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Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards May 2013

Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards

Integrated Crop Management News

The frequent rains that have soaked Iowa this year have 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 percent per day until the acres are planted. Corn acres planted after June 25 will receive insurance coverage equal to 60 percent of their original guarantee. Producers should keep accurate ...


Aflatoxin: Crop Insurance, Charles R. Hurburgh Jr., Chad E. Hart Sep 2012

Aflatoxin: Crop Insurance, Charles R. Hurburgh Jr., Chad E. Hart

Integrated Crop Management News

Aflatoxin is covered under multi-peril crop insurance. The settlement is done as a deducted percentage of actual yield depending on the aflatoxin level. Producers will receive the grain after settlement.


Insurance Coverage For Drought-Damaged Crops, William M. Edwards Jul 2012

Insurance Coverage For Drought-Damaged Crops, William M. Edwards

Integrated Crop Management News

Nearly 90 percent of the corn and soybean acres in Iowa are covered by multiple peril crop insurance. Drought damage is an insurable loss under these policies. Producers should consult with their crop insurance agents before harvesting or destroying any drought-damaged crops, however.


Grain Producers Need To Consider Crop Insurance Options For Late Planting And Replanting, William M. Edwards Jul 2012

Grain Producers Need To Consider Crop Insurance Options For Late Planting And Replanting, William M. Edwards

Integrated Crop Management News

The frequent rains that have soaked Iowa this year have left many corn and soybean fields with areas where little or no production will be realized. Many producers are wondering what options they have under their multiple peril crop insurance policies.


Farmland Rental Rates Show Continued Strength In 2012, William M. Edwards, Ann M. Johanns May 2012

Farmland Rental Rates Show Continued Strength In 2012, William M. Edwards, Ann M. Johanns

Integrated Crop Management News

Anyone who is involved with the rental market for Iowa farmland knows that rental rates have been pushed significantly higher by the favorable corn and soybean prices that farmers have enjoyed since 2010. This trend continued in 2012.


Early Planted Acres May Lose Replant Insurance, William M. Edwards Apr 2012

Early Planted Acres May Lose Replant Insurance, William M. Edwards

Integrated Crop Management News

Unusually warm and dry weather has allowed crop producers to start spring field work earlier than can be remembered by most people. Getting an early start on tillage and planting reduces the risk of getting behind schedule later if an extended period of rainy weather occurs, but it also has its risks. The Risk Management Agency (USDA) has some specific rules about early planted crops with regard to crop insurance coverage. For each insurable crop RMA has set an “early planting date.” The earliest planting dates allowed for counties in the state of Iowa are April 11 for corn and ...


Important Crop Insurance Dates, William M. Edwards Feb 2012

Important Crop Insurance Dates, William M. Edwards

Integrated Crop Management News

Even the best crop insurance plan is of little use if the right information is not collected and submitted on time. Likewise, if certain actions are not completed by the necessary date, producers may not receive full benefit from the risk protection that they have selected.


Flood Damaged Crops, Crop Insurance Payments And Lease Contracts, William M. Edwards Aug 2011

Flood Damaged Crops, Crop Insurance Payments And Lease Contracts, William M. Edwards

Integrated Crop Management News

Some Iowa corn and soybean producers are facing substantial if not complete crop losses due to flooding. In particular, many acres of crops in the Missouri River Valley have been under water for a month or more this year. Fortunately, nearly 90 percent of Iowa’s corn and soybean acres are protected by multiple peril crop insurance.


Additional Disaster Payments For 2009 Iowa Soybeans, Chad Hart Oct 2010

Additional Disaster Payments For 2009 Iowa Soybeans, Chad Hart

Integrated Crop Management News

USDA has announced additional disaster payments for the 2009 crop year via the Crop Assistance Program (CAP). Payments will be made to producers of rice, upland cotton, sweet potatoes and soybeans in counties that received Secretarial disaster designations in 2009 for excessive moisture or related conditions. In Iowa, 30 counties qualify for the payments, see the list of counties and map below.


