Insurance and Replanting Damaged Fields : vimarsana.com

Insurance and Replanting Damaged Fields


OMAHA (DTN) — As farmers in parts of the Corn Belt see flooded spots across fields and hail damage from the stretch of intense storms over the past week, questions about crop insurance, revenue guarantees and possible second-crop options come into play for at least a short window, crop-insurance experts explain.
For most farmers carrying 80% revenue protection coverage on that crop that was already planted, the best advice would be to let the insurance policy go to work for you.
“When you get into late June and early July, just put the planter away and work with your crop-insurance agent or your adjuster,” said Steve Johnson a retired farm management specialist from Iowa State University who still counsels farmers on their insurance options. “If you’ve got crop insurance, and you’ve got the right coverage and products in place, you are not going to replant.”

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