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Crop insurance 2013 decisions By: STEVE JOHNSON 02/26/2013 @ 1:33pm
When Iowa farmers are determining on or before March 15 which federal crop insurance program to choose, they tend to use revenue coverage. In 2012, about 92 percent of the state’s insured corn acres and 91 ...
Manage crop risk in 2013 By: STEVE JOHNSON 02/05/2013 @ 9:46am
Despite the worst Corn Belt drought in a generation, net farm incomes reached near-record levels in 2012, thanks to crop insurance indemnity payments and high crop prices. You can expect tremendous crop ...
RMA releases crop insurance fall prices By: STEVE JOHNSON 11/01/2012 @ 3:40pm
The USDA Risk Management Agency (RMA) released the final fall harvest prices for revenue protection crop insurance policies on November 1. Those harvest prices are $7.50 per bushel for corn and $15.39 per ...
Harvest prices & indemnity payments By: STEVE JOHNSON 10/17/2012 @ 7:58am
The USDA Risk Management Agency (RMA) will release the final fall harvest prices for revenue protection crop insurance policies on November 1. As of October 15, those harvest prices are near $7.50 per bushel ...
Prepare for your crop insurance review By: STEVE JOHNSON 08/17/2012 @ 10:35am
A large number of Iowa farmers are likely to make a claim for crop insurance losses as a result of the 2012 drought. A number to keep in mind is a $200,000 claim. At that level or higher for at least one crop ...
11 key crop insurance questions & answers By: STEVE JOHNSON 07/24/2012 @ 2:52pm
With the hot and dry conditions this summer, maintaining crop insurance coverage and understanding the claims process will be crucial for many farmers. Drought damage is an insurable loss under multiple ...
Selling guaranteed insurance bushels By: STEVE JOHNSON 07/06/2012 @ 2:55pm
Most farms utilize a crop insurance product that provides a revenue guarantee on a percentage of their actual production history (APH). The most common product used by Iowa farmers is likely Revenue Protection ...
Crude oil slide could be your farm's gain By: STEVE JOHNSON 07/05/2012 @ 1:00pm
No one can predict crude oil prices for this summer with a high degree of accuracy, let alone predict retail gasoline and diesel fuel prices. However, all fuels have shown a decline in price recently. A ...
2012 DCP & ACRE Sign-up ends June 1 By: STEVE JOHNSON 05/14/2012 @ 9:06am
The USDA Farm Service Agency (FSA) is wrapping up enrollment for the 2012 Direct and Counter-Cyclical Program (DCP) and also the 2012 Average Crop Revenue Election Program (ACRE) Program. Sign-up began on ...
Changes to acreage reports and crop insurance By: STEVE JOHNSON 05/02/2012 @ 11:07am
Everyone who plants an insurable crop should be keeping track of what date you plant each field and how many acres were planted to that crop. That information has to be reported to your local Farm Service ...
Replant provisions & early planting By: STEVE JOHNSON 04/06/2012 @ 8:10am
The USDA Risk Management Agency (RMA) has some specific rules about early planted crops with regard to multi-peril crop insurance coverage. For each county and crop, RMA has set an “early planting ...
Harvest crop insurance checklist By: STEVE JOHNSON 09/20/2011 @ 2:35pm
The 2011 growing season saw extreme weather conditions that will likely result in yield variability across the Corn Belt, even within a field. A large number of producers have already filed loss claims with ...
Crop inputs vs. profit margins By: STEVE JOHNSON 09/02/2011 @ 12:29pm
While most producers are concerned with their shrinking 2011 corn crop potential, keeping their focus on profits margin for 2012 is advised. Trying to pick the highest price and sell all your crops seems ...
Wind damage: Is it covered? By: STEVE JOHNSON 07/12/2011 @ 1:42pm
Straight line winds of over 100 miles per hour ripped through central Iowa during the early morning hours of July 11th. Power poles, farm buildings and empty grain bins were no match for the winds as ...
Adding hail coverage By: STEVE JOHNSON 06/24/2011 @ 11:13am
In the U.S., over 50% of hail storms occur from March to May. However, the largest crop losses to corn from hail occur from June to September.That’s because early in the growing season, losses are typically ...
