This is Tanya Stimpson with this week’s crop insurance update brought to you by Sewell Agency. This week’s topic is PRF farmers meeting and RA insurance.
November 14th 7:30am at Grand River Inn we, at Sewell Agency along with David MeNeely CED of the Livingston county Office will be having an educational Farmers meeting on the new Pasture and Hay land Insurance that has come to Mo. David will be talking about the Sure and Disaster Programs and we will hit on the new Pasture and Hayland Drought coverage. Breakfast will start at 7:30 and the meeting will begin at 8am RSVP is not required but is really appreciated. You can call us at 1-800-281-4020.
With the price of the spring crops down everyone is talking about their Revenue insurance and how does it work. It does not matter what you get out of your beans you can be selling it now at the elevator for $5-$6 or you could have contracted them for $15. The insurance goes off of the Chicago Board of Trade and the harvest price came in at $9.22. Example is you were guaranteed $375. per acre your original yield guarantee is 28 bus per acre. You now take the $375 you are guaranteed and divide by the new price of $9.22 which gives you your new bushel guarantee of 40.6 bus per acre. Now if your yield falls below the 40.6 bus per acre you have a claim.
One final thing the wheat acreage reports are due to your agent by the end of November. Even if you have zero acres planted let us know.
Remember you can view all of the updates at Blog4020@blogspot.com or call The Sewell Agency at 800-281-4020 your connection to crop protection.

Wheat AR & Spring Crop PR & Farmers Meeting

This is Tanya Stimpson with this week’s crop insurance update brought to you by Sewell Agency. This week’s topic is wheat Acreage reports, corn and bean production report and information on a farmers meeting for Pasture and Forage coverage.
There has been some heavy field work this week. With this also come records. Wheat has to be planted by October 31 and then reported to your insurance agent by end of November. And as you are cutting your beans and corn, keep your yields out and the first rainy day get them reported to your agent. It does not take a lot of time and then you will be able to put those tickets away. For claim purposes you have 15days from the last harvest day per unit to turn your yields and claim into your agent.
We are working together with David MeNeely CED of the Livingston county Office to put on a farmers meeting November 14th @ 7:30AM. David will be talking about the Sure and Disaster Programs and we will hit on the new Pasture and Hayland Drought coverage. RSVP is not required but is really appreciated. You can call us at 1-800-281-4020.

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.

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

Wheat signup is coming to a close the end of September. We must apply or make any changes soon. Whether you intend to plant wheat or not, you may want to apply for coverage to maintain eligibility in the Disaster Program.

Also, a new Rainfall Index Program is available for 2009 on pasture and hay ground. Sign up ends November 30th. You may also need to be signed up in this plan to qualify for future FSA programs. More on this in our next up-date.

For more information, phone the Sewell Agency at 660-646-4020. Your Connection to Crop Protection.

News Flash! ...

This is Lonnie Sewell with a special crop insurance news flash. The RMA (Risk Management Agency) has just released a bulletin saying the Crop Insurance reporting date has also been moved back to August 15th. This is great news for all of us. Now we will have more time to make decisions about prevent plant and have time for the FSA to certify our acres before making our acreage report. Remember, no other dates have changed. If you are filing prevent plant corn, you must turn in a notice of loss no later than June 30th and for soybeans it's July 15th. No late filed claims will be paid. Also, if you have any kind of a loss, even a replant, they cannot be processed until you have completed your acreage report.

The Sewell Agency, phone 660-646-4020. Your Connection to Crop Protection!

Update! Washington News Release

WASHINGTON, Jun 24, 2008 - RMA has announced it will allow additional time, until Aug 15, 2008, for submitting acreage reports for all 2008 crop year spring-seeded acreage in areas impacted by flooding and extreme weather conditions, because of the difficulty in timely reporting due to disruptions in communications and other important infrastructure.

This additional time applies to spring-seeded crop acreage for all counties in Iowa, Illinois, Indiana, Kansas, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin.

"Insured producers are still encouraged to report acreage at their earliest opportunity," said RMA Administrator Eldon Gould. "This is because claims cannot be completed until acreage reports have been filed and liability established."

Producers are encouraged to contact their crop insurance agent for more information.

* The preceding was taken in whole from the Dept. of Agriculture RMA webpage (rma.usda.gov/news/2008/06/acreagereports.html)

Dates & Requirements for Crop Insurance

This is Lonnie Sewell with this week's crop insurance update, brought to you by the Sewell Agency and ASI Crop Hail Insurance.

Do you ever remember a planting season with so many different challenges? I'm not sure I do.

I am going to go over some dates and requirements we don't want to forget this Spring.

• If you have unplanted land that was going to corn, you need to turn in a prevent plant claim before June 30th.
• If you are trying to claim prevent plant corn and then plant soybeans, which over all I don't think is a good idea, be sure you have a good understanding of all the dates, rules and penalties. As soon as you finish planting, go to the FSA and certify your acres. Then, report to your crop insurance agent. His report date has not been extended.
• Any beans planted after June 20th, keep a daily log so you can minimize your guarantee reduction.

Remember, when reporting plant dates, you only report the original plant date on a replant. If you replant after June 20th, there is no reduction.

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

Your Connection to Crop Protection!