As we get closer to harvest and the weather continues to produce hail, tornados, and heavy rains remember we offer hail coverage on wheat, canola, and many other small cereal grains. This coverage has 2-hour binding, meaning you can take it out two hours prior to a storm.
Crop hail can be stacked on your multi-peril crop insurance. We work with three different companies to make sure you are getting the best price for your crop hail coverage.
Contact our Apache or Chickasha office to see what your cost and coverage would be so you are prepared in case a storm heads your way!
HAYING INSURED WHEAT ACRES
inIf you are interested in swathing insured acres for hay, call your agent so that we can get an adjuster in contact with you. This will protect your APH (Approved Production History), so that future Crop Insurance guarantees will reflect actual yield data.
PREVENTED PLANTING CLAIMS
We’ve had exceptionally heavy rains and already saturated fields. The possibility of not getting acres planted timely is becoming more of a possibility. Prevented Planting Coverage provides producers with valuable protection in the event they are unable to plant an insured crop by the final planting date or during the late planting period due to an insured cause of loss.
Read More on Ag Risk Management and Crop Insurance:
Sometimes adverse weather prevents planting. A prevented planting payment is made to compensate for the producer’s pre-planting costs that are generally incurred in preparation for planting the crop. Prevented plant claims can be submitted after the final planting date. They can also be submitted up to three days after the late planting period.
The main criteria adjusters will look at is if the cause of loss is general to the surrounding area. The adjusters will also determine if neighboring producers have been similarly affected. Prevent Planting Coverage will pay against your insured guarantee you would have had if the acres would have been planted.
Prevent Plant Coverage by Crop:
- Corn: 55%
- Cotton: 50%
- Grain Sorghum: 60%
- Peanuts: 55%
- Soybeans: 60%
In the event of a Prevented Planting Claim you will have the following options: Take 100% of the prevent plant payment and leave the acres idle till the next crop year,
or
plant a second crop but only receive 35% of the prevent plant payment. A 60% yield would go into your production history for that year if you plant a second crop.
As we move closer to the final plant dates visit with your agent on your options and what is best for your operation moving forward.
CROPS ELIGIBLE FOR REPLANT PAYMENTS
Under your crop insurance policy if you lose 20 percent of a field or 20 acres you are eligible for a replant payment. The calculation for those payments will vary by crop.
Crop eligible for replant payments are:
- Corn
- Grain Sorghum
- Soybeans
- Peanuts
- Sunflowers
If you are growing and ensuring any other crops be sure to check with your agent if it is eligible for replant payments.
