News

Montana Hail Board Approves Refunds

 

GREAT FALLS, Mont. – Montana farmers who bought state hail insurance this year will receive a refund of 25 percent of the premiums they paid. The state Board of Hail Insurance approved the refunds after reviewing an actuarial report at its annual meeting.

The Montana Department of Agriculture issued 1,943 hail insurance policies covering nearly 1.6 million acres during 2011. That's below the record of 2 million acres in 2007 primarily due to the wet spring that prevented the planting of crops, said department Director Ron de Yong.

 

"An independent actuary report showed that the program continues to be financially strong and able to once again provide refunds to policyholders," de Yong said. "Crop producers are fortunate to have this program, which is the only one of its kind in the nation."

At its November 30th meeting, the board decided premiums for the 2011 crop year will remain the same as those charged this year, said board Chairman Gary Gollehon of Brady.

 

Serving with de Yong and Gollehon on the board are Montana State Auditor Monica Lindeen and producers Trudy Laas Skari of Chester and Jim Schillinger of Baker. For more information about state hail insurance, contact the Montana Department of Agriculture's hail specialist at (406) 444-2402 or by email at agr@mt.gov.

 

 
 

Contacts

 

Montana State Hail Insurance Program
Montana Department of Agriculture
P.O. Box 200201
Helena, MT 59620-0202
Phone: (406) 444-2402 or (800)515-1571
Fax: (406) 444-9442

agrhail@mt.gov

 

Jayson O'Neill
Montana Department of Agriculture
302 N Roberts
Helena, MT 59601
Phone: (406) 444-3684
E-mail: jaysononeill@mt.gov
Fax: (406) 444-5409

 

Published: December 13, 2011 3:00:00 PM MST.
Last Modified: December 13, 2011 3:33:05 PM MST