Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 10 · column 7 of 9 · from the scan, no model involved
When Congress decided to minimize crop disaster programs, it came up with what nearly everyone agrees is a better idea: A nationwide program of All-Risk crop insurance in which the government pays a substantial part of the premium for an insurance policy individual crop producers can tailor to their own needs.
The new insurance program, sponsored by USDA’s Federal Crop Insurance Corporation (FCIC), begins with this year’s crops and is available through local private insurance agents.
According to Brice Clements, FCIC district director, farmers can now obtain insurance coverage for com, wheat, barley and grain sorghum. The deadlines to apply are March 31 for com and April 30 for grain sorghum. Gements explains that farmers can “customize” their insurance in a variety of ways. A farmer with documented yield history for at least three years can obtain a production guarantee based on past yields. Each farmer has a choice of carrying a policy that guarantees either 50 percent, 65 percent, or 75 percent of average yield. Each also can choose from three selections, the price to be paid for each crop that actual production on the farm falls below the guarantee.
Another choice involves hail insurance. By election to delete hail and fire coverage from the All-Risk policy and carrying private hail and fire coverage instead, a farmer’s premium for All-Risk insurance will be reduced
91.3%