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Crop delays create insurance options for farmers

By Staff | May 30, 2013

(ISU) – The frequent rains that have soaked Iowa this year have left numerous corn and soybean fields unplanted or with flooded areas.

Many producers are wondering what options they have under their multiple peril crop insurance policies.

According to Steve Johnson and William Edwards, both Iowa State University farm management specialists, the crop insurance late planting period for corn in Iowa begins Saturday.

Corn can still be planted after this date, but the insurance guarantee on those acres is reduced by 1 percent per day until they are planted.

Corn acres planted after June 25 will receive insurance coverage equal to 60 percent of the original guarantee.

Producers should keep accurate records of planting dates on all remaining acres.

The late-planting period for soybeans is from June 16 through July 10 in Iowa.


Beginning June 1, corn producers with unplanted acres have three choices – plant corn as soon as possible with a reduced guarantee, shift to soybeans with full insurance coverage, or apply for prevented planting.

Prevented planting acres are insured at 60 percent of the original guarantee, and must have a cover crop established on them.

Acres that have been planted, but need to be replanted, may qualify for a special replanting insurance payment.

Payments are based on the value of eighth bushels of corn or three bushels of soybeans per acre, times their respective projected insurance prices.

In 2013, that is about $45 per acre for corn and $38 per acre for soybeans.

To qualify for an indemnity payment under the replanted or prevented planting provisions, a minimum area of 20 acres or 20 percent of the insured unit, whichever is smaller, must be affected


More details can be found in the publication, Delayed and Prevented Planting Provisions, file A1-57 on the Iowa State University Extension Ag Decision Maker web site, at www.extension.iastate.edu/agdm/crops/html/a1-57.html.

An electronic decision spreadsheet is also available to help analyze alternative actions.

Producers should communicate with their crop insurance agent before making decisions about replanting or abandoning acres.

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