Multi-Peril Spring Questions Covered By Joann Jacobson
Spring is here, though, at times, it seemed it was not going to come! Along with spring planting may come questions regarding your Multi-Peril Crop Insurance. Some of the common questions are with planting dates. For corn, the initial planting date is April 11th, and final planting date is May 31st, soybeans, the initial planting date is April 21st, and final planting date is June 10 in MN and June 15th for IA. Anything planted after the final planting date can still be insured, but coverage will be reduced by 1% per day for those acres that are planted late, up to 25 days after the final planting date. So, when reporting planting dates to the FSA office, if you have a field where some acres are planted timely and some are not, make sure you report them separately, with the late planted acres reported by each day they were planted, to avoid losing coverage on the timely planted acres.

 

 

 

There are a few different options in determining proven yields on land that is being added to your farming operation. If the land added is in a section in which you are already farming, the acres will be reported with that unit, and therefore will take on the proven yield for the existing land in that section. If it is in a new section, you may use either 100% of the county ‘T’ yield, or a simple average of proven yields for all of your existing units, which in most cases would be the best choice. If adding more than 640 acres, your agent would need to submit, on your behalf, a request to the Risk Management Agency for you to use your simple averages. One other way of establishing a proven yield on new ground, would be if you are taking it on from an individual for which you had been involved with the production of the crop in the past.

 

A ‘Use of Another Producer’s History Form’ would need to be completed by April 29th, in order to do this. Your agent will be able to help you determine if you would qualify for this option.

 

Any acreage of your insured crop that was damaged, to the extent that a majority of growers in the area would not further care for the crop, must be replanted for coverage to continue. To be eligible for a replanting claim, the acreage replanted must be the lesser of 20 acres or 20% of the insured planted acreage for the unit. If any of the acreage of the crop is planted before the earliest planting date, that acreage is ineligible for a replant payment.

 

 

 

In addition to the dollar plan hail insurance, it is still not too late to apply for the Production Plan Hail Insurance, which increases, by percentage, your bushel guarantee for hail damage. For any further questions, don’t hesitate to contact your agent.

 

 

 

Have a safe and successful spring!

 

 

 


2016 SPRING PRICE

2016 Spring PriceCorn - $3.86    Beans - ...

Wednesday, 8 January 2014

READMORE

Multi-Peril Spring Questions Covered By

Spring is here, though, at times, it seemed it was not going to come! Along with spring planting may come questions regarding your Multi-Peril Crop Insurance. Some of ...

Tuesday, 21 May 2013

READMORE

The Six Perils That Cost You Top End Bus

  Every year weather events and the losses they cause begin to rob bushels from your crop’s yield potential. Unfortunately, these losses begin at the top and work their way down ...

Wednesday, 3 April 2013

READMORE

Buyer Beware

By Travis Keister   With the success in the farming industry as of lately, a lot of folks are looking for ways to capitalize off the industry’s good fortunes. Whether it’s a new pi...

Wednesday, 3 April 2013

READMORE

Automated Crop Reporting-Less Paperwork-

    At crucial planting and harvest times, you have better things to do than spend hours on reports. That’s where Automated Crop Reporting technology comes in. By using data from your pr...

Monday, 25 April 2011

READMORE

More in: Site News

-
+
5