IMPORTANT: By signing the acreage report, you are responsible for all information listed, therefore ACCURACY IS IMPORTANT!!
ENTITIES: It is advised by the FSA office that any change of entities must be done there first before changing your crop insurance policy. All information MUST match.
NOTICE OF LOSS: Important, if a notice of loss needs to be filed, call Midwest Crop Insurance, do NOT call the adjuster. FCIC requires all claims to be reported to your agent or the office first.
DEADLINES:
July 15th: RMA deadline to sign, date and return your Spring Acreage Report to Midwest Crop Insurance. UNLESS you are still planting and show acreage at the FSA office as planted after the deadline.
May 31st: Final plant date for corn. With a 1% daily reduction of guarantee to June 20th, after June 20th you will receive the Preventive Planning guarantee. If planting within the late plant period the acres and plant date must be listed for each day.
June 20th: Final plant date for soybeans/grain sorghum (milo). With a 1% daily reduction of guarantee to July 15th, after July 15th you will receive the Preventive Planting guarantee. If planting within the late plant period the acres and plant date must be listed for each day.
After you turn in this ACREAGE REPORT, a SUMMARY OF COVERAGE for 2011 will be mailed to you. It is based on the information you have provided to us on your ACREAGE REPORT. A PRODUCER PRINT FROM THE FSA OFFICE WILL BE REQUIRED TO CORRECT ANY REPORTING ERRORS.
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Recently we have had several questions regarding potential Preventile Planting (PP) claims. First question that always comes up centers around the notice of loss:
In the event you are prevented from planting an insured crop you must notify us within 72 hours after the final plant date for that crop. AN ADJUSTER MUST DOCUMENT YOUR FIELD TO PROVE TO FEDERAL CROP THAT ON THAT DATE YOU WERE PREVENTED FROM PLANTING. This applies if you do not intend to, or will not be able to, plant the insured crop during the late planting period.
To file PP it must be common in your area, and also to qualify it has to be 20 acres or 20% of the unit. Insured’s who have increased their prevent plant coverage will be paid 70% of their liability (guarantee); if you have not increased your prevent plant coverage you will be paid 60% of your liability (guarantee). “CAT” policy holders qualify only for 60% of their liability (guarantee). Under the 2011 Basic Provisions, prevented planting payments for YP (Yield Protection..formerly MPCI) and RP (Revenue Protection) will be based on the projected price only.
If you are prevented from planting a crop for which you do not have an adequate base of eligible prevented planting acreage, the claim department will use acreage from another crop insured for the current crop year for which you have remaining eligible prevented planting acreage. The crop first used for this purpose will be the insured crop that was prevented from being planted. If there are still insufficient eligible prevented planted acres, the next crop used will be the insured crop that would have the next closest prevented planting payment. REMEMBER: starting with the 2011 crop year, the PP payment may not exceed the amount payable for the crop that was prevented from being planted.
Regardless of the number of determined eligible acres, prevented planting coverage WILL NOT be provided for any acreage:
1. IF ANY crop is planted within the late planting period, or prior to the final planting date, on the ground that you filed a preventive planting claim.
2. UNLESS, the crop planted is an acceptable cover crop, or you derive no benefits from this crop including USDA benefits.
It is very important to remember, in order to collect 35% of the PP payment on corn you must wait until the END of the late planting period to plant a second crop. The late planting period is 20 days after the final plant date for the crop in question. Corn’s late planting period is June 1 to June 20 and Soybeans is June 21 to July 15.
Another important issue is that when you are paid for PP acres, the production reported for your APH in that year will be calculated accordingly. For example: If you file PP on the first crop (e.g. Corn) and you plant a second crop after the 20 day late plant period, the PP claim will be paid at 35% of the first crop PP payment and your APH will be 60% of the approved yield. Your premium will also be reduced to 35% on the first crop.
If you collect 100% of the PP payment your APH will not be affected. If a second crop is planted on the acres that was declared prevent plant on, those acres will show in your history with an assigned yield. However, you will be able to hay or graze this ground but not until on or after November 1st. If you plant, you will be subject to repaying 65% of the indemnity that was paid to you.
If you have any questions, please don’t hesitate to contact us.
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Starting with the 2011 crop year, all CRC and RA policies have been combined into one policy now known as Revenue Protection (RP).
RP offers protection against loss of revenue due to a production loss, price decline or increase, or a combination of both available on coverage levels 50% to 75% (80% or 85% where applicable).
Also starting in the 2011 crop year, all MPCI policies will now be known as Yield Protection (YP) policies. Yield Protection (YP) provides protection against a loss in yield due to nearly all natural disasters. It guarantees a yield based on the individual producer’s APH. Indemnities are paid at a price you elect prior to planting the crop.
The YP plan only provides protection against a production loss. Available on coverage levels 50% to 75% (80% or 85% where applicable).
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Per information received from Federal Crop, Final Planting Dates are not extended due to unfavorable planting conditions.
Preventive planting payments can be made if an insured cause of loss results in there being NO way into the field. If there is ANY way to get into the field, for example driving out of your way to get to the field, you will be expected to plant if the field is dry enough.
If you planted the first crop and it has failed your options would be:
If it is not practical to replant back to the first crop:
The acreage may be left idle, or plant a second crop and not insure the second crop, you will receive full indemnity for the first crop.
You can plant and insure a second crop. Your premium on the first crop will be reduced to 35%. And you will only receive 35% of the loss payment.
If the second crop has no loss, we will need a letter from you stating that. Once we receive that letter the company will restore your premium on the first crop to 100% and you will receive the remaining balance of your loss payment.
If the second crop has a loss, the claim adjuster will figure which will pay more.
If it is practical to replant the first crop and it is not replanted, no coverage for the first crop will be provided.
If you replant the first crop a replanting payment will be made.
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Final plant date for Corn is 5/31/11 and late planting period is 20 days.
Final plant date for Soybeans is 6/20/11 and late planting period is 25 days.
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Remember to always give your agent notice when you plan on cutting for silage or destroying any crop. If you destroy the crop without an appraisal from a claim adjuster, that is destroying the crop without consent and could eliminate you from collecting on any claims that could be filed.
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At this time you might want to check on hail coverage. With the strange weather patterns we have been having you never know when a hail storm could come and damage your crop. You can take out coverage or increase coverage as long as your crop has not been hailed on. Remember, hail coverage is not just for hail. Below are some of the items that a hail policy covers:
Green Snap or Wind coverage on Corn
Fire and Lightning
Transit Coverage
Vandalism and Malicious Mischief
Contact our office or your agent for more information.
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With the planting season going strong at this time, we need to remind everyone of the change in the plant dates for Missouri:
The final plant date for corn is now May 31st. With the late
planting period reduced from 25 days to 20 days. You will
still receive the 1% decrease in guarantee if you plant after
the deadline of May 31st. And, if you plant after the late
plant period you will receive your preventive planting guarantee.
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