The AGR-Lite (Adjusted Gross Revenue-Lite) federal crop insurance plan is now available in 28 states. The whole-farm revenue plan of insurance provides protection against low revenue due to unavoidable natural disasters and revenue fluctuations.

John Hewlett, University of Wyoming farm and ranch management specialist, says AGR-Lite provides producers blanket insurance against revenue losses that may occur for either livestock or crop enterprises. To help producers better understand the new insurance, Hewlett is presenting workshops in various Wyoming locations (contact your local Extension office for more details):

  • Dec. 4, Casper Parkway Plaza;
  • Jan. 18, Evanston;
  • Jan. 31, Riverton;
  • Feb. 1, Casper Parkway Plaza;
  • Feb. 5, Gillette;
  • Feb. 6-7, Worland;
  • Feb. 20, Lovell.
AGR-Lite policies are limited in size to a maximum liability of $1 million annually, with most ranch- and farm-raised crops, animals and animal products eligible for protection. The plan uses a producer's five-year historical farm or ranch average revenue, as reported on IRS tax returns (Schedule F or equivalent forms) and the current year's plan, as a basis to provide a level of guaranteed revenue for the insurance period. Sign ups must be completed by March 15, 2007.

For more info, visit www.rma.usda.gov/.
-- Joe Roybal