Hi! This is Lonnie Sewell with the Sewell Agency bringing you this week’s crop insurance update.
This week we have had a lot of calls about replanting Corn. Buy up crop insurance pays 8X the bushel price which on Corn is $4.06 or a total of up to $32.50 per Acre.
However most of the calls have been about prevented planting. For corn, June 5th is the date. If the ground is truly unplantable, you should be eligible for a prevent plant payment. There are some guidelines such as regardless how many acres you intended to plant to corn this year. Your prevent plant for corn will be limited to the maximum number of corn acres you have planted in any of the previous 4 years, unless you have added land for 2007. Then you will be eligible for increased acres. We hope you have a good week farming. This update was brought to you by the Sewell Agency in Chillicothe. Phone 800-281-4020 your connection to crop protection.
Wednesday, May 30, 2007
Week 3 Corn & the Flood
This is Lonnie Sewell with the Sewell Agency in Chillicothe with this week’s crop insurance update.
Let’s talk about planted corn that has flooded or washed out. If the ground won’t plant by June 5th you may qualify for a final claim. If you choose not to plant to another crop such as soybeans or Milo you should get 100% of your guaranteed indemnity for corn.
If you choose to plant another crop after June 5th your corn claim and premium will be reduced to 35% of your guarantee and the second crop will be insurable. But be careful this will affect your APH or average yield. It may not be worth the 35% payment to have a “0” in your yield history and be sure to work with the numbers before you plant a second crop. The 65% payment you lose might be more than the second crop will make. This is the Sewell Agency in Chillicothe phone 800-281-4020. Your connection to crop protection.
Let’s talk about planted corn that has flooded or washed out. If the ground won’t plant by June 5th you may qualify for a final claim. If you choose not to plant to another crop such as soybeans or Milo you should get 100% of your guaranteed indemnity for corn.
If you choose to plant another crop after June 5th your corn claim and premium will be reduced to 35% of your guarantee and the second crop will be insurable. But be careful this will affect your APH or average yield. It may not be worth the 35% payment to have a “0” in your yield history and be sure to work with the numbers before you plant a second crop. The 65% payment you lose might be more than the second crop will make. This is the Sewell Agency in Chillicothe phone 800-281-4020. Your connection to crop protection.
Week 2 Buy Up Crop Insurance
Hi! This is Lonnie Sewell of the Sewell Agency in Chillicothe with our 1st of a series of Crop Insurance informational updates.
What a difference a week makes. 1 week ago the most talked about thing involving crop insurance was what to do about the wheat but with all the flooding I think I had better talk about our options and what we can do or can’t do.
Right now if you have buy up crop insurance meaning something more than a Cat Policy and you had a crop planted and it was damaged by all the rain or is still underwater all you can turn in is a replant claim today. I know what some of you are thinking, Replant! My farm is 5’ under water! But until June 5th for corn and 20th for soybeans the government expects us to try to get a crop planted. After that date we have some options. Such as final settlement, then go to another crop of leave it bare. On the ground not planted more options. Prevent plant. Prevent plant then go to another crop. We will discuss these options next week. Be sure to contact you r agent for more information. This message was brought to you by The Sewell Agency in Chillicothe. Phone 1-800-281-4020, your connection to Crop Protection.
What a difference a week makes. 1 week ago the most talked about thing involving crop insurance was what to do about the wheat but with all the flooding I think I had better talk about our options and what we can do or can’t do.
Right now if you have buy up crop insurance meaning something more than a Cat Policy and you had a crop planted and it was damaged by all the rain or is still underwater all you can turn in is a replant claim today. I know what some of you are thinking, Replant! My farm is 5’ under water! But until June 5th for corn and 20th for soybeans the government expects us to try to get a crop planted. After that date we have some options. Such as final settlement, then go to another crop of leave it bare. On the ground not planted more options. Prevent plant. Prevent plant then go to another crop. We will discuss these options next week. Be sure to contact you r agent for more information. This message was brought to you by The Sewell Agency in Chillicothe. Phone 1-800-281-4020, your connection to Crop Protection.
Friday, May 18, 2007
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