Koepke Insurance is now back open!! We will be practicing social distancing here in the office, which means staying 6 feet apart. We ask that if you are not feeling well to stay at home. We do encourage you to call one of our agents if you have any questions. Most of your questions can be handled over the phone. Thank you for your understanding.
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
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
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.
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
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.
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.
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 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.