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Friday, October 17, 2008

Wheat Season & Pasture/Hay Rainfall Coverage

This is Lonnie Sewell with this week’s crop insurance update. Brought to you by the Sewell Agency in Chillicothe and ASI Crop Hail Insurance.

Wheat signup is over and next will be acreage reporting. Be sure to report your planted wheat acres as soon as you have finished planting or have decided not to plant. The early price on wheat is over 8 dollars.

The harvest price on 2008 soybeans is half way through the month and is tracking in the mid 9 dollar range. That means we may have a revenue loss, even if we have an average yield. Be sure to check with your agent immediately after harvest. The length of time to report a claim is limited after the harvest of that unit.

Pasture and Hay Rainfall Coverage will be available for 2009, but you must sign up in November 2008. The premiums look pretty good. We will probably have some meetings on this soon.

For more information, phone the Sewell Agency in Chillicothe at 660-646-4020.

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