Wheat Sales Closing

This is Tanya Stimpson with this weeks crop insurance updated brought to you by the Sewell Agency in Chillicothe and ASI Insurance.
Wheat signup is coming near. You have until September 30th to sign up for wheat coverage. This is also the time to make any changes to your current Wheat insurance policies. The base price on wheat for CRC is running at $5.29 and the RA is at $5.42. The CRC and RA policies allow coverage on yield and price. First off if you have a low yield your claim would be paid on the base price of your policy which is the 5.29 or the 5.42 amount. Then at harvest time they run an average off of the Board of Trade and if it comes in higher than the lower than the base amount then the insurance will pick up the difference. Reminder the Base and Harvest Price is averaged off of the Board of Trade.
If you are signed up with any programs down at FSA you might visit with them on what all you need insured they do have programs that you are required to insure all of your crops.
During signup, take time to check over your policy information. Look at your policy type, spelling of your name, SS# and if your spouse is on the policy correctly. If you see any errors work with your agent to get them changed. Again you have until September 30th to change or sign up for the 2010 Wheat Insurance coverage’s.
If you have any questions or if we can help you with your crop insurance needs call 800 281 4020 your connection to crop protection.