UNAVOIDABLE, UNINSURED LOSS

Beginning with the 2018 crop year, if an insured crop suffers a production loss due to damage from a third party or uninsurable fire (UUF), the insured my request that no actual yield be reported for the damaged acreage. As a result, UUF damage will not negatively impact the insured approved APH yield.

 

Unavoidable, Uninsurable Fire

Example:

Acceptable: Fire caused by third parties ( Driver throws lit cigarette out of a window).

Unacceptable: Fire caused by insured (insured set fire to brush pile which spreads and burns his crop).

Third Party Damage

Example:

A neighbor applies chemicals and the resulting spray drift damages in the insureds crop.

Notice of loss must be filed within 72 hours of the initial discovery of damage, but not later than the end of the insurance period.

 

PRACTICAL TO REPLANT

The RMA has revised the definition of practical to replant to state it will be considered practical to replant through:

1) the final planting date if no late planting period is applicable;
2) the end of the late planting period if the late planting period is less than 10 days; or
3) the tenth day after the final planting date if the crop has a late planting period of 10 days or more. The previous date was a presumptive date and is now reduced to no more than 10 days.

The RMA also added provisions for determining whether it is practical to replant so that approved insurance providers may consider circumstances as to whether:

1) it is physically possible to replant the acreage;
2) seed germination, emergence, and formation of a healthy plant is likely;
3) field, soil, and growing conditions allow for proper planting and growth of the replanted crop to reach maturity; or
4) other conditions exist, as provided by the Crop Provisions or Special Provisions. This will allow a proper balance between the interests of producers and the interests of the program

PREVENTED PLANTING CHANGES

The prevented planting +10 option for 2018 and forward is no longer available and has been removed.  The prevented planting+5 option (which allows you to buy-up your prevented planting guarantee by 5%) is still available.  If you currently have the +10 option it will automatically convert to the  prevented planting +5 for 2018.

LATE PLANT PERIOD FOR CORN

The late plant period for corn has been shortened from 25 days to 20 days.  After June 5th your guarantee decreases by 1% per day until June 20th.

YIELD CUP

In the past, if you had a 10% or greater decrease in your APH yield, a yield cup (YC) would automatically limit the reduction to 10%.  For spring 2018 the yield cup (YC) is an option which must be selected.  Carryover policies will automatically be converted to have the YC Option.

RAMP – REVENUE ACCELERATOR MAX PROTECTION

What is RAMP?

Ramp is a new product that allows producers the opportunity to boost revenues at specific risk levels within their risk management plans.

How Does RAMP work?

RAMP supplements the insured’s MPCI coverage and is designed to help provide additional coverage when production and/or revenue losses are just over or under an insured’s MPCI guarantee. 

RAMP is available in a yield plan that pays based on where the production to count (harvested bushels) falls within or below the selected coverage band.

RAMP is also available in a revenue plan that pays based on where the harvest revenue falls within or below the selected coverage band.

Contact our agents for more information on how RAMP can benefit your farming operation. 

 

PASTURE, RANGELAND, FORAGE

The Risk Management Agency’s (RMA) Pasture, Rangeland, Forage (PRF) Insurance Program is designed to provide insurance coverage on your pasture, rangeland, or forage acres. This innovative pilot program is based on precipitation, Rainfall Index. This program is designed to give you the ability to buy insurance protection for losses of forage produced for grazing or harvested for hay, which result in increased costs for feed, destocking, depopulating, or other actions.

You can buy a PRF policy from a crop insurance agent by the sales closing date of November 15.  Call our office and speak to one of our agents for more information.

 

CONSERVATION COMPLIANCE

In order to receive premium assistance from the federal government for crop insurance, producers will have to comply with the highly erodible land and wetland conservation requirements that most already have to comply with as a result of participating in FSA and NRCS programs.

To comply, producers must fill out and sign form AD-1026.  If you have not already completed and submitted this for to the USDA, go to the USDA Service Center (Farm Service Agency) and file form AD-1026 certifying compliance.  The FSA and NRCS will communicate any additional actions that may be required for compliance.  

Producers who do not comply with conservation compliance can still purchase crop insurance, however, they will no longer be eligible to receive the government paid premium subsidy. 

Contact your local FSA/NRCS for more details.

 

BEGINNING FARMER/RANCH

Beginning farmers and ranchers are eligible for certain benefits designed to help you as you start your operations. 

To be a beginning farmer (BFR) for crop insurance purposes, an individual must not have actively operated and managed a farm or ranch in any county, in any state, with an insurable interest in a crop or livestock as an owner-operator, landlord, tenant, or sharecropper for more than five crop years, excluding any crop year the BFR was under the age of 18, in post secondary studies or on active duty in the U.S. Military. 

Contact a Koepke Insurance Agent for more information.