2021 Harvest Prices & Production Reports

The harvest prices for the 2021 crop insurance year have just been finalized as they were set throughout the month of October.

Corn $5.37

79 c/bu increase vs spring price (+17.2%)

Soybeans $12.30

43 c/bu increase vs spring price (+3.6%)

When the harvest price is HIGHER than the spring price, under MPCI revenue protection, the yield GUARANTEE stays the same, but IF your yield falls below your bushel guarantee, then you get paid the HIGHER harvest price for each bushel lost.

  • If you want to know your specific loss trigger yield for your policy (EU) or field (OU), please call, text, or email.

The best time to report your production is as soon as you finish with harvest - while it is still fresh in your mind.

December 10th, 2021 - MPCI coverage EXPIRES

  • We would like to get your production reported by Dec 10th so we can check for losses & file a claim if needed.

  • We will check your policy for any losses so you don’t miss out on a potential payment.

  • If you have not finished harvesting by Dec. 10th, please let us know by Dec. 10th so a claim can be filed to appraise all unharvested acres.

ONCE you have your PRODUCTION RECORDS ready, PLEASE LET US KNOW so we can get your crop insurance production report filled out.

  • If possible, we like to get a copy of your PRODUCTION RECORDS (ex. elevator summary sheets, bluetooth grain cart records, bin measurements, etc.)

  • If you would like your GRAIN BINS MEASURED, please contact our office as soon as you are finished with harvest.

  • If you would like to use your PRECISION harvest YIELD MAPS to report your production, give us a call and we would be happy to help. **NEED to CALIBRATE harvest monitor to within 3% of a scale weight & RECORD it **

If you have questions or think we can help, please contact us.

2019 Fall Insurance Update

Grain Bins - CARRYOVER GRAIN

  • If you still have any 2018 grain in your bins, do NOT put 2019 crop in BEFORE you have an insurance adjuster measure  =>  Contact us ASAP and we will get a measurement scheduled.

SILAGE, High Moisture Corn, and Ag Bags

  • If you are going to have:

    • Corn chopped for silage

    • Grain stored in ag bags

    • High moisture corn going to a bunker or a high moisture bin

  • Please contact us ASAP, we will talk about options and more than likely we will want to get an adjuster out to do an appraisal BEFORE you harvest.

WHEAT

  • Sept. 30th, 2019 is the last day to add or change your MPCI wheat coverage for your wheat planted this fall (2020 crop year).

    • Please contact us if you would like to add or review your coverage.

    • We also like to have your yields and bushels reported for the wheat you harvested this past summer by this date so that we can run accurate quotes for your 2020 crop if needed.

      • Nov. 14th is the official Production Reporting Deadline

  • Oct. 15th - Final Plant Date

  • Nov. 15th - Acreage Reporting Deadline

2019 CORN & SOYBEAN HARVEST

  • If the current PRICE DECLINE in corn & soybeans holds through October, under MPCI revenue protection & RAMP, the yield at which you will trigger a loss increases to help make up for the lower price.  Please DO NOT assume you do not have a loss.

estimated-harvest-prices.png

  • LOSS UNITS & Production Records

    • If delivered to a commercial facility, we will need to get a copy of your load summary sheets, not just individual tickets.

    • If stored in your grain bins:

      • Record which field/unit is in each grain bin

      • If you place more than one field/unit in a single bin, make sure you have an acceptable load log by field/unit -OR- place a mark on the side of the bin before adding grain from the next field

    • LOAD LOGS - an acceptable load log could be:

      • Printed scale tickets from a grain cart or farm scale.

      • Precision harvest yield maps from your combine monitor.

      • A grain cart equipped with a Bluetooth Libra or iForeman system.

    • Give us a call if you have questions about acceptable records or if you want help figuring out a method that works BEST for YOUR operation.

REPORTING PRODUCTION

  • The best time to report your production is as soon as you finish harvesting - while it is still fresh in your mind.

  • December 10th is the End of the Insurance Period (EOIP) - with that said, we like to have ANY POSSIBLE claims filed by this date. To do so, we would like to get your production reported by then so we can check for losses & file a claim if needed.  We will check all of your yields for losses so you don’t miss out on a potential payment.

  • ONCE you have your records ready, we would like to help you fill out the production report.  We can come to your farm or meet in the office - just give us a call to set up a time.

  • If possible, we like to get a copy of your PRODUCTION RECORDS (ex. elevator summary sheets, bluetooth grain cart records, bin measurements, etc.)

  • If you would like your bins measured, please contact our office as soon as you are finished with harvest.

  • If you would like to use your precision harvest yield maps to report your production, give Jason a call and he would be happy to help.

Thank you for your business & have a safe harvest!

Mike, Jason & Karlee