Stay on top of critical dates to your insurance policies.
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 thus reducing your revenue opportunities and more importantly stealing more and more of your profit revenue.
Each year, weather is responsible for 90% of the total losses that occur in your fields (insects, management and other factors account for the additional 10%). Interestingly, crop scientists and climatologists have identified the top six weather events that are responsible for nearly 90% of all weather losses. These six events are:
Although a single weather event may not have a significant negative impact on your crop's yield potential, when added together these small events can have a very detrimental effect.
For example, many times drought brings with it excessive heat. If during a critical 7-day growing period your crop experiences drought, daytime and nightime heat stress the effects on your crop would be considerable.
With as much as 30% or more of the revenue you could potentially generate sitting above your breakeven line and the fact that breakeven costs continue to rise at breakneck speeds, it's critical that you develop a strategy for protecting your profit from these yield robbing weather events.