Fall Crops Sales Closing
Fall crops are winter wheat, forage, and rye. Now is the time to make changes to these crops!
Contract changes are to be made on fall crops from now until Sales Closing, September 30, 2025. What does this mean for you and your operation? We have officially entered the new year in crop insurance! September marks the beginning of the 2026 crop year and the first crops we look at are wheat (winter wheat), forage, rye and triticale (in some counties). Don’t have these crop on your contract? Now is the time to add them! Want to change your coverage or options? We can do that!
Since its the start of the 2026 crop year crop insurance policies can be created, transferred or cancelled. Let us know if you need to start a new entity such as an LLC or Corp.
Finished combining wheat?
Get those bushels reported to us as soon as you can!
The projected price is $6.55/bushel on spring wheat. The harvest price was announced at $5.69/bushel. So now what? Is your wheat insured for $6.55 or $5.69?
Well, technically we use both to calculate guarantees. Here’s how, start with the approved yield for that field and multiply it by your coverage %. For example, 45 bushel approved yield, multiplied by 60% coverage is 27 bushels.
45 bushels x 60% = 27 bushels
27 bushels is your trigger yield. Anything under 27 bushels/acre would potential be a loss and you should turn a claim in. Take your 27 bushels and multiply it by the number of acres, 25 acres in this case and you have your production guarantee, 675 total bushels.
27 bushels x 25 acres = 675 total bushels
The total bushels are then multiplied by the projected price of $6.55 to equal your total guarantee of $4421.25.
675 bushels x $6.55 = $4421.25
When the harvest price is released, it is used to calculate a new total bushel amount. The total guarantee of $4421.25 is divided by the harvest price of $5.59 to calculate total bushels of 777.
$4421.25 divided by $5.69 = 777 bushels
Now instead of triggering a loss at 675 bushels from 25 acres, 777 bushels will trigger a loss.
Now wasn’t that fun?! :)
Bottom line, get the wheat bushels to us and ask us to do all the fun math to see if there is a loss. Remember, a claim can’t get paid unless it’s turned in!