Delayed Planting, Prevented Planting and Replant Crop Insurance Coverage
The frequent rains that have soaked Iowa this year ave left many corn and soybean fields unplanted or with flooded areas. Many producers are wondering what options they have under their multiple peril crop insurance (MPCI) policies.
In Iowa, the crop insurance “late planting period” for corn begins on June 1. Corn can still be planted after this date, but the insurance guarantee on those acres is reduced by 1% per day until they are planted. Corn acres planted after June 25 will receive insurance coverage equal to 60% of their 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 1st, 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% of their original guarantee, and the insured may either leave the acreage idle “black dirt” or be required to plant a cover crop that cannot be hayed or grazed before November 1.
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 8 bushels of corn or 3 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% of the insured unit, whichever is smaller, must be affected
ISU Extension Resources
More details can be found in the publication “Delayed and Prevented Planting Provisions” on the Iowa State University Extension and Outreach Ag Decision Maker web site . 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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