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Crop Insurance Listening Session for Proposed Nursery Growers

posted 06/16/2017

FCIC Nursery Insurance is offered in all 50 states. The Risk Management Agency of the United States Department of Agriculture recently awarded a contract to conduct research to obtain information for a proposed new alternative nursery insurance program referred to as Nursery Value Select and identify issues related to the proposed program.

Watts and Associates, Inc. (W&A), a private economic consulting firm based in Billings, Montana, was contracted to conduct a targeted study to evaluate the efficacy of the new concept and gather stakeholder input regarding its appropriateness. W&A has completed nearly 100 contracts focused on crop insurance over the last 16 years.

As part of the required gathering of stakeholder input, W&A is hosting stakeholder input meetings in the following city: Mobile, AL (June 28, 2017 at the Mobile County Extension Office, Jon Archer Agricultural Center 1070 Schillinger Rd., N. Mobile, AL)

One meeting will be focused on gathering input from Nursery operators and will be held from 8:30 a.m. to 9:30 a.m.

A second meeting focused on gathering input from other Nursery industry stakeholders (Crop Insurance agents, insurance company representatives, association representatives, extension specialists, etc.) will be held from 1 p.m. to 2 p.m.

W&A is interested in collecting comments, opinions, observations, and thoughts about the proposed Nursery Value Select concept from industry stakeholders.

All stakeholders are welcome and any information regarding possible improvements to the insurance product concept is encouraged. A discussion will be held with the stakeholders in attendance regarding risks faced by the industry, value of insurance as a risk management tool, observations of what aspects of the current Nursery Insurance product the concept addresses, what aspects can be incorporated into and improved with the use of the new concept, and other relevant feedback.

W&A is interested in having a conversation with all stakeholders: producers, extension agents, crop association and crop insurance industry representatives.

If you are unable to attend, you can provide your input to Dr. Alan Baquet at W&A by email at abaquet@wattsandassociates.com.