RMA ANNOUNCES UP TO $5 MILLION IN FINANCIAL ASSISTANCE IN 15 STATES
Funds to Encourage Increased Participation and Buy-up Coverage Levels in
WASHINGTON, Feb 24, 2004 - USDA's Risk Management Agency (RMA) today
announced that Congress has made available up to $5 million to reduce the cost of
crop insurance for producers in 15 historically underserved states. RMA's Agricultural
Management Assistance (AMA) program will provide these funds as financial assistance to
producers as authorized by the Federal Crop Insurance Act (FCIA).
"Producers in the 15 targeted states are becoming increasingly aware of crop
insurance as a vital risk management tool," said RMA Administrator Ross J. Davidson, Jr.
"We at RMA place strong emphasis on meeting the risk management needs of American
agricultural producers, and especially those in this targeted group."
The AMA program for crop insurance is available to producers in the following
states: Connecticut, Delaware, Maine, Maryland, Massachusetts, Nevada, New Hampshire,
New Jersey, New York, Pennsylvania, Rhode Island, Utah, Vermont, West Virginia, and
Wyoming. These are the 15 states designated in the law as historically underserved
with respect to crop insurance. Three million dollars has been reserved for those
states (Pennsylvania and Maryland) that have provided state-funded premium-assistance
programs for producers.
To qualify, producers operating in these 15 states must be insured with certain
crop insurance policies that have sales closing dates on or after February 16, 2004 and
acreage reporting dates before September 30, 2004. No additional application is
Interested producers should contact their agent regarding program eligibility,
availability, and additional restrictions. A list of crop insurance agents is
available at local Farm Service Agency offices or by using RMA's Agent Locator at: