While Congress may be foot-dragging on Farm Bill legislation, don't delay your signing up for fall-planted crop insurance. September 30 is the deadline.
Fall-planted crop insurance covers winter wheat and barley, plus forage crops in most but not all Northeast states. Forage production is not covered in New England, Delaware and West Virginia, clarifies Gene Gantz, Northeast coordinator for USDA's Risk Management Agency.
Consult with your crop insurance agent well before the deadline, he adds. And don't forget that the APH yield trend adjustment option is available in qualifying counties.
Fit crop insurance to your needs such as revenue protection, yield protection or revenue protection with harvest price exclusion. And you can choose between basic unit, enterprise unit, etc.
Crop insurance also includes prevented planting coverage, adds New York State Ag Commissioner Darrel Aubertine. It also provides additional coverage when wet or dry weather delays planting beyond recommended planting dates.
"Crop insurance is a great way to protect crops against weather-related disasters," he says. And as Pennsylvania Ag Secretary George Greig points out shortly, the revenue protection option offers price protection.
Crop insurance can be purchased only through a licensed crop insurance agent. You'll find a contact list of agents in your area on USDA's Risk Management Agency website or find one through your local Farm Service Agency office.
Claim small grain revenue losses?
Harvest prices for wheat and barley are significantly lower than projected spring prices. That means producers with revenue-based crop insurance policies may be able to claim a revenue loss even without a crop yield loss, notes Ag Secretary Greig.
The harvest price for wheat and barley are $6.63 and $4.71 per bushel, respectlvely. The projected prices at planting time were significantly higher at $8.57 for wheat, $6.10 for fall seeded barley and $5.24 for spring seeded barley.
"It pays to have crop insurance," says Greig. "Last year's drought affected wheat and barley production. This year market conditions are bringing unfavorable prices. Despite this, producers with revenue insurance can still have a pay day."