DEADLINES:
MARCH 15TH - SIGN UP OR CANCELLATION PERIOD ENDS
APRIL 10TH - CORN PLANTING STARTS
APRIL 25TH - BEAN PLANTING STARTS
MAY 25TH - CORN PLANTING ENDS
JUNE 10TH - BEAN PLANTING ENDS
JULY 15TH - REPORT PLANTED ACRES
ACTUAL PRODUCTION HARVESTED - REPORTED AT END OF HARVEST SEASON
MARCH 15TH - SIGN UP OR CANCELLATION PERIOD ENDS
APRIL 10TH - CORN PLANTING STARTS
APRIL 25TH - BEAN PLANTING STARTS
MAY 25TH - CORN PLANTING ENDS
JUNE 10TH - BEAN PLANTING ENDS
JULY 15TH - REPORT PLANTED ACRES
ACTUAL PRODUCTION HARVESTED - REPORTED AT END OF HARVEST SEASON
MULTI PERIL CROP INSURANCE (MPCI): This provides comprehensive protection against weather-related causes of loss and certain other unavoidable perils that cause low production. This is a continuous annual policy that must be signed up for or cancelled by the March 15th deadline.
REVENUE PROTECTION (RP): This provides comprehensive protection for crops through a dollar guarantee.
REVENUE PROTECTION HARVEST PRICE EXCLUSION: This coverage excludes the use of the harvest price in the determination of the revenue protection guarantee.
YIELD PROTECTION (YP): This provides protection against a production loss for crops through a bushel guarantee.
ADDED LAND: Land can be added to your policy at any time until the acreage reporting deadline, which is July 15th. The actual production history (APH) will be either the simple average T-yield or county T-yield if a new county.
COUNTY AVERAGE T-YIELD: This is the average harvested bushel per acre was for the entire county.
SIMPLE AVERAGE T-YIELD: This is the average actual production history (APH) yield is for an individual policy.
ACTUAL PRODUCTION HISTORY (APH) DATA BASE: The actual harvested bushels and acres planted per field during the last 10 year period.
TREND ADJUSTMENT (TA): This option allows an adjustment in the APH data base to reflect long term increased yields throughout time in the county.
YIELD ADJUSTMENT (YA): This option allows the actual yield to be replaced by 60% of the county T-yield in a year that low production is caused by natural causes.
YIELD FLOOR: No crop year yield can be lower than a percent of the county T-yield.
YIELD CUP: The new annual yield can not be more than 10% lower than the prior years approval yield.
SPRING ESTABLISHED PRICE: The Board of Trade price average during February to determine the contract price for beans and corn.
HARVEST PRICE: The Board of Trade price average during October to determine the contract price for beans and corn.
PREVENTED PLANTING COVERAGE: This provides a payment to growers when they are unable to plant crops due to an insurable cause, including weather-related perils and drought.
WRITTEN AGREEMENTS: This is a special request to get coverage when planting a specialty crop or for a new breaking acreage insurability request. This has a March 15th deadline.
CROP-HAIL: This coverage provides protection against any yield reductions caused by hail and/or fire. This coverage can be bought any time during the growing season. You have the option to convert to a continuous policy.
BASIC HAIL: This coverage is provided to percent of loss damage due to hail per individual fields.
COMPANION HAIL: This coverage is provided to percent of loss damage due to hail plus a multiplier as determined by percent of coverage provided by the base MPCI policy per individual fields.
PRODUCTION HAIL: This coverage is provided to percent of loss damage due to hail based on low production on average harvested over all fields.
EVENT RAIN COVERAGE: This coverage is provided to cover expenses accrued when sponsoring an event that could be cancelled due to rain.