CROP INSURANCE UPDATE

Crop Insurance Update New year and new decade bring new opportunities for farmers BY CALEB DOUCE, DOUCE AGENCY, LLC

AGCREDIT LEADER APRIL 2020 Hello 2020! It’s a new year, new decade, new crop season, and it’s a leap year, too!

It’s a fair assumption that anyone involved in farming or the crop business in any manner was certainly happy to see 2019 come to an end. Now, prayers are being said for a better 2020. With the change of the calendar to a new crop season, there are a few dates and issues to keep in mind.

Let’s talk about early plant dates. For corn, the earliest date to plant with replant coverage is April 10. For soybeans, the earliest date to plant with replant coverage is April 24.

June 5 is the final date to plant corn to ensure your crops are covered. Keep in mind, if corn is planted after June 5, there is a 1% coverage reduction per day for up to 20 days (June 25). Soybeans work similarly, but with different dates. June 20 is the final plant date for soybeans. There is 1% coverage reduction per day after June 20 for up to 25 days (July 15). the adjuster sees the crops are destroyed, and it’s 10 days or less from the late plant date (Corn, June 5, and soybeans, June 20, for example) a replant will likely be approved. If it’s more than 10 days, a change in crop may be in order.

Thank you to the American farmer! You work in the cold and the heat to ensure the world can eat. Here’s to a prosperous and bountiful 2020.

What if something happens to your crop? Do you replant or change crop?