Issue 6
March 1997

A look at four risk management options
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Prairie Grains is the
official publication of
the Minnesota
Association of
Wheat Growers,
North Dakota Grain
Growers Association,
South Dakota Wheat,
Inc., and the
Minnesota Barley
Growers Association.


 Crop Revenue Coverage, the first private sector crop insurance policy to guarantee a stated amount of revenue on a farmer’s actual production history, has been approved as a pilot program for several crops this year, including spring wheat in Minnesota, 23 counties in North Dakota, and wheat in South Dakota. CRC protects against lost revenue caused by low prices, low yields, or any combination of the two.

Several counties in Minnesota and North Dakota are eligible for a pilot program called Income Protection, which is similar to CRC, but with key differences. The Group Risk Plan offers coverage based on county yield losses. And multi-peril crop insurance offers an attractive price election for wheat this year.

Below is a summary which helps explain the differences. Growers are encouraged to consider the plan that best suits their operations. Discuss the merits of each plan with your local agent. There’s not much time: the risk management signup deadline is March 15, 1997.

Copyright Prairie
Grains Magazine
March 1997