Marketing Year Prices Cancel Acre Payments In Iowa, Chad Hart, William M. Edwards Oct 2010

Marketing Year Prices Cancel Acre Payments In Iowa, Chad Hart, William M. Edwards

Integrated Crop Management News

Following the completion of the 2009/10 marketing year, the U.S. Department of Agriculture (USDA) released its final monthly price estimates for corn and soybeans. Over the September through August marketing year the national average price for corn was $3.55 per bushel. This is $.51 less than the average price during the 2008/09 marketing year of $4.06 per bushel. For soybeans, the 2009/10 national average price was $9.60 per bushel, which is $.37 lower than the previous year’s average price of $9.97 per bushel.


Crop Insurance Decisions Related To Delayed And Prevented Planting, William M. Edwards Mar 2010

Crop Insurance Decisions Related To Delayed And Prevented Planting, William M. Edwards

Integrated Crop Management News

In some years cold weather or frequent rains prevent tillage and planting from being completed as early as desired to achieve optimum yields. When this happens some adjustments may be made to the amount of coverage provided by Multiple Peril Crop Insurance (MPCI) as well as other types of crop insurance. These adjustments are subject to revision each year by the Risk Management Agency and crop insurance vendors.


Projected Demand For Iowa Crops, Chad E. Hart Mar 2010

Projected Demand For Iowa Crops, Chad E. Hart

Integrated Crop Management News

Demand for Iowa crops has been helped by outside influences, especially the recovery in energy prices. Ethanol margins have moved above breakeven and support for biofuels has been boosted by the substantial rise in crude oil prices over the past year. The energy price recovery has helped ethanol margins remain positive over the past several months. Biofuels continue to see support from higher energy prices.


Late Harvest And Crop Insurance Coverage, William M. Edwards Nov 2009

Late Harvest And Crop Insurance Coverage, William M. Edwards

Integrated Crop Management News

Iowa and other Corn Belt states are experiencing one of the latest and slowest harvest seasons on record. Some producers have had concerns about whether their crop insurance coverage will be still be in effect if harvesting drags into December.


Adjusting Hail-Damaged Crops For Crop Insurance Reporting, William M. Edwards Sep 2009

Adjusting Hail-Damaged Crops For Crop Insurance Reporting, William M. Edwards

Integrated Crop Management News

Hail damage to crops in north central Iowa caused great losses; the total of which will become more defined with harvest. The following guidelines are intended to help farmers through the process of adjusting hail-damaged crops for crop insurance reporting.


2009 Crop Year Is Mirror Image Of 2008, Chad Hart Sep 2009

2009 Crop Year Is Mirror Image Of 2008, Chad Hart

Integrated Crop Management News

The parallels between the 2009 crop season and the 2008 crop season are striking. This summer is closing out much like last summer for crops. The early season concern about delayed planting and crop progress is fading under steady doses of sunshine and timely rains. And with crop conditions holding, crop production is up and prices have worked their way down.


May Crop Outlook, Chad Hart May 2009

May Crop Outlook, Chad Hart

Integrated Crop Management News

With the May reports, USDA updated its estimates for 2008/09 and put out its first official estimates for 2009/10. On the corn side, ethanol and export demand are increased by 50 million bushels each for 2008. Both of these uses have experienced a rebound over the past few weeks.


Isu Extension Offers Information About New Farm Bill Programs, William M. Edwards Feb 2009

Isu Extension Offers Information About New Farm Bill Programs, William M. Edwards

Integrated Crop Management News

The Food, Conservation and Energy Act of 2008 contains a wide variety of legislation affecting everything from school lunches to milk checks. Some of the most immediate provisions that farmers must address are:
• New limitations on commodity payments,
• Average Crop Revenue Election (ACRE),
• Supplemental Revenue Assistance (SURE) program.


Crop Insurance Has Some Changes For 2009, William M. Edwards Feb 2009

Crop Insurance Has Some Changes For 2009, William M. Edwards

Integrated Crop Management News

Crop insurance indemnity prices, guarantees and premiums were all at record levels for corn and soybeans in 2008. Current market conditions make it unlikely that those levels will be reached again in 2009, but they will still be attractive. The Risk Management Agency has announced indemnity prices of $4 per bushel for corn and $9.90 per bushel for soybeans for APH (yield) insurance guarantees for 2009, the second highest prices ever offered. Prices for revenue insurance policies will not be known until the end of February.


Average Value Of Iowa Farmland Nears $4,500 An Acre In 2008 Survey, Michael Duffy Dec 2008

Average Value Of Iowa Farmland Nears $4,500 An Acre In 2008 Survey, Michael Duffy

Integrated Crop Management News

The average value of an acre of farmland in Iowa reached $4,468 in 2008, continuing to increase for the ninth year in a row, according to an annual survey conducted by Iowa State University Extension. Mike Duffy, ISU Extension farm economist who conducts the survey, said the indicators toward the end of the year imply the upward trend may be slowing as the national economy battles recessionary pressures.


Crop Market Outlook, Chad Hart Dec 2008

Crop Market Outlook, Chad Hart

Integrated Crop Management News

The delays in planting led to delays in crop development and conclude with delays in harvesting. As of Nov. 23, 86 percent of Iowa’s corn was harvested, roughly 12 percent behind normal. The harvesting backlog, in combination with higher fertilizer prices, has fall fertilizer application behind as well. Normally, over half of fall fertilizer applications are done by this point in the year. Currently, we are at 32 percent. The delays of the 2008 crop are slowing the prep work for the 2009 crop.


Crop Production And Outlook, Chad Hart Oct 2008

Crop Production And Outlook, Chad Hart

Integrated Crop Management News

The latest round of USDA updates to its World Agricultural Supply and Demand Estimates and Crop Production reports were released on Oct. 10. On the production side, pre-trade estimates had indicated little movement was expected. The October estimates from USDA showed increased corn and soybean production of 1 to 2 percent. The corn increase was driven by an increase in yields, up 1.7 bushels to 154 bushels per acre national average. The soybean increase was driven by a jump in acreage, with harvested area increasing by 2.15 million acres.


Crop Production And Outlook - The Demand Side, Chad Hart Oct 2008

Crop Production And Outlook - The Demand Side, Chad Hart

Integrated Crop Management News

The latest round of USDA updates to its World Agricultural Supply and Demand Estimates and Crop Production reports were released on Oct. 10. On the demand side, corn feed demand was projected at 5.35 billion bushels, up 150 million from last month, reversing the move from last month. Lower corn prices are seen as the major reason for this shift. Corn demand from ethanol was reduced by 100 million bushels to 4 billion bushels. While lower corn prices should be attractive to the ethanol industry, reduced transportation fuel consumption is a significant drag to the industry. Combined with general ...


Valuing Immature Grain Crops As Forage, William M. Edwards, Stephen K. Barnhart Sep 2008

Valuing Immature Grain Crops As Forage, William M. Edwards, Stephen K. Barnhart

Integrated Crop Management News

Late planted corn, soybeans and oats crops can be harvested as forages instead of for grain. Options include corn or oat silage, earlage, and oat or soybean hay. Estimating a value for these crops is made difficult by the fact there are few reported prices or significant markets in which they are bought and sold. However, there are two other general approaches to valuing grain crops harvested as forage. Both are based on comparisons to alternative actions by either the forage buyer or seller.


