Federal Crop Insurance deadline Is March 15


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Posted Online: Feb. 01, 2013, 1:00 pm
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Press release submitted by Country Financial




Illinois farmers recovering from last summer's drought will need to start planning their federal crop insurance coverage needs in advance of the March 15 signup deadline.



Some farmers will find lower rates due to reductions made by the Risk Management Agency based on changes in the federal rating methodology. The Trend-Adjusted Actual Production History option has been expanded to the entire state. It allows farmers to have their actual production history based on recent county yield trends.



"Last summer's devastating drought magnified the importance of risk management in protecting crop assets. Crop insurance represents a vital tool in risk planning," says Sheri Bane, director of commercial/agribusiness for COUNTRY.

Other notable federal crop changes include a High Risk Alternative Coverage Endorsement provides separate reduced-yield coverage on high-risk acres within a county. The endorsement further allows for revenue protection at a lower coverage level, or an equal or reduced level of yield coverage. In addition, blue corn contract growers in select Central Illinois counties can obtain a Yield Protection policy.


Farmers can secure coverage through yield, revenue and county protection policies. Some farmers could qualify for Enterprise Unit coverage that insures all acres of an individual crop within a county.

Farmers can further reduce risk by developing a grain marketing plan. COUNTRY financial representatives can help farmers secure market analysis and grain contracts through AgriVisor LLC, a joint venture of Growmark Inc. and Illinois Farm Bureau.

"We've been insuring Illinois farmers for 87 years. Our certified crop representatives and crop specialists ensure farmers secure the appropriate coverage for their individual operations," says Bane.

COUNTRY is among the leading federal crop insurers in Illinois. In addition to federal crop insurance, COUNTRY also offers crop hail insurance for hail, vandalism and fire damage to standing crops not covered by federal crop insurance. The GrainGuard® policy provides protection for harvested grain and offers additional replant coverage options.



















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  Today is Saturday, May 25, the 145th day of 2013. There are 220 days left in the year.
1863 -- 150 years ago: The annual review of the fire department of this city took placeyesterday and made a fine showing with machines and hose carts in tip-top order.
1888 -- 125 years ago: Last night's prayer meeting at Central Presbyterian Church wascalled off due to water in the basement, residue of last week's flood.
1913 -- 100 years ago: The junior class of Rock Island High School will hold a riverexcursion on the steamer St. Paul next Tuesday.
1938 -- 75 years ago: The 75th Anniversary of the Rock Island Arsenal today finds thenation's largest ordinance manufacturing plant filling many important orders for the army.
1963 -- 50 years ago: Miss Patrice Daly, Rock Island, a senior at Rock Island HighSchool, won second place in the recent state public speaking contest held in Peoria underthe auspices of the Knights of Pythias.
1988 -- 25 years ago: Hampton's sesquicentennial committee and the Hampton HistoricalSociety have scheduled a full slate of activities, which will be held throughout the year, to celebrate the village's 150th birthday. The first celebration will be the Memorial Dayprogram at 10 a.m. May 30, at the Brettun and Black Store Museum on River Road. Therewill be a sesquicentennial display.




(More History)