Sunday, February 19, 2012

New options in federal crop insurance

The deadline for farmers to make decisions for their 2012 Crop Insurance coverage is a little less than a month away.? Bob Dewey, crop insurance coordinator for Country Financial says the Trend Adjusted APH option gives farmers a new tool to increase their federal crop insurance guarantee.? ??It?s actually increasing the yields that they are using for their guarantee,? he says.? ?When we increase their yields it makes it easier for them to have a claim.?

Dewey says a lot of farmers are exploring the new trend adjustment option, ?allowing them to increase their guarantees and back off on their coverage level.?? He says, ?A lot of farmers were looking at the 85 percent coverage level last year ? but with this new option farmers can reduce their coverage to the 80 percent coverage level and still get about the same protection as the 85 percent coverage level and even save themselves some money.?

Dewey tells Brownfield because the yields used currently for crop insurance guarantees don?t accurately reflect a farmer?s yield potential; the Trend Adjustment APH gives farmers another viable option for risk management.

Source: http://brownfieldagnews.com/2012/02/18/new-options-in-federal-crop-insurance/

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