Crop Insurance Booklet 2019

2019 CROP INSURANCE

IMPORTANT CROP INSURANCE DATES

SPRING CROPS

FALL CROPS

CATEGORY C CROPS

MPCI Sales Closing Date

March 15

Sept. 30

Nov. 20

Production Deadline

April 29

Nov. 14

Jan. 15

Acreage Report Date

July 15

See below

Jan. 15

MPCI Premium Billing Date

Aug. 15

July 1

Aug. 15

Oct. 1

Aug. 1

Sept. 15

MPCI Premium Due Date

Spring Crops– Barley, Corn, Corn Silage, Dry Beans, Forage Seeding, Oats, Soybeans, Sugar Beets Fall Crops– Forage Production: Oct. 15, Wheat: Nov. 15 Category C– Apples, Blueberries, Cherries, Grapes, Peaches *Early/Final/Late Planting Dates & Insurance Periods: Varies by crop, by county.

If a crop is not listed above, please contact your GreenStone crop insurance specialist for further information.

GreenStone FCS is an equal opportunity provider and employer.

www.greenstonefcs.com

ADDITIONAL CLAIM INFORMATION Required Appraisals — Appraisals are required when a customer plans to do something other than harvest in the normal manner. If you do not plan to harvest your crop, we must appraise the acres prior to destruction.

Silage/High-Moisture Corn — Be sure to notify your specialist before you chop!

If any portion of a crop will be chopped for silage or high-moisture corn, an appraisal is required first.

Quality Issues — For claims regarding quality concerns such as mold, contact your crop insurance specialist.

NEW COVERAGE AVAILABLE

$200K Review — If any claim (per crop, per county) exceeds $200,000,

Dairy Revenue Protection (DRP) —

a 3-year APH audit of the policy will be conducted.

Dairy Revenue Protection provides insurance for the

Call your specialist prior to gathering records to ensure

difference between revenue guarantee and actual milk

you have a thorough understanding of the records you

revenue if prices fall. It also provides a greater choice of

will need, such as elevator weight slips.

prices, from those that focus on cheese to fresh milk,

Grain Bins —

protein or butterfat. Coverage levels are available from 70

If you plan to store your crop, the following

to 95 percent of revenue.

must happen prior to adding the new crop to the grain bins: • Old crop left in bins must be measured by an adjuster before the new crop is added • Keep separate load records and mark bins with tape if different farm/field yields are co-mingled Harvest Claim — • Will be processed after harvest is complete • If delivered to the elevator, have delivery sheets from elevator available (grain bins will be measured)

REPORTING A LOSS Crop damages must be reported within 72 hours of discovery of damage and no later than 15 days after the end of insurance (EOI) period (EOI is December 10 for spring crops and October 31 for fall crops).

Call your GreenStone crop insurance specialist before destroying crops. Do not destroy crops until you have talked to an adjuster.

SIMPLIFY ACREAGE REPORTING reporting is a crucial process completed each year with both your crop insurance specialist and local FSA office.

The Acreage Crop Reporting Streamlining Initiative (ACRSI) allows you to meet with your agent to provide what was planted, where, when and the number of acres planted.

Your county FSA office staff can download your information and have it available when you meet with them Reporting your planted acres to your crop insurance

to certify your acres, eliminating the need to provide the

specialist first, allows you to minimize duplicate data

information a second time. Precision planting data can

errors, reduce paperwork and save time. Acreage

also be used to help simplify acreage reporting.

AD-1026 CONSERVATION COMPLIANCE There was a change in the 2014 Farm Bill which requires all farms to complete an AD-1026 form. This form which is called “Highly Erodible Land Conservation (HELC) and Wetland Conservation (WC) Certification must be completed and signed by August 15 of the current year to qualify for crop insurance subsidies. This does not mean that you would not qualify for crop insurance – just that you would not get the premium subsidy. It is important to make certain that your farm is conservation compliant. The AD-1026 can be found at your local FSA/Soil Conservation office.

This form is required for not only crop insurance premium subsidy but also for FSA loans and disaster assistance payments and NRCS and FSA conservation program benefits. This does not mean you have to participate in the FSA programs, but make certain that the form is on file.

If you are a first-time farmer or have changed your entity (an example would be from individual farm to a Limited Liability Corporation), the AD-1026 has to be completed for the new entity.

CLAIMING PREVENT PLANT (PP) AND REPLANT

First insured crop is PP and double-cropping qualifications are not met.

ABBREVIATIONS KEY:

The policy holder must elect one of two options on the Multi-Crop Certification

LPP - Late Planting Period

Agreement at the time the first insurable crop acres are released.

PP - Prevent Plant

Note: Landlord/tenant policy holders must elect the same option

APH - Approved Production History

FPD - Final Planting Date

NAP - Noninsured Assistance Program

if they do not want to impact the indemnity of the other.

No

Elect to plant second crop for harvest on the same acres? (includes NAP crops)

Yes

An approved cover crop may be planted after

The second crop must be planted after the FPD

the FPD or the LPP for the first insured crop,

or any applicable LPP for the first insured crop.

but must not be hayed or grazed until after

• Second crop automatically insured if crop is on policy.

• Second crop premium is 100 percent and eligible to receive full indemnity.

Nov. 1. In addition, the acreage cannot be cash rented to another person.

Is the cover crop planted?

No

The first insured crop indemnity will be limited to 35 percent of the insurable indemnity and premium will be reduced

Yes

100 percent of the insurable

to 35 percent of the amount due. The

indemnity is paid on the first

65 percent remaining PP indemnity can not

insured crop acres. No APH

be restored regardless of 2nd crop loss.

impact if no crop planted.

Is cover crop hayed or grazed before Nov. 1?

Yes

No

First insurable crop indemnity is reduced to 35 percent (overpaid indemnity)

The APH Impact: • First crop (PP) - 60 percent of approved APH yield for prevent planted acres • Second crop - APH calculated off actual production