Federal Crop Insurance deadline Is March 15


Share
Posted Online: Feb. 01, 2013, 1:00 pm
Comment on this story | Print this story | Email this story
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.

















 



Local events heading








  Today is Friday, April 18, the 108th day of 2014. There are 257 days left in the year.
1864 -- 150 years ago: A new steamer, Keithsburg, now is at our levee taking on board the balance of her fixtures preparatory to assuming her position on the daily Rock Island and Keokuk line.
1889 -- 125 years ago: C.W. Hawes was appointed deputy county clerk by county clerk Donaldson.
1914 -- 100 years ago: Mrs. O.E. child, of Moline, was named president of the Women's Home Missionary Society of the Methodist Church Rock Island District of the Central Illinois conference.
1939 -- 75 years ago: Augustana College is making plans for a drive for funds to erect a field house and make football field improvements.
1964 -- 50 years ago: A expanded election coverage system featuring a 16-foot chalkboard showing up to the minute running totals, attracted a large and enthusiastic crowd to The Argus newsroom last night.
1989 -- 25 years ago: Balloons frame Rock Island attorney Stewart Winstein who was given a surprise party in the rotunda of the Rock Island County Courthouse on Thursday to honor his 50th year of practicing law.




(More History)