This is Lonnie Sewell with this week’s crop insurance update. Favorable weather has allowed the combines to roll. Several people starting to finish and several acres of wheat being planted. Remember Oct 31 is the final date to get the full guarantee. We get a 1% reduction per day after Nov 1.
Don’t forget to turn in your yields for the 2007 Crops. Then if you have questions about 2008 costs or guarantees, your agent will have the information they need to give you an accurate quote. Also we will be having our next machinery consignment auction Monday Dec 3rd at Rafter C 8 miles west of Chillicothe. If you have items to sell give us a call or go on our website at sewellauction.com. This is usually one of our largest auctions. For more information call 800-281-4020 your connection to crop protection.
Wednesday, October 31, 2007
Thursday, October 25, 2007
Week#25 Important Dates for Wheat
Hi! This is Tanya Stimpson with this week’s crop insurance update. This week’s topic is important dates for Wheat policies and brought to you by The Sewell Agency in Chillicothe.
October 31st is the last day to plant wheat. You can plant after this day with 1% penalty on your yield guarantee per day late. So example you plant November 5th you will loss 5% of your guarantee.
November 30th is the last day to report your wheat acres to your agent. You do need to report to FSA first and then go to your agent and report. All this needs to be into the agent by the last day of November. So go ahead and report as soon as you are done harvesting. The rainy days are perfect for taking care of your insurance needs.
November 30th is also the last day to turn in a request to do sod breaking. Meaning if you have a pasture or some land that has not been farmed, besides CRP, and you have decided to farm it, you have to ask for insurance on that land prior to reporting acres. This is a form you need to sign and we send into RMA for approval and they send back. So it does take time so if you have planned on doing some sod breaking, visit with your agent to get this started.
Just a small note about spring crops, once you are done harvesting, get your agent your yields as soon as possible.
View this update and others online at blog4020.blogspot.com or call 800-281-4020 your connection to crop protection.
October 31st is the last day to plant wheat. You can plant after this day with 1% penalty on your yield guarantee per day late. So example you plant November 5th you will loss 5% of your guarantee.
November 30th is the last day to report your wheat acres to your agent. You do need to report to FSA first and then go to your agent and report. All this needs to be into the agent by the last day of November. So go ahead and report as soon as you are done harvesting. The rainy days are perfect for taking care of your insurance needs.
November 30th is also the last day to turn in a request to do sod breaking. Meaning if you have a pasture or some land that has not been farmed, besides CRP, and you have decided to farm it, you have to ask for insurance on that land prior to reporting acres. This is a form you need to sign and we send into RMA for approval and they send back. So it does take time so if you have planned on doing some sod breaking, visit with your agent to get this started.
Just a small note about spring crops, once you are done harvesting, get your agent your yields as soon as possible.
View this update and others online at blog4020.blogspot.com or call 800-281-4020 your connection to crop protection.
Wednesday, October 17, 2007
Week#24 Rain Delays
This is Lonnie Sewell with the Sewell Agency in Chillicothe bringing you this week’s crop insurance update.
Rain delays have slowed harvest, and are preventing wheat planting. You might take this time to review scale tickets on crops you have harvested and any units close to having a bushel loss should be turned in for a potential revenue loss.
If you have a Revenue Policy, an easy way to see if you have a loss is to multiply your harvested bushel X $4.06 for corn and $8.09 for soybeans. Then compare that to your summary of coverage on that unit.
The Harvest Price has not been set yet but corn will most likely be lower than the $4.06 that was set this spring. That means we could pickup a few dollars even if we met our bushel Guarantee.
Wheat planting – we lose 1% per day guarantee after 10-31. Be sure to record daily planting after 10-31 to minimize your guarantee reduction.View this and other Crop Insurance update online at blog4020@blogspot.com. If we can help you with your crop insurance needs phone 800 281 4020 your connection to crop protection.
Rain delays have slowed harvest, and are preventing wheat planting. You might take this time to review scale tickets on crops you have harvested and any units close to having a bushel loss should be turned in for a potential revenue loss.
If you have a Revenue Policy, an easy way to see if you have a loss is to multiply your harvested bushel X $4.06 for corn and $8.09 for soybeans. Then compare that to your summary of coverage on that unit.
The Harvest Price has not been set yet but corn will most likely be lower than the $4.06 that was set this spring. That means we could pickup a few dollars even if we met our bushel Guarantee.
Wheat planting – we lose 1% per day guarantee after 10-31. Be sure to record daily planting after 10-31 to minimize your guarantee reduction.View this and other Crop Insurance update online at blog4020@blogspot.com. If we can help you with your crop insurance needs phone 800 281 4020 your connection to crop protection.
Friday, October 12, 2007
Week # 23 Claims and Harvesting
Hi! This is Tanya Stimpson with this week’s crop insurance update. This week’s topic is Spring Crop Claims and Harvesting, brought to you by The Sewell Agency in Chillicothe.
Most of you are almost done harvesting your corn and have started on your beans by now. Even with the dry weather we received this summer all crops seem to be yielding better than expectations. But there are some corn and bean losses out there. If you should suspect that your yield is low and you have a loss call your agent and get it turned in. The adjusters will work with you to figure whether you do or not. They would like for your claims to be turned in 15 days after your harvest so they can get started on your claim work. The sooner you can get it into me the sooner they can get it finished so in turn the sooner you get paid.
