Crop Insurance Decisions
Published: Jun. 10, 2008
URBANA - Producers facing late planting decisions have a place to go for help. "Late Planting and Crop Insurance Decisions" (http://www.farmdoc.uiuc.edu/manage/newsletters/fefo08_11/fefo08_11.html) is now available on University of Illinois Extension's farmdoc website.
"Many farmers in Illinois face late planting decisions such as whether to plant corn, plant soybeans, or take prevented planting," explained Gary Schnitkey, U of I Extension farm financial management specialist. "Resources have been compiled on this website that may aid farmers when faced with these decisions.
"The information emphasizes crop insurance decisions related to late planting."
Information is included on farm-level policies such as Actual Production History (APH), Crop Revenue Coverage (CRC), Income Protection (IP), and Revenue Assurance (RA), all of which have replant and prevented planting provisions that impact planting decisions. Group Risk Plan (GRP) and Group Risk Income Plan (GRIP) do not have replant or prevented planting provisions and not covered by the provisions listed below.
Resources on the website include:
Final Planting Dates, Late Planting, and Prevented Planting--describes final planting dates, the late planting period, and prevented planting for Illinois farm-level policies.
Crop Insurance/Cropping Decision for Corn with Questionable Stands and a Farm-Level Crop Insurance Policy has been Purchased--described alternatives in the case of corn with marginal corn populations.
Crop Insurance/Cropping Decisions when No Crop has been Planted and a Farm-Level Crop Insurance has been Purchased--describes alternatives when no crop has been planted.
Late Planting Evaluator--a Microsoft Excel spreadsheet for evaluating alternatives.
"Additional resources may be added to this website as issues related to prevented planting continue to evolve," Schnitkey said.
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