While there aren’t a lot of crop insurance changes this year, the updates are positive. Jason Williamson of Williamson Insurance Agency recently sat down with us to outline the 3 things farmers should be aware of this year.
- You can now plant soybeans beginning April 15 and qualify for re-plant coverage. It was previously April 24, so this opens a new window of time allowing you to plant earlier if we see warm weather in early spring.
- You now have the option to insure double-crop soybeans. Other counties near Lake Erie and south of I-70 had this option previously but Midwest Ohio did not. It should be noted it’s not required, just available.
- Trend line yields by county increased quite a bit from last year. For example, Allen county yields for corn increased from 171.8 to 177 bu/acre. This is good news for those insurance policies that base payments on county yield numbers vs. individual farm yields.
- March 15 – Final day to add/change/cancel coverage for soybeans and corn
- July 15 – Corn and Soybean acreage reports due
- September 30 – Final day to add/change/cancel coverage for wheat
- December 15 – Wheat acreage reports due
Looking for an Ag Lender? Call us today!
