HARRISBURG, Pa. — Harvest prices for wheat and barley are significantly lower than projected spring prices, and producers with revenue-based crop insurance policies may be able to claim a revenue loss even if they did not have a yield loss.
The harvest price for wheat is $6.63 per bushel and barley is set at $4.71 per bushel. The projected prices at planting time were significantly higher at $8.57 for wheat, $6.10 for fall seeded barley and $5.24 for spring seeded barley.
“It pays to have crop insurance,” said Agriculture Secretary George Greig. “Last year’s drought affected wheat and barley production, and this year market conditions are bringing unfavorable prices. Despite this, producers with revenue insurance can still have a pay day.”
File a written notice of loss immediately if you experience a revenue loss due to an insurable cause. Contact your crop insurance agent with questions.
For more information about Pennsylvania’s crop insurance education program, visit www.keepPAgrowing.com and click on the risk management button.