The USDA’s Risk Management Agency (RMA) reminds Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Vermont, Virginia, and West Virginia nursery growers that the final date to apply for crop insurance coverage for the 2023 crop year is May 1. Current policyholders who wish to make changes to their existing coverage have until May 1 to do so. Growers applying for the first time may purchase coverage at any time.
Additional coverage will be available in select New Jersey counties for the 2023 crop year under the new Nursery Value Select Pilot program. Contact a crop insurance agent for more information on this program before the May 1 sales closing date.
Federal crop insurance is critical to the farm safety net. It helps growers and owners manage revenue risks and strengthens the rural economy. Coverage begins 30 days after receipt of a signed application and approval of required documents. For Nursery Field Grown and Container coverage, a Plant Inventory Value Report for each insured practice, and two copies of the grower’s most recent wholesale catalog or price list are required. For Nursery Value Select coverage, a Nursery Value Report, Monthly Unit Value Plan, and two copies of the grower’s most recent catalog are required. For more information see Nursery crop insurance and the Actuarial Information Browser.
Growers are encouraged to visit their crop insurance agent soon to learn specific details for the 2023 crop year. Crop insurance coverage decisions must be made on or before the sales closing date.