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5 Things to Keep in Mind During Planting Season

Date: 
Author: 
Kevin Christenson
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Articles
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Grain
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Every year as we look to spring planning, there are a few things we need to keep in mind:
 
Stay Safe and Healthy.
When we start our field work, based off of the 5 year planting progress average, we are going to be behind in crop planting. We need to remember safety as we hit the fields in the spring. It will be hard not to work around the clock when the ground is ready. However, we need to make sure we are stopping to take a breath and take care of ourselves as we get spring work underway. This may require that we will listen to family members when they tell us to rest. In today’s cropping operations, we have the ability to plant an impressive number of acres in a short window. Let’s make sure our team stays safe this spring, and lead by example.
 
Multiple-Peril Policies.
The Multi-Peril crop insurance provisions has final planting dates on all insured crops which allows for full coverage under the policy provisions. The planting dates do vary by state, county, and crop.  It is important to keep those dates in mind.
 
Each insured crop has a final plant date. All crops planted before that day will be eligible for full indemnity coverage on the planted crop. The following day, we enter the late planting period. A producer may plant in that period; however, each day that passes a 1% reduction of the base guarantee will be applied. Each crop will have a late planting period, which for most counties and crops is 25 additional days. If you are unsure of your dates, check with your crop insurance agent.
 
We always hope planting goes smoothly; however, we never know what Mother Nature has in store for us. If wet weather turns out to be an issue that prevents us from planting, the multiple peril policy has language to provide coverage on qualifying acreage. The prevented plant coverage allows for a potential indemnity payment; on corn it is 55% of the base guarantee amount and 60% of the base guarantee on soybeans.
 
Prevent Plant.
The decision to file a prevent plant can be made at any time after the final plant date all the way through the late planting period. The notice must be filed no later than 72 hours of the decision to stop planting the crop for the given year and may not be filed prior to the final plant date. The filing of a prevented plant claim does not prevent the operation from planting in the late plant period. There are several policy provisions to reference as it pertains to prevented plant claim. 
 
These are hard and fast rules that have to be followed in determining a potential prevent plant claim. One of the loss adjustment provisions is on eligible acres. The highest number of planted acres for the crop during the last 4 crop years is one limiting factor. There is also a provision that allows for a slight increased eligibility based on added acreage for the next crop year. It is key that there is open and constant communication between the producer, agent and the loss adjuster.
 
Replant.
Every year we know there are situations where we need to replant an insured crop. The Multi-Peril crop insurance policy provides coverage for replanting back to the same crop. If replanting conditions arise, the first step is to file a claim with your crop insurance agent. This needs to be done prior to the crop being replanted. The adjuster will give approval and start the claims process for potential payments. The policy provisions which provide a reimbursement of expense, is calculated differently for corn and soybeans. When calculating corn reimbursement, it cannot exceed 8 bushels, multiplied by the corn projected price. In contrast, soybeans cannot exceed 3 bushels when multiplied by that projected price.
 
Utilize your Resources.
Remember, in any potential claim situation notify your agent and seek approval from the adjuster before taking action. Also keep in mind that your crop insurance agent is a resource to utilize year round. If you have any questions on your coverage or need to clarify deadlines, I encourage you to reach out to your agent. Maintaining open and honest lines of communication with your crop insurance agent will help alleviate any confusion or worries as you face the growing season.
 
I wish you all a safe planting season, and a prosperous harvest.
 
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