Hi! This is Tanya Stimpson with this week’s crop insurance update. This week’s topic is Spring Base Price and Production Reports and brought to you by The Sewell Agency in Chillicothe.
Feb 1 was the starting time on keeping track of spring prices for Corn & Soybeans. For Soybeans they use the Feb Average of the November Futures and For Corn They use the Feb Average of the December Futures. At the end of Feb first of March they will release to us what our Spring Base price for Corn and soybeans will be. Then you have until March 15th to sign up for a new policy or change an existing Policy.
Before all of this spring excitement hits, your agents need your 2007 Corn and soybean production history turned in so they can give you accurate quotes for your 2008 insurance. So call or come by today to turn those productions in.
The Sewell Auction Service will be conducting a farm consignment auction Monday March 3rd so call us today to consign any items you may want to sell at this Farm Auction. View this update and others online at blog4020.blogspot.com. If we can help you with your crop insurance needs phone 800 281 4020 your connection to crop protection.
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