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Crop Talk
by the Crop Insurance Specialists
The storm season is upon us. As a producer, some things to consider during this time of year are crop hail insurance, replanting options, and acreage reporting.
Crop hail insurance adds value to complete risk management plan. This coverage may be used in conjunction with MPCI, or as a stand alone policy to insure total crop value and uninsurable crops from the perils of hail, wind and fire. Crop/hail coverage can be bound and in force two hours from the time of request. This comes in handy when the sky turns green. If you have chosen the Enterprise Unit Structure and you are concerned about spot loss protection, Crop Hail insurance can provide you this protection.
Over the last several years we have seen numerous occasions where producers have had a need to replant. We all hope that we are not in that situation again. However, here are some things to remember if you need to replant.
- Contact your agent to turn in a loss.
- Wait for an adjuster to contact you and approve a replant before you inter-seed, destroy, or replant a crop.
Once you have completed planting all spring crops, remember to utilize your map book to report your acres to your crop insurance agent and FSA office. Key things to remember when reporting acres using your map book are:
- Crop planted
- Plant date
- Your percent of interest in the crop
- Other shareholders
- Sign the report correctly for the entity type insured (Ex: Smith Brothers Farms Inc, by Joe Smith, President)
We hope everyone has a successful spring planting season. If you have any questions about Crop Insurance or any of the above items please contact your local Frontier Farm Credit Insurance Specialist or call our dedicated toll free number (888)598-8329. Thanks for your business with Frontier Farm Credit.
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