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Did you know you can save money on your crop insurance by electing to cover cropping?

January 5, 2023/0 Comments/in Agricultural Insurance, News/by kingsgateinsur

Watch the video below to learn more on how you can do so!

  • What is the benefit?
    • Crop insurance premium support is a benefit available to qualifying cover crops. During the 2022 crop year the premium support was $5 per acre. In September Mike Naig, the Iowa Secretary of Agriculture, announced the Iowa Department of Agriculture and Land Stewardship (IDALS) will again offer the crop insurance discount program.
  • Who can sign up?
    • This program is for farmers and landowners who plant fall cover crops followed by a spring-planted cash crop.
  • When can I sign up?
    • Although sign up begins 12/1, farmers are encouraged to apply after their cover crop seeding is completed. Doing so would help prevent changes to the application in case there are changes to fields seeded. Get your application in by January 27, 2023 to be assessed for discount program eligibility.
  • How does it work?
    • Once IDALS verifies the eligibility of applications, applicants will be notified. IDALS sends that list of eligible applications to the USDA Risk Management Agency, known as RMA. RMA works with the Approved Insurance Providers (AIPs) and the incentive is applied to crop insurance invoices. Participants can expect to receive their normal crop insurance premium invoice with the incentive applied.

Reach out to Chelsea Heatherington at Kingsgate Insurance to talk more about the relationship between conservation and crop insurance.

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https://www.kingsgateinsurance.com/wp-content/uploads/2023/01/Cover-Crop.jpg 1080 1920 kingsgateinsur https://kingsgateinsurance.com/wp-content/uploads/2021/12/best-in-class-insurance.jpg kingsgateinsur2023-01-05 06:56:182023-01-05 06:57:23Did you know you can save money on your crop insurance by electing to cover cropping?
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