Guidelines to Follow For Crop Insurance as Harvest Approaches

It’s amazing how quickly the summer goes by. We will soon be harvesting and with that comes those important reminders about crop insurance procedures. As you read through the list below, be mindful that there are some guidelines to follow specific to the 2019 crop year.

• Prior to chopping part or all of a unit for silage (putting the crop to another use), contact your AgQuest Insurance Agent to promptly start the process. We have to appraise this acreage prior to the destruction of the crop.

• If necessary, leave strips of the minimum required width of 10’ the length of the field. The number of strips are dependent on the size of the field.

• If you have old crop (2018 or earlier), still in the bins, these bins will need to be measured by AgQuest representative prior to commingling new crop on top. This is important in a claim situation!

• Due to the wet conditions this spring, if you have any drowned-out areas that you have elected to plant a second crop, please remember to keep the harvested production separate from any originally planted acreage. This must be done regardless of whether the second crop acreage was insured or not. This procedure also applies to ground that has just come out of CRP.

• Report any potential loss to your AgQuest Crop Insurance Agent within 72 hours of discovery of damage. Get the claim turned in early and do not wait. The process of withdrawing a claim is an easy step.

• Keep production separate by units to prevent commingling. Report total production and not just your share of the production.

• Fed Grain Must Be Documented – Any grain to be fed to livestock must be appraised PRIOR to use or feed records must be kept.

• 2019 year ONLY, as it pertains to a cover crop in a prevented plant situation: A cover crop planted after the Late Planting Period (LPP) for the prevented plant crop, may be hayed or grazed after September 1 and receive a full prevented plant payment. Cutting for silage, haylage, and baleage will be treated the same as haying or grazing.

Important Dates to Remember:
• MPCI premiums are due on or before September 30 to avoid interest.
• Sales closing is September 30 for Forage Production coverage.

RMA deferring accrual of interest for spring 2019 crop year insurance premiums

The USDA Risk Management Agency (RMA) announced in August that for the 2019 crop year only, accrual of any interest on unpaid crop insurance premium will be deferred to the earliest of the applicable termination date or until November 30, for all policies with a premium billing date of August 15, 2019. For any premium that is not paid by the earliest of the applicable termination date or November 30, interest will accrue consistent with the terms of the policy.

For example, without this change, policies with an August 15, 2019, premium billing date would have interest attached starting October 1, 2019, if the premium was not paid by September 30, 2019. However, with this change, policies that do not have the premium paid by November 30, 2019, will have interest attached on December 1, 2019, calculated from the date of the premium billing notice.

Procedurally, this means no interest will attach on any policy with an August 15, 2019 billing date until December. However, if any premium is unpaid after November 30, 2019, interest will be retroactive to September 1, 2019. This is not limited to those states granted the acreage reporting extension.

In closing, when in doubt about how to proceed on a crop insurance claim, please give your AgQuest Insurance Agent a call. We are here to help and are grateful you have partnered with us.

Have a safe harvest season!

AgQuest Insurance Agency is an Equal Opportunity Provider

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