Margin Protection Input Tracking
If you purchased Margin Protection last September for the 2022 crop season, you may be wondering how the inputs are tracking. Margin Protection includes fixed costs and variable costs to determine the Expected Margin by county. The variable costs will impact a potential claim payment. The projected variable costs were [...]
Workers Compensation Audits When You Use Sub-Contractors
Several insurance companies are moving away from accepting Iowa Workforce Development form 14-0061 to exclude sole-proprietors and LLCs without employees from workers compensation audits. Iowa House File 259, passed in April 2015, mandated a new reporting website for sole-proprietors and LLCs without employees to file their workers compensation exemption. That [...]
2021 Harvest Price
2021 Crop Insurance Prices calculated through the month of October. Corn - Harvest Price $5.37 - Spring Price $4.58 Below is a chart showing the 2021 Corn Price against the Average of 2012-2021. You can see the 2021 went against the trend. Other notable years were 2012 and 2020 [...]
Climate Pre-Harvest Checklist
Here are a few reminders to getting Climate ready for harvest. Update software: Both Fieldview Apps and Yield Monitor software. CAB App version 14.7.1 Confirm the Drive is connected to iPad on the bottom corner of the Cab App Home screen. If not, go to settings and devices to connect. [...]
Crop Insurance Shrink Factors
For crop insurance, shrink corn to 15% and soybeans to 13%. Example: 1,000 wet bushels of corn @ 20% moisture Look up the 20% moisture factor (.9400) Take 1,000 bushels x .9400 shrink factor = 940 dry bushels (15%) Here are the crop insurance shrink factor tables for [...]
Crop Insurance Harvest Reminders
Below are a few crop insurance reminders for the upcoming 2021 harvest season. Appraisals Chopping Silage: Need to get an appraisal if you have loss. Need to get an appraisal if you chop more than 50% of the unit. It is beneficial to get an appraisal in any situation. Grain [...]
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