Crop Insurance - Common Questions Answered

1. What of my crop insurance papers do I need to keep & what can I throw away? 

   Items you should keep for the current crop year:  

           a) policy confirmation

           b) production & yield report (also called production history),

           c) acreage report (ours are in map form), 

           d) your schedule of insurance (list of all insured fields & acres)

   For all previous years you should keep your:

           a) production & yield reports

           b) maps

           c) schedules of insurance

2.  Can I get federal crop insurance on my soybeans?  my sunflowers? 

   Soybeans - Yes.  It is a spring crop.  

   Sunflowers - No. 

3.  How much will my federal crop insurance cost? 

    There is no single answer to this question.    

    Your cost per acre is based upon the type chosen (MPCI, CRC, etc) & level chosen (65%, 70%, etc) & your production history.  To find out what your cost will be, give us a call.  We have software that allows us to figure your cost per acre for the various types (MPCI, CRC, etc) at all the levels (65%, 70%, etc), & it also tells you exactly what $ amount you would be paid per acre in the event of a loss.

4.  What is CRC (crop revenue coverage)? & how much will it cost? 

    There has been a lot of confusion surrounding CRC.  Briefly, CRC is a total indemnity policy (bushels x price).  With MPCI, indemnity is limited to bushels.  The best way I can explain it is in person; so for a complete explanation &/or a quote, please call or come by.  

5.  What happens once I turn in a claim? 

    Once you notify us that you have or suspect you may have a claim, we contact the company.  They will send an adjuster (usually within 3 days).  Most of the adjusters prefer if the farmer can go with them to the field so it is best to let us know what days/times you will be available. 

6.  Is there a re-plant option on fall wheat?   

    There is no re-plant option on fall wheat in our area.

7.  What penalty occurs if I plant after the final plant date? 

    Spring Crops (grain sorghum, corn, & soybeans)  Your guarantee for that unit is reduced by 1% per day for each day after the final plant date.  (source Basic Provisions sec 16)

    Fall Crop - wheat:  Your guarantee is reduced by 60% on any wheat planted after the plant date.

 Is there any question you would like answered or to see added to the list?  Email me at lanie@thefarmeragency.com    

Last modified: February 24, 2004