and mix of com- 

 modities an operation produces. The 

 more commodities a business pro- 

 duces, the higher coverage level the 

 owner may be able to elect. These 

 coverage levels vary from the lowest 

 guaranteeing 65% of revenue with a 

 75% repayment rate to the highest 

 guaranteeing 80% of revenue with a 

 90% repayment rate. For every dol- 



lar an operation falls short of their 

 65 to 80 percent revenue guarantee 

 that dollar will be paid back from 

 75 to 90 cents on the dollar. 



For detailed information on the 

 specifics of this or any of the other 

 crop insurance programs please con- 

 tact First Pioneer Farm Credit for 

 the Crop Growers Insurance Services 

 agent in your area. They will help 

 you evaluate this program and oth- 

 ers to fit a risk management pro- 

 gram for your specific operation. 



First Pioneer Farm Credit pro- 

 vides financial services to the green 

 industry. Call the Bedford, NH 

 branch office at 1-800-825-3252. 

 (RW) 



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The Plantsman 



