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Crop Insurance 101: Replant Coverage Explained

May 27, 2024/0 Comments/in Agricultural Insurance, News/by kingsgateinsur

REPLANT REMINDERS
(may vary – check with your agent)

Notify the company and obtain authorization BEFORE destroying initially planted acreage and replanting the same crop.

Eligibility:
-Replanted acreage must not have been originally planted before the earliest planting date.
-Must consist of at least 20 acres or 20% of the insured planted acreage.
-Crop damage must be severe enough that the remaining stand won’t produce 90% of the production guarantee.

Maximum Replanting Payment:
Corn: 8 bushels x $4.66 (spring price) / bu x share
Soybeans: 3 bushels x $11.55 (spring price) / bu x share

Replanting Conditions: If eligible and field conditions are favorable, replanting is practical up to 10 days after the final planting date.

Acreage Reporting: Use the original plant date for replanted acres on your report. Payments are processed after the acreage report is completed.

To learn more about the insurance products available for farm risk management, reach out to Chelsea Heatherington at Kingsgate Insurance.

Chelsea Heatherington, Farm & Ag Specialist

Call or Text: 515-302-8400

Email: chelsea@kingsgateins.com

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