Archive for the ‘Crop Insurance’ Category

Feb
25

2012 County Corn and Soybean Yields Released

The USDA, National Ag Statistics Service has released the 2012 Ohio corn and soybean yields per acre. These yields are used for some crop insurance triggers and helpful in tracking weather impacts. Data for all counties in Ohio can be found at: http://www.nass.usda.gov/Statistics_by_State/Ohio/index.asp

2012 County Yields – NASS, OH Field Office

County

Corn

Soybean

Williams

98.6

39.9

Fulton

121.4

47.5

Lucas

145.3

52.4

Defiance

82.3

34.6

Henry

101.1

49.9

Wood

136.5

53.6

Paulding

91.7

40.7

Putnam

116.9

48.6

Hancock

144.0

49.8

Van Wert

122.5

55.3

Allen

113.9

53.3

Ohio

123.0

45.0

Jun
3

Ohio FSA Announces July 15 Deadline Extension To Report Prevented Planting

by Greg LaBarge, Fulton County

COLUMBUS, OHIO — June 3, 2011 — Due to Ohio’s weather creating delays in planting, the Ohio Farm Service Agency (FSA) is extending the date to timely report prevented planting to July 15, 2011, to coincide with the crop reporting deadline.

“Ohio’s weather has created delays in planting, which may result in difficulty of timely reporting prevented acreage,” said Steve Maurer, state executive director. “With the extension, producers will be able to file form CCC-576, Notice of Loss for prevented planting of corn and soybeans at the same time as filing annual acreage reports which are also due by July 15th.”

Producers are reminded to file an FSA-578, Report of Acreage, certification for the farm by June 30 for small grains and by July 15 for all other crops.

Prevented planting acreage, or acreage that could not be planted because of wet field conditions or other natural disaster, should be reported to FSA by July 15th. This includes crops covered by crop insurance or the Non-insured Assistance Program (NAP) and crops without insurance coverage.  Producers should contact their local FSA office or crop insurance agent to verify final planting dates for all crops since they vary among counties and crop types. Read the rest of this entry »

May
24

Decison Resources for Late Planting

by Greg La Barge,  Fulton County

Not surprisingly the NASS-Crop Progress Report showed minimal progress in planting for Ohio in the past week. Ohio was at 11% planted on corn with the US at 79% planted and Iowa 98%, Illinois 90% and Indiana 49%. The full report can be found at http://usda.mannlib.cornell.edu/usda/current/CropProg/CropProg-05-23-2011.pdf

Decisions will be many and require a big picture view of your operation over the next 2-3 weeks. A website I would encourage you to look at often in this time period is on our Agronomic Crops Team Website. A page is entitled Decision Resources and Tools for 2011 Late Planting with a direct link of  http://agcrops.osu.edu/links/2011-late-planting-resources/decision-resources-and-tools-for-2011-late-planting is in place to house a variety of information based on question we are getting across the state. We will be updating the site with current agronomic production and crop insurance information you can use to make an informed decision that is best for your farm.

One thing I have noted is this is one of the most complicated issues we have ever faced. There are many nuances to decisions such as prevented planting that will be made and information will be the key. The highlighted website will be updated frequently and have a wealth of information.

May
23

Background on Prevented Planting

Adapted from an FarmDocDaily Article by Dr Gary Schnitkey, University of Illinois by Greg LaBarge, Fulton County

Wet weather this spring again raises questions about prevented planting provisions in crop insurance. This document describes prevented and late planting provisions that apply to the COMBO product and its Revenue Protection (RP), Revenue Protection with Exclusion, and Yield Protection plans. Prevented planting payments do not exist for Group Risk Plan (GRP) and Group Risk Income Plan (GRIP). When considering prevented planting for a specific farm, a crop insurance agent should be contacted. Also, as further describe below, a farmer is not eligible for enterprise unit premium discounts if no planting occurs.

Final Planting Date

A key date relative to prevented planting is the final planting date. In Ohio, the final planting date for corn is June 5 for all other counties. For soybeans, the final planting date is June 20

Farmers can take prevented planting payments once the final planting date has been reached if planting has been delayed because of insurable causes. However, reaching the final planting date does not mean a crop cannot be planted. A crop can be planted; however, there will be a lower guarantee. Details on these provisions are provided below in the “Planting after the final planting date” section.

Prevented Planting Payments

Unless a higher prevented planting option has been selected at crop insurance signup, prevented planting payments equal 60 percent times the coverage level times the projected price times the Actual Production History (APH) yield. As an example, take a corn RP policy with an 80 percent coverage level having a 150 bushel APH yield. The 2011 base price is $6.01 per bushel. The prevented planting payment equals $432 per acre (60 percent x 80 percent coverage level x $6.01 base price x 150 bushel APH yield). Higher options allow the 60 percent payment factor to be replaced with either 65 or 70 percent for additional premium costs.

There is a difference in prevented planting payments under RP in 2011 compared to revenue insurance with guarantee increases in 2010 (i.e., CRC and RA with the harvest price option). In 2010, the higher of the projected or harvest price was used in calculating prevented planting payments. In 2011, only the projected price is used in calculating prevented planting payments.

