Hot topics & tips on the ever changing business of farming


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2017 Harvest Price & Bushel Triggers

The 2017 Harvest Prices were calculated in the month of October. Corn came in at $3.49 and soybeans at $9.75. Both prices were down from the spring Projected Prices.

 

2017 MPCI Prices 

Corn Projected Price $3.96

Corn Harvest Price $3.49

Soybean Projected Price $10.19

Soybean Harvest Price $9.75

 

The price decline increases the chance of a claim. Let’s take a quick glance at Revenue Protection bushel triggers at the 85% coverage level.

Corn APH: Trigger Yield 

180 APH: 173

190 APH: 183

200 APH: 192

210 APH: 202

220 APH: 212

 

Soybean APH: Trigger Yield

40 APH:36

50 APH:45

60 APH:53

70 APH:62

 

Claims might be spotty in our area. The chances are greater with optional unit structure (by section) than with enterprise units (by county). Review your actual harvest revenue against your guarantee. Claims need to be filed by 15 days after you’re done harvesting or by December 10th; whichever comes first.

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2016 ARC-CO Estimated Payments

It’s time to estimate 2016 ARC-CO Payments. 2016 Iowa crop yields were released in February of 2017 and we have accumulated 2/3 of the Marketing Year Average (MYA) price. Where do we stand on payouts?

County Crop Yield Payment 
Butler Corn 207.3  $         13
Soybeans 60.4  $         33
Franklin Corn 204.8  $         29
Soybeans 61.0  $         33
Grundy Corn 198.5  $         76
Soybeans 65.4  $         36
Hardin Corn 208.0  $          0
Soybeans 60.4  $         33

Estimated MYA Price used in this calculation is $3.50 for corn and $9.49 for soybeans, as provided on ISU Extension Website. The MYA Price will be released October of 2017. Final payments will be established at that time. As a reminder, payment is on 85% of your base acres.


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Fieldview Plus User Updates for 2017 Season

It’s time to prepare for the 2017 growing season. Here are a few tips to enhance your Fieldview Plus experience.

  1. Update your iPad and Smart Phone
    1. Update Fieldview App (Black App) to version 4.3.0
      1. iPhone: Go to App Store and select update all on the bottom right.
      2. Android: Go to Play Store. Search for Climate Fieldview and select update.
    2. Update Fieldview Cab App (Grey App) to version 6.0.1
      1. iPad: Go to App Store and select update all on the bottom right.
    3. Update to iOS 10.2
      1. iPad: Go to Settings, General, Software Update
        1. Be connected to Wifi and it’s best to be plugged into power.
  2. Off load Fieldview Drive
    1. If you had iOS 10 issues this fall, make sure all the harvest data has been sent to the Fieldview Cab App.
    2. On the Fieldview Cab App, select Settings, Devices, Edit, and review Off Load Status. You want each field to be at 100%.
    3. If the data is not 100% off loaded, activate the Drive in the combine, connect Cab App to the Drive, and Cloud Sync.
  3. Upload Maps
    1. Planting Maps: Upload past planting maps
      1. Used to generate field region reports
    2. Harvest Maps: Upload past yield maps
      1. Used to generate field region reports
      2. Used to create management zones for the Nitrogen Advisor*
      3. Used to create Manual or Advanced Scripts*
        1. Advance Scripts require 2 years of yield history
    3. Soil Maps: Upload soil maps
      1. Used to create field region reports
      2. Used to create management zones for the Nitrogen Advisor*
      3. Used as layer to review Manual or Advanced Scripts*
  4. Create Manual Seeding Scripts
    1. Create seeding scripts utilizing yield maps, soil maps, and field health images
    2. Export seeding scripts to monitor

*Nitrogen Advisor and Advanced Scripts are available on the Pro platform. Pro can be purchased at any time for the 2017 season. Climate is also offering the opportunity to upgrade 2 fields to Pro this season for free.

