As congress plans to pass a new Farm Bill in 2018, this winter will be filled with ag committee hearings, public listening sessions, and lobbying on the hill by all of the agricultural industry. Some initial hearings and listen sessions have already taken place to form conceptual changes to the farm programs. Two main points of interest already being discussed are a reduction in crop insurance subsidy and more integration of conservation compliance with crop insurance. Early proposals to reduce crop insurance subsidies include capping subsidies for large producers, reducing subsidies based on adjusted gross income, and eliminating subsidy for the harvest price option. All of these proposals would increase the cost of crop insurance to many of the program participants. On the conservation side, environmental advocacy groups are suggesting that the bill should place more emphasis on sustainable practices in qualifying farmers for crop insurance subsidies. Look for further updates in our upcoming newsletters and in the mean time contact your representatives and voice your support for the current crop insurance program!
The weather conditions in portions of the Eastern corn belt this summer and early fall have been conducive to the growth of the corn fungal disease known as Diplodia ear rot. The disease is caused by grayish brown mold growth, usually beginning at the bottom of the ear. Grain infected by Diplodia will have a reduced test weight and increased kernel damage. Diplodia has not been known to cause mycotoxins that are dangerous to human and animal health. Your MPCI policy provides coverage for quality deficiencies, including those resulting from Diplodia. Corn with a test weight below 49 lbs/bu or a kernel damage above 10% will qualify for quality adjustment. If you are having issues with Diplodia or any other quality problems in your corn, give us a cal today to further discuss your coverage and options.
Summer is now upon us and with that comes the threat of devastating hail damage to crops. Hail is formed when there is a rising updraft created by fluctuating high temperatures. Within a range of three to five minutes hundreds of acres of crop land can be completely wiped out. This will leave you with unusable crops that will yield no return, which ultimately puts your farming operation in grave danger. Eliminate that risk by signing up for Crop Hail coverage through FedCrop.
The process is not burdensome and takes very little time to complete, which gives you coverage that will save your farm. The way Crop Hail works is very simple. Varying by crop you pay on a per acre basis to cover your value associated with that land. Binding coverage can be acquired within two hours of us receiving your application. To access an application please click the link below.
For any questions or concerns please don’t hesitate to give us a call at 888-791-3530.
All wheat that was planted or prevented from planting this fall must be reported by December 15th, 2015. If you carry a wheat policy with FedCrop, you should have received a wheat acreage reporting form with our most recent newsletter in early November. Remember to report all acreage in the county, including any uninsurable acreage. Wheat acreage can be uninsurable for a variety of reasons including, new broken ground that exceeds 5% of the planted wheat acreage, wheat planted in an unrated land area, or wheat planted as a cover crop. If you have any questions about how to report your wheat acreage, give us a call today, (888) 744-3530!
Now that planting is wrapping up, it is time to start thinking about filing your 2015 acreage report and certifying your acreage at the local Farm Service Agency office. Both of these reporting steps are integral in the risk management of your farming operation. FSA acreage certification ensures that you qualify for the new farm bill program that you signed up for this spring. Crop insurance acreage reporting establishes your bushel and price guarantees for each farm unit. Our clients should have recently received their acreage reporting packet in the mail. If you have any questions about completing your acreage report, give us a call today (888) 791-3530.
Be sure to attend one of our upcoming crop insurance update meetings to learn about the changes to your crop insurance policy that will be taking place in 2015. We will be discussing the ARC-PLC decision, Yield Exclusion, Whole Farm Revenue Protection, Beginning Farmer and Rancher, and other important policy changes that may effect your 2015 crop insurance decision. Feel free to bring any friends or neighbors that would benefit from the information at these meetings. See all of the dates and locations in the calendar on the right and call the office to RSVP for the meeting you wish to attend (888) 791-3530!