Credit Needs And Cash Rents Impacted By Higher Input Costs, William M. Edwards Aug 2008

Credit Needs And Cash Rents Impacted By Higher Input Costs, William M. Edwards

Integrated Crop Management News

Corn and soybean farmers have been enjoying record high prices and sizable profits for their past two crops. But higher input prices will eat into those margins in 2009. Many producers have already been confronted with soaring prices for fertilizer, with anhydrous ammonia selling for up to $1,000 per ton, payable in advance. Potash and phosphate fertilizers have shown similar increases. There are various reasons behind the sharply higher prices, but most of them are related to higher energy prices and their impacts on transportation and manufacturing costs. Seed, pesticide and fuel prices have also been affected, though to ...


Changes In Retail Fertilizer Market Impact Producers, Roger Ginder Aug 2008

Changes In Retail Fertilizer Market Impact Producers, Roger Ginder

Integrated Crop Management News

Major change in retail fertilizer markets over the past three years include price volatility and price increases. But, in addition to the unprecedented price volatility, basic changes in the trade practices at the manufacturing, wholesaling, and retail levels in the fertilizer value chain are affecting producers.


Crop Insurance May Help Flooded And Wet Corn And Soybean Acres, William M. Edwards Jun 2008

Crop Insurance May Help Flooded And Wet Corn And Soybean Acres, William M. Edwards

Integrated Crop Management News

Wet weather has delayed planting of corn and soybeans across the state, and flooding has severely damaged many acres that have been planted. Fortunately, nearly 90 percent of the corn and soybean acres in Iowa are covered by multiple peril crop insurance (MPCI), which can provide some relief.


Economic Impact Of Delayed And Prevented Planting, William M. Edwards Jun 2008

Economic Impact Of Delayed And Prevented Planting, William M. Edwards

Integrated Crop Management News

Most crop producers know that to achieve optimum yields it is important to plant early. However, in years like this when cold weather or frequent rains prevented tillage and planting from being completed, some adjustments may be made to the amount of coverage provided by Multiple Peril Crop Insurance (MPCI) as well as other types of crop insurance. These adjustments are subject to revision each year by the Risk Management Agency and crop insurance vendors.


Ethanol Demand: Growth And Implications For Grain Producers, Robert N. Wisner Feb 2007

Ethanol Demand: Growth And Implications For Grain Producers, Robert N. Wisner

Integrated Crop Management News

Midwest agriculture is in the midst of a rapid shift from primarily a food producer to being a major source of energy as well. Exceptionally high world crude oil prices in the last three years have brought huge investments in ethanol plants throughout the Midwest and even in areas far from the Corn Belt. In Iowa, combined corn processing capacity for ethanol and other corn products will soon be equivalent to more than half of the 2006 Iowa corn crop. If all planned plants are built, processing capacity would be equivalent to 133 percent of last year's crop--within three ...


The Economics Of Corn On Corn, Michael Douglas Duffy, David Correll Feb 2007

The Economics Of Corn On Corn, Michael Douglas Duffy, David Correll

Integrated Crop Management News

This article discusses some of the important factors to consider when contemplating corn on corn. Only the factors that apply to the individual producer will be discussed. There are a number of environmental and societal costs and benefits that are important; however, space does not permit going into that discussion here. The biggest factor in comparing the different rotations is the yield differences. Research has shown that there is a yield drag of approximately 5 to 15 percent for second-year corn relative to first-year corn. This yield difference varies by soil and location. The yield penalty is most prevalent in ...


Ag Energy: Risk Management, Energy, And Grain Issues, William M. Edwards Oct 2005

Ag Energy: Risk Management, Energy, And Grain Issues, William M. Edwards

Integrated Crop Management News

Nearly everyone has been impacted by higher fuel prices this year. Custom corn and soybean harvesters are no exception. Their increased costs will likely be factored into custom harvesting rates this fall. Estimates of diesel fuel consumption of combining corn range from 1.5 to 2.0 gallons per acre. Soybean harvesting takes only about 1.0 to 1.5 gallons per acre. Larger, newer combines will typically use less fuel per acre.