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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Replant coverage by policy


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.


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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2016 Crop Insurance Coverage and Premiums

Projected Prices for 2016 are $3.86 for corn and $8.85 for soybeans.

How much coverage per acre?

Below,  I have put together two charts for Hardin County, IA: one for corn and one for soybeans. Select the APH that best represents your operation. You can then see the dollar per acre coverage level for 80% and 85% Revenue Protection. The coverage level does not change with unit structure. (OU: Optional Units  and EU: Enterprise Units).

2016 Corn Revenue Protection Coverage – Hardin County, IA

Corn Coverage

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3 things you may not know about your crop hail coverage

1. Do you know if your crop hail policy has an actual cash value clause?

An actual cash value clause states that the amount payable may not exceed the actual cash value of the portion of the crop destroyed by perils insured against. The actual cash value may be determined  by averaging the next 10 days closing market cash price at a facility where you normally sell your grain.

Most years, the actual cash value clause doesn’t affect a hail payment. However, if the weather is abnormally dry or wet, the crop hail coverage may exceed the actual cash value of the crop. Unfortunately, this situation is when the actual cash value clause may reduce a hail payment.

For example: You insured your crop to value at $800 per acre, but at claim time, a drought caused the crop to only be worth $600 per acre. The hail storm created a 30% hail loss.  On a full coverage policy, the loss calculation would use the $600 actual cash value limit rather than the $800 crop hail limit. This would result in a $180 per acre claim payment ($600 x 30%) rather than a $240 claim payment ($800 x 30%).

Check to see if an actual cash value clause is included in your crop hail policy. Continue reading


3 ways to use precision monitors for crop insurance records

Keeping production records requires an organized system. For crop insurance purposes, the best records should be kept at the farm level. Combine monitors are a great tool to use in your record keeping system. Here are 3 ways to use precision monitors for crop insurance record keeping:

Manual Reporting

After the total production is determined by bin measurements/scale tickets/etc., a combine monitor can allocate the total production to the field level.

Precision Technology Reporting

Precision monitors provide actual planted acres and a wet weight map. This data can be used to manually report acres and production for crop insurance.  Therefore no scale tickets, no bin measurements, and no feeding records. The only other  documentation needed is a calibration report to verify production accuracy.

Automated Crop Reporting

Automated Crop Reporting takes Precision Technology to the next step. The data needed for crop insurance reporting is automatically transferred into the Acreage Report and Production Report. After the farmer leaves the field, the farmer and the agent will know if there is a claim.

For more information read my blog post, Precision Technology Reporting and Automated Crop Reporting Tips and Benefits of precision reporting.


Tips for using precision monitors for crop insurance reporting

The agricultural industry is constantly making strides in providing new technology and more data. More data can be overwhelming. The key is to provide useful data that can easily aid in operational decisions and record keeping. In this blog post, I am going to discuss tips for using precision monitors for crop insurance reporting.

There are two ways to use precision monitors for crop insurance reporting: Precision Technology Reporting and Automated Crop Reporting. The first set of tips are important for both ways of reporting. The second set of tips are important for Automated Crop Reporting.

Precision Technology Reporting & Automated Crop Reporting Tips

  1. A precision monitor must be used at planting and at harvest.
  2. Actual planted acres provided in the seeding map are used to report acres.
  3. Acres do not need to match the FSA’s acres.
  4. FSA 578 maps are used to verify % share on the Acreage Report.
  5. A calibration report must be kept and the calibration must be less than 3%.
  6. The user manual provides requirements for how often the combine needs to be calibrated. Typically the machine is calibrated more often than required.
  7. A calibration log needs to be kept manually. The SMS system is the only system that provides a calibration report with all required information.
  8. There are 3 documents that need to be provided in the event of a claim:
    1. Seeding Map
    2. Wet Weight Map
    3. Calibration Report


Automated Crop Reporting Tips 

  1. The same precision platform must be used in the planter and the combine.
  2. Wireless data transfer from the monitor to an online account creates an automated effect. The data on the online account can easily be transferred to the crop insurance reporting system.
  3. Match the field name on the precision monitor to the field name used on your crop insurance reports. This will make it easier for data to transfer from the monitor to the Acreage and Production Report.


Using data and systems to manage farming operations can be beneficial on many levels. I hope these tips are valuable to help turn data into an efficient way to maintain crop insurance records. For more information contact me at