Farm program deadline approaching By: STEVE JOHNSON 04/26/2011 @ 11:36am
Farmers nationwide have until June 1st, 2011, to sign up at their local Farm Service Agency (FSA) office for the annual Direct and Counter-Cyclical Payment (DCP) program. This is the same deadline to also ...
Farm program deadline approaching By: STEVE JOHNSON 04/26/2011 @ 11:32am
Farmers nationwide have until June 1st, 2011, to sign up at their local Farm Service Agency (FSA) office for the annual Direct and Counter-Cyclical Payment (DCP) program. This is the same deadline to also ...
Selling your crop insurance bushels By: STEVE JOHNSON 04/08/2011 @ 2:54pm
The March 15 deadline for making 2011 federal crop insurance decisions has passed. Farmers can still add coverage options such as hail or wind. With record new crop corn and soybean prices being offered this ...
Selling your crop insurance bushels By: STEVE JOHNSON 04/08/2011 @ 2:20pm
The March 15 deadline for making 2011 federal crop insurance decisions has passed. Farmers can still add coverage options such as hail or wind. With record new crop corn and soybean prices being offered this ...
Use 2011 crop insurance as price risk management tool By: STEVE JOHNSON 03/11/2011 @ 11:12am
The crop insurance revenue guarantees for federal crop insurance coverage in 2011 increases the odds that insured farmers and crop share landowners will receive payouts for revenue losses this year ...
2011 crop insurance policy changes By: STEVE JOHNSON 01/03/2011 @ 11:04am
The new Common Crop Insurance Policy, often called COMBO, simplifies and streamlines the number of crop insurance choices for 2011. There will now be one master policy, with several options.Instead of a ...
2011 crop insurance policy changes By: STEVE JOHNSON 01/03/2011 @ 10:03am
The new Common Crop Insurance Policy, often called COMBO, simplifies and streamlines the number of crop insurance choices for 2011. There will now be one master policy, with several options.Instead of a ...
Prove your crop yields By: STEVE JOHNSON 12/20/2010 @ 3:34pm
Producers tend to spend a great deal of time in late December estimating 2010 taxable income and prepaying year-end expenses. Use the time wisely to also pull together final 2010 crop yields by individual ...
Prove your crop yields By: STEVE JOHNSON 12/20/2010 @ 3:22pm
Producers tend to spend a great deal of time in late December estimating 2010 taxable income and prepaying year-end expenses. Use the time wisely to also pull together final 2010 crop yields by individual ...
Locked and Loaded for 2011 Expenses By: STEVE JOHNSON 11/19/2010 @ 4:40pm
Three factors emerged from the 4 Ag Marketing Club meetings in Central Iowa this week:Row crop farmers are nervous about the recent futures price volatility they’ve witnesses since the Nov. 9th, 2010 Crop ...
Harvest prices & indemnity payments By: STEVE JOHNSON 11/19/2010 @ 12:51pm
The RMA released the final fall harvest prices for revenue crop insurance prices at $5.46 per bushel for corn and $11.63 per bushel for soybeans. These numbers were the final piece of information to finalize ...
Fall harvest prices & indemnity payments By: STEVE JOHNSON 11/08/2010 @ 11:59am
The RMA released the final fall harvest prices for revenue crop insurance prices at $5.46 per bushel for corn and $11.63 per bushel for soybeans. These numbers were the final piece of information to finalize ...
Keep a per-acre net profit goal in mind By: STEVE JOHNSON 10/25/2010 @ 9:11am
The old adage of "buy low and sell high” still dominates farmer thinking. This primarily means buying inputs before their price increases significantly, but often fails to capture the profit margin ...
2011 financial risk strategies By: STEVE JOHNSON 10/14/2010 @ 10:37am
With harvest wrapping up, farmers need to consider where they stand currently with their own financial situation. Grain sales to meet fall and winter cash flow needs should be paramount. A rule of thumb is for ...
7 ways to get more from your crop insurance at harvest By: STEVE JOHNSON 09/14/2010 @ 9:48am
With the 2010 harvest fast approaching, a great deal of yield variability within many fields can be expected. Farmers with crop insurance coverage need to be organized in order to submit timely claims for ...