If you are done with your corn harvest, I suggest that on any wet days you have, gather your yields and call them into your agent so your production history yields can be updated. This also gives us opportunity to help figure if you might be close to a claim. The adjuster does have the final say but if you are close we can defiantly turn it in.
View this update and others online at blog4020.blogspot.com or call 800-281-4020 your connection to crop protection.
Most of you are almost done harvesting your corn and have started on your beans by now. Even with the dry weather we received this summer all crops seem to be yielding better than expectations. But there are some corn and bean losses out there. If you should suspect that your yield is low and you have a loss call your agent and get it turned in. The adjusters will work with you to figure whether you do or not. They would like for your claims to be turned in 15 days after your harvest so they can get started on your claim work. The sooner you can get it into me the sooner they can get it finished so in turn the sooner you get paid.
If you are done with your corn harvest, I suggest that on any wet days you have, gather your yields and call them into your agent so your production history yields can be updated. This also gives us opportunity to help figure if you might be close to a claim. The adjuster does have the final say but if you are close we can defiantly turn it in.
View this update and others online at blog4020.blogspot.com or call 800-281-4020 your connection to crop protection.
Friday, October 5, 2007
Week # 22 Wheat Planting and Spring Crop Harvesting
Hi! This is Tanya Stimpson with this week’s crop insurance update. This week’s topic is Wheat Planting and Spring Crop Harvesting brought to you by the Sewell Agency in Chillicothe.
As a lot of you were signing up for Wheat Insurance last month the questions mostly asked were “When is the last day to plant wheat and when do I have to let you know”. I looked up the answers for that and for the last day to plant wheat without penalty is October 31. Of Course you are still able to plant wheat after that day but you will receive a 1% penalty per day late. You need to have your wheat acres reported to me by November 30th. There is no late day lea way on this deadline. When you come into give me your acreage report you need to first go to FSA and report them there and bring me your certified FSA 578 form. I do recommend as soon as you are done planting go to FSA and report and then go ahead and come in here for me to update your policies. That gives us more time to fix errors if they come about.
You are probably wondering now where the harvest price is going to land for your corn and beans insurance. If you carry the CRC coverage on spring crops; Soybeans are running around $9.50 and Corn is running at $3.51, these prices will finalize at the end of October and will be anounce around November 15th. The RA coverage on spring crops will start running in November and be announced around December 15th.
View this update and others online at blog4020.blogspot.com or call 800-281-4020 your connection to crop protection.
As a lot of you were signing up for Wheat Insurance last month the questions mostly asked were “When is the last day to plant wheat and when do I have to let you know”. I looked up the answers for that and for the last day to plant wheat without penalty is October 31. Of Course you are still able to plant wheat after that day but you will receive a 1% penalty per day late. You need to have your wheat acres reported to me by November 30th. There is no late day lea way on this deadline. When you come into give me your acreage report you need to first go to FSA and report them there and bring me your certified FSA 578 form. I do recommend as soon as you are done planting go to FSA and report and then go ahead and come in here for me to update your policies. That gives us more time to fix errors if they come about.
You are probably wondering now where the harvest price is going to land for your corn and beans insurance. If you carry the CRC coverage on spring crops; Soybeans are running around $9.50 and Corn is running at $3.51, these prices will finalize at the end of October and will be anounce around November 15th. The RA coverage on spring crops will start running in November and be announced around December 15th.
View this update and others online at blog4020.blogspot.com or call 800-281-4020 your connection to crop protection.
Week #21 Harvesting and reviewing coverage levels.
This is Lonnie Sewell with this week’s crop insurance update, brought to you by the Sewell Agency in Chillicothe committed to informing farmers about crop insurance.
Well I finished with my corn harvest last week and it was better than I thought it would be. I hope most of you found the same. Soybeans are turning fast several acres being harvested now. If you have any units close to your insurance guarantee, be sure and turn in a claim. If you don’t have a claim it can be withdrawn later.
Wheat signup has passed; I hope you took the time to review your coverage levels. 70% RA was the most popular option this year because of the $1.50 per bushel limits on CRC and the large spread between cash wheat and the July 2008 futures. RA or Revenue Assurance looked to be the best.
View this update and others online at Blog4020.blogspot.com. If you have crop insurance questions call Tanya or myself at the Sewell Agency phone 800 281 4020 your connection to crop protection.
Well I finished with my corn harvest last week and it was better than I thought it would be. I hope most of you found the same. Soybeans are turning fast several acres being harvested now. If you have any units close to your insurance guarantee, be sure and turn in a claim. If you don’t have a claim it can be withdrawn later.
Wheat signup has passed; I hope you took the time to review your coverage levels. 70% RA was the most popular option this year because of the $1.50 per bushel limits on CRC and the large spread between cash wheat and the July 2008 futures. RA or Revenue Assurance looked to be the best.
View this update and others online at Blog4020.blogspot.com. If you have crop insurance questions call Tanya or myself at the Sewell Agency phone 800 281 4020 your connection to crop protection.
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