July 2024 Newsletter

Acreage Reporting Deadline is Monday, July 15

Don’t forget to report your acres

Contact CIP Agency at 605-845-2850 to report your acres if you have not done so already.

If you have reported already, Thank you! We are mailing out folders with your crop insurance summary and maps. Please review this folder for accuracy and let our office know if there are any corrections or questions.

 

Putting a crop to an alternative use

Please notify us if you plan to hay or graze any insured crop.

Many times oats, millet or corn is planted and used as hay, silage or grazed instead of combined. Please notify us before the crop is cut or grazed so it can be appraised.

If your crop has received any damage, please notify us immediately. Include the county, crop, time and type of damage.

June 2024 Newsletter

TIME TO REPORT ACRES!

When reporting your planted acres to crop insurance, accuracy is crucial. Ensure that you document the exact number of acres planted for each crop, following the guidelines provided by your insurance provider. Double-checking the information before submission can help avoid discrepancies that may affect your coverage later on. It is advisable to keep detailed records of your planting activities and be prepared to provide supporting documentation if needed. Timely and precise reporting of your planted acres will help ensure a smooth process and accurate coverage under your crop insurance policy.

Information needed for Acreage Reporting

  • Crop, Type and Plant Date

  • Planted Acres and/or Prevented Planting Acre

  • Legal Description and CLUs

  • List Any Person Sharing and Percentages

If you have any questions or would like assistance in filling out your maps, please contact our office before the deadline and we would be happy to help!

May 2024 Newsletter

Prevented Planting Resources

Prevented Planting

Prevented Planting is a risk management strategy utilized by farmers when it is not possible to plant crops due to unfavorable weather conditions or other factors. This option allows farmers to receive indemnity payments if they are unable to plant an insured crop by the final planting date. By choosing prevented planting, farmers can mitigate potential financial losses caused by circumstances beyond their control.

To determine if you qualify for prevented planting, you should contact your crop insurance agent. They will review your specific situation and provide guidance on eligibility based on the relevant criteria outlined in your insurance policy. It is important to reach out to them promptly to understand your options and next steps.

To file prevented planting, you need to contact your crop insurance agent within 72 hours of deciding not to plant. Your agent will provide you with the necessary forms to submit a prevented planting claim. It's essential to document the decision-making process and keep records of field conditions as evidence for the claim. Submit the required forms promptly to ensure a smooth processing of your prevented planting claim.

For more information click on “Resources” below to view our website

March 2024 Newsletter

2024 projected price

Spring Wheat….………$6.84

Spring Oats….…………$3.38

Corn……………..…….. $4.66

Grain Sorghum……..….$4.67

Oil Sunflower…...……..$0.238

Confection Sunflower…$0.288

Soybeans………………. $11.55

Projected Crop Insurance Prices Released

Crop insurance price is a significant factor for farmers when considering risk management strategies. The cost of crop insurance can vary depending on various factors such as the type of crop, location, coverage level, and historical yield data. Farmers often evaluate different insurance options to find the best coverage that suits their needs while remaining cost-effective. Understanding the intricacies of crop insurance pricing is essential for farmers to make informed decisions to protect their crops and livelihoods.

Sales Closing Deadline March 15th, 2024

Deadline Approaching for Changes to Crop Insurance Contract

Attention all farmers!

Please be advised that the deadline for adjusting your crop insurance policy is quickly approaching. It is crucial to act promptly and make the necessary modifications to ensure that your coverage aligns with the changing needs of your farm.

We strongly urge you to conduct a detailed review of your current insurance policies to guarantee optimal protection for your crops. Don't hesitate to get in touch with CIP Agency as soon as possible to discuss customized insurance options that are designed to meet your individual requirements before the deadline.

Thank you for your attention to this matter.