News
Crop Talk
by Dave Taylor
Insurance Specialist
I hope this article finds all of you in the middle of a successful harvest. We have some spot loss situations due to hail, wind, flood, disease and in some cases, loss of nitrogen due to excess moisture. For the most part, however, I have heard about excellent yields. Please consider the following key points at harvest time:
- Keep production records by unit. Mark your grain bins and identify all scale tickets by unit. Split tickets are NOT acceptable in the event of a claim.
- Precision Farming & Yield Monitors may be used for APH purposes only, but in the event of a loss, hard copy records are required.
- If you suspect a loss, contact your FFC Crop Insurance Specialist immediately at (888) 598-8329.
- If a production loss is discovered during harvest, report this loss within 15 days of completion of harvest by crop.
- Please report your production as soon as harvest is complete, so your Crop Insurance Specialist can calculate your RA/CRC guarantees.
For those producers who are planting wheat for 2010, keep these points in mind:
- The crop insurance prices set by the RMA for 2010 are $5.42 per bushel for RA & CRC and $5.20 per bushel for MPCI. These prices are considerably lower than those set for 2009.
- If we have a delayed harvest, keep in mind the final plant date for wheat in your area. This varies by county, so you may need to visit with your Crop Insurance Specialist. If you plant after the final plant date, your crop is still insured but at a 1% reduction in guarantee per day, up to 15 days.
- The wheat acreage reporting deadline is November 30, 2009.
- Please be sure that all of your 2009 wheat production has been reported to your agent by the November 14, 2009 deadline. This is important to maintain yield and unit structure.
Have a safe and bountiful harvest and thank you for your business with Frontier Farm Credit.
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