If a prevented planting payment is taken, a farmer cannot plant another crop during the late planting period consisting of 25 days following the final planting date. After 25 days, another insured crop can be planted, usually resulting in a reduction in prevented planting payment to 35 percent of the original payment. In double-crop situations, obtaining the entire prevented planting payment while planting soybeans may be possible. Read the rest of this entry »

Apr
4

Important Crop Insurance Dates

by Greg LaBarge, Fulton County

Crop insurance has some hard dates that affect eligibility that producers should have in mind going into this new season. Planting date s for eligibility for replant provisions are one area that cam into question for 2010 with the early planting season. For 2011 the dates of April 6 will not be a problem for corn but the date of April 21  for soybeans should be in the back of your mind.  2011 is starting off cool and we may want to maintain our replant eligibility for this year.

Mar
3

Covering Two Crops with Insurance in One Year Requires Waiver

by Greg LaBarge, Fulton County

Farmers need to be aware of the Federal Crop Insurance (FCI) regulations on harvesting a second crop in a single season. If a crop is harvested and a second crop planted, the second crop may not be insured without further action.  For example, a farmer decides to plant soybeans after one cutting of alfalfa.  In this example, the soybeans may not be insured even if planted before the final soybean planting date of June 20, 2011.  If the alfalfa were destroyed without harvesting and the same acres were timely planted to soybeans, the soybeans may be insurable.

Farmers are encouraged to contact their local private insurance agent. A FCI “written” agreement may be obtained to permit harvest of a first crop and insuring the subsequent crop. However, time is running out.   The final FCI deadline for Spring planted crops is March 15, 2011. According to John Gaynor, a USDA Farm Service Agency (FSA) director, farmers need to be prepared to report the same crop acreage use to FSA as they would to their FCI agent.

Several USDA disaster programs administered through FSA require all insurable crops to be insured.  The situation of harvesting two crops from the same acreage in the same crop year could jeopardize eligibility for disaster programs, including the FSA Supplemental Revenue (SURE) program.   Many farmers are good stewards of the land by planting winter cover crops. As long as the winter cover crop is not harvested in any manner, the final crop planted for harvest should be insurable. (See a previous post on cover crops)  To be sure, farmers are encouraged to contact their FCI agents to double check the FCI regulations with respect reporting, harvesting, and associated deadlines or “written” agreements.

Feb
17

Decision Making Resources for Crop Insurance

by Greg LaBarge, Fulton County

With the March 15, 2011 deadline to sign up for crop insurance  just around the corner for our spring planted crops you will be looking to make some decisions. Cost will be considerable higher when compared to 2010 and new insurance options exist as well,  so do not wait to start looking at the options. Some great on-line tools can be found from the University of Illinois which include options that provide pricing for Ohio county scenarios.

The Crop Insurance section of farmdoc has online 2011 Crop Insurance Premium Calculators. Also available for download is the 2011 Crop Insurance Decision FAST Tool, a Microsoft Excel spreadsheet useful in premium estimation and crop insurance evaluation.

The 2011 iFarm Crop Insurance Payment Simulator returns estimates of premiums, frequency of payments, average payments, net costs, and risk reductions associated with alternative crop insurance products and election levels.

On Demand Webinars are also available describing the new COMBO product.  Don’t miss the presentation entitled “Crop Insurance and Risk Managements Strategies for 2011” which gives suggestions for choices of crop insurance products.

All of these farmdoc Crop Insurance resources are available at: http://www.farmdoc.illinois.edu/cropins/index.asp

Jan
28

USDA/RMA OFFER INSUREDS AN OPPORTUNITY TO INSURE CROPS FOLLOWING COVER CROPS

by Greg LaBarge, Fulton County

One of the hidden issues of cover crops have been how this practices affects crop insurance for corn and soybeans as a following crop. Recently USDA Risk Management Issued guidance on this issue for our region which clarifies a process to assure coverage for a corn or soybean crop following a cover crop. A factsheet more complete details can be found at: http://www.rma.usda.gov/fields/il_rso/2011/covercrops.pdf

Some  quick details below are an except from USDA-RMA Newsrelease 1/24/2011:

Generally, in the Springfield RO region, insurance is not available for corn or soybeans following another crop (i.e. cover crop) that has reached the headed or budded stage or that has been harvested in the same calendar year. If the cover crop growth is not terminated before reaching the headed or budded stage or the cover crop is harvested in the same calendar year, insurance may now be available through a Written Agreement provided certain criteria are met.

To request a Type/Practice Written Agreement to insure a crop following a cover crop, insureds should speak with their crop insurance agent. Insureds must submit a completed Request for Actuarial Change form; a completed Actual Production History (APH) form with separate databases for the “following a cover crop” practice; the location of the acreage where the practice is being used; the type of cover crop being grown; and the method of cover crop termination (if the termination has occurred at the time of the request).

If approved by RMA, the Written Agreement will specify a rate, a transitional yield (by crop) for the acreage, and that the cover crop growth must be terminated by May 15th of the current crop year. Producers may consider this offer and accept or decline coverage.