Current Reminders:
- Government program decisions (ARC/PLC) need to be made by March 15th. Updated ARC-CO and PLC numbers are in. Give us a call if you have any questions.
- Any changes to your policy including entity, ownership, shares, added acreage, or coverage changes for the 2024 crop year need to be completed by March 15th.
- Please send 2023 production numbers to us, if you have not already done so. Having your 2023 production loaded in your databases will allow us to generate the most accurate quote for 2024 coverage options.
- Remember anything planted before the initial plant date will not qualify for replant payment (unless Replant Extra is added to your policy – Details on Page 2) and anything planted after the final plant date loses 1% coverage per day for up to 20 days for corn, 25 days for soybeans, and 10 days for double-crop soybeans.
- If you need to REPLANT – Call Us! We need to be notified before the tractor leaves your farm. We want to make sure you can get your money for replant claims.
- Remember anything planted before the initial plant date will not qualify for replant payment (unless Replant Extra is added to your policy – Details on Page 2) and anything planted after the final plant date loses 1% coverage per day for up to 20 days for corn, 25 days for soybeans, and 10 days for double-crop soybeans.
- If you need to REPLANT – Call Us! We need to be notified before the tractor leaves your farm. We want to make sure you can get your money for replant claims.
USDA Earliest Planting Dates for Soybeans
The RMA updated the earliest planting dates last year which affects all soybean growers in Ohio and Michigan. This much-needed improvement to the federal policy allows replant coverage on the MPCI policy to kick in earlier in the month of April. Soybeans planted in Northern Ohio on/after April 15th and Southeast Michigan on/after April 20th are now eligible for federal replant coverage. See updated Planting dates to the right.
Replant Extra Policy – Top 4 Benefits and Cost
- The Replant Extra policy pays on the first acre of replant. There is a minimum acreage requirement before you can get any replant money from the MPCI policy.
- The Replant Extra policy gives you replant coverage 20 days prior to the earlier planting dates of the MPCI policy – Meaning you could plant soybeans on 3/26 and corn on 3/21 and still have replant coverage.
- The MPCI policy only pays out $30-45/acre to replant (depending on the crop and the price set this spring). If you qualify for both the Replant Extra payment and MPCI payment, you can easily get paid over $75/acre to replant some fields with poor stands.
- It costs you much more than $30-45/acre to replant fields with poor stands. Even if your fuel and seed costs are minimal, other opportunity costs can add up including planting crops 3-4 weeks later than ideal.
Prevent Plant Reminder:
Acreage must be planted, insured, and harvested in 1 out of the last 4 years to be eligible for prevent plant coverage. After wet springs in the past, consider adding the “PF” option to your policy. This can add another 5% coverage to your prevent plant payment in the event of a loss. It is a great option to consider adding to your corn acres.
Quality Loss Option Reminder:
For those who were involved in a Vomitoxin loss in 2023, we will be quoting you with and without the “QL” option. This is the Quality Loss option to bring your yields back to pre-quality adjusted levels so the 22.5% decrease in bushels (for numbers 5ppm to 10ppm) won’t hurt your APH. This option only costs on acres that were involved in the claim this year.