Fay Benson – SCNY Cornell Regional Dairy Team
Once again we find ourselves watching the calendar days flipping by and continued wet weather keeping farmers from working in the field. If the wet weather continues to keep farmers from planting their corn and soybeans, it prevents them from a timely harvest of first cutting hay crops. This not only reduces the quality but sets the stage for the rest of the hay harvest though out the summer. For those farmers that purchased crop insurance on their corn or soybeans they can sleep a little easier at night. This is because they have options to leave fallow those fields that are too wet to plant or are drowned after they are planted by using the “Prevented Planting” or “Replant” options of their crop insurance policy.
A number of farmers I have interviewed claim their sole reason for buying crop insurance is for the prevented planting option which is available on corn and soybean policies. Prevented planting decisions should be made as you approach the final planting date for the crop. In New York, June 10th is the Final Planting Date for soybeans, and for silage and grain corn.
To receive Replant payments, you must have a loss of the lesser of 20 acres or 20% of the insured planted acres to qualify for a replant payment. Be sure to contact your crop insurance agent once you decide replant is needed. Do not destroy any evidence of the initial planting before reporting the loss to your sales agent.
Can be claimed as any insurable cause of loss that keeps you out of the fields prior to 6/10/2019, providing the cause is general in the area, and other requirements are met. If a farmer applies for prevented planting they will receive 55% of the crops guarantee for corn and 60% of the crop’s guarantee for soybeans. When signing up for crop insurance farmers have the option to increase their prevented planning coverage by 5% of their guarantee by paying a premium.
One added decision farmers will need to make this year is the possibilities of “Market Facilitation Program” payments being made by the government. If Prevented Planting is used those acres will have no bushels to apply for such payments.
If your planting is delayed or prevented due to an insurable cause, be sure to notify your crop insurance agent in writing within 72 hours of the final planting date for the affected crop. Additionally, if you participate in Farm Service Agency (FSA) programs, it is important to report your prevented planting acreage within 15 calendar days after the final planting date for the crop in order to receive prevented planting acreage credit.