Internet Banking Login

Login
Access ID:
 
First Time User Login Questions
   

Crop Insurance

2013 Crop Insurance Calculations

With Federal Crop Insurance, every year is different, and with the multiple options available to producers, there are many variable results from crop insurance coverage at harvest time. 2013 will be no different, with some producers choosing Yield Protection (YP) policies (yield only) versus Revenue Protection (RP) policies (yield and price), and also having differences in the level of coverage chosen, “optional units” or “enterprise units”, etc. that affect final insurance payments. [ read more ... ]

 

2013 Crop Insurance Payments

Some farm operators in Minnesota, Iowa, and surrounding States will be facing reduced yields on some farm units in 2013, due to very late planting, severe storms, and very hot and dry weather late in the growing season. With Federal Crop Insurance, every year is different, and with the multiple options available to producers, there are many variable results from crop insurance coverage at harvest time. 2013 will be no different, with some producers choosing Yield Protection (YP) policies (yield only) versus Revenue Protection (RP) policies (yield and price), and also having differences in the level of coverage chosen, “optional units” or “enterprise units”, etc. that affect final insurance payments. [ read more ]

 

Support For Crop Insurance

Many farm operators across the upper Midwest are facing some crop loss in 2013, due to late and prevented planting this past Spring, and now from very hot, dry weather late in the growing season in some areas. There will undoubtedly be large financial losses to some farm operators in many areas, as well as with associated businesses, and in local communities. The drop in corn and soybean market prices, compared to recent years, will also lead to further financial loss for affected farm operators. The financial losses to corn and soybean producers in 2013 will be somewhat mitigated for farm operators that carry Federal Crop Insurance coverage. [ read more ... ]

Prevented Planting Options

It’s hard to believe that a mere two to three months ago we were still talking about continued drought in much of the Upper Midwest. Now, in some areas of Southern Minnesota and Northern Iowa wet field conditions and delayed crop planting has become so severe that producers are considering not planting a portion of their crops in 2013. As of June 1, thousands of intended corn acres are still unplanted in the Southeast quarter of Minnesota, and adjoining areas of Northern Iowa and Western Wisconsin. Very few soybeans have been planted in this region as well, and a significant amount of soybeans also still remain to be planted in many other areas of the Upper Midwest. Producers in the affected areas are now evaluating their crop insurance options for late or prevented planting coverage. [ read more ... ]

 

Trend-Adjusted APH Yield Option

Now is the time to start planning crop insurance strategies for the 2013 crop year, even though the crop insurance enrollment deadline for corn, soybeans, and spring wheat in the Upper Midwest is not until March 15, 2013. For the first time in 2013, wheat producers in most of West Central and Northwest Minnesota, Northeast South Dakota, and most of North Dakota will be eligible for the TA-APH endorsement. The TA-APH will likely be quite attractive to many Midwest corn and soybean producers, as well as wheat producers in those selected areas. The coming crop year will likely feature a high level of price volatility, along with considerable drought risk in many areas of the Midwest. [ read more ... ]

 

2012 Crop Insurance Considerations

With Federal Crop Insurance, every year is different, and with the multiple options available to producers, there are many variable results from crop insurance coverage at harvest time. 2012 will be no different, with some producers choosing Yield Protection (YP) policies (yield only) versus Revenue Protection (RP) policies (yield and price). Producers also have differences in the level of coverage, and some producers chose “optional units”, while other producers chose “enterprise units” for 2012. [ read more ... ]

 

Crop Insurance Key To risk Management

Many farm operators across the upper Midwest are facing the most severe crop loss since 1988, with some producers facing the most significant drought since the 1930’s. There will undoubtedly be large financial losses in many areas of the regions to farm operators, associated businesses, and local communities, even in some portions of Southern Minnesota. However, the financial losses to corn and soybean producers in 2012 will be somewhat mitigated by Federal Crop Insurance coverage. [ read more ... ]