Contact Betsy for guidance. To learn more about Nitrogen Advisor and Advance Scripts, read Fieldview Pro Overview for 2017.

 

 

 

 

 


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Fieldview Pro Overview for 2017

fieldview-platforms

Fieldview Pro includes all features of the Prime and Plus tiers, plus it provides the Nitrogen Advisor and Advance Scripts. These tools have been enhanced for the 2017 season.

Here is a brief overview:

Advanced Scripts

The Advanced Scripts uses 2 years of yield history and Gen 5 data from Monsanto. There is a 3 part process in generating the automated scripts:

  1. Management zones are identified
  2. Population is assigned to the zones based on hybrid selection
  3. Economic factors are considered

Scripts can be altered to fit the planter’s technology ability by adjusting the number of population zones.

Nitrogen Advisor

The Nitrogen Advisor has been enhanced from the 2016 version to manage nitrogen on a sub-field level. Your soil maps will be used in replace of SURGO Maps to enhance accuracy. If you want to utilize the Nitrogen Advisor, update your nitrogen application plan for 2017. You will be able to monitor nitrogen status and review side dress application decisions instantly.

 

For more details, contact Betsy.


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Replant coverage by policy

MPCI

You must exceed the 20/20 rule for MPCI replant coverage to be granted. The rule states that the lesser of  more than 20 acres  or  20% of your unit needs to be replanted before coverage is provided. The corn indemnity payment on replanted acres equals the actual cost to replant up to a limit of 8 bushels. If the projected price of corn was $3.50, the maximum replant coverage would be $3.50 x 8 bushels = $24 per acre.

Crop Hail

Crop Hail Replant Coverage depends on the company and the type of coverage you have selected.

Some companies pay the hail loss and you decide whether to replant. The remaining insurance coverage will be transferred to the replanted crop. Additional coverage can be purchased.

Other companies have to approve replant. Then you have a choice.

Option A: Replant crop and company will pay for your actual replant costs, not to exceed 20% of the limit of insurance per acre. Remaining limit will transfer to replanted crop. If you don’t replant, your loss is paid at 20% the limit of insurance.

Option B: Pay the actual loss sustained. No coverage will be transferred to the new crop. Additional coverage can be purchased.

If you have production plan hail, you don’t have coverage for replant.

Replant Supplement Coverage

Stand alone replant coverage provides coverage on the first acre you replant. Plus, you can select up to a certain amount of coverage, potentially $50-80 per acre. The indemnity payment will be the lesser of the actual cost of replant or the coverage limit elected on the policy.

Example:

Selected Coverage per Acre: $50

Replanted Acres: 10

Actual Cost of Replant: $55

Indemnity Payment: $50 coverage limit x 10 acres = $500

You must insure all acres per crop per county. Therefore, you would need to evaluate if this coverage makes sense for your operation.

 

 

 

 

 


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Compare current precip to historical averages on Climate Fieldview’s App

Many farmers like to keep track of precipitation to project yield potential of their crop. I like to compare the current precipitation to historical averages. This helps me put a number the terms “dry”, “wet”, or “adequate”.

As we start the month of July, I wanted to give you an idea of how “dry” our area is. Here are local season to date precipitation compared to the 10 year average. The (-) represents short of the 10 year average.

Garden City -6.5″, Radcliffe -5.7″, Ackley -5.0″, Hubbard -4.7″, Austinville -4.3″, Eldora -3.7″, New Providence -3.4″, Geneva -2.9″, Wellsburg -2.7″, Iowa Falls -2.6″

I used to log on at http://www.climate.com and run a comparison on the past weather tab. It took time to do this on every field and I needed access to a computer.

Now it’s very easy to access this information on your fields. When you log on to the Climate Fieldview App on your smart phone, an Overview screen will appear. Tap on Rainfall.

Screenshot_20160701-150310

It will default to the Last 24 Hours precipitation. To the right, tap on Season to Date. You will then see if precipitation is above or below normal compared to the 10 year average.

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