1. Fall Ag Seminar
Thursday • August 29, 2019

2. Production Tracking Keep units separated Keep counties separated
COMMINGLING
If commingling different units, you MUST keep written records of truck/wagon for each unit
OLD Crop
Adjuster must measure 2018 crop before adding 2019 crop

3. Livestock Feeders Silage
Adjuster MUST adjust crop before field is chopped
Bin Run Feed
If feeding from grain bin, records must be kept each day of grain
coming in, and grain going out
Daily records of number of head on feed, and average weight

4. Precision Crop Reporting (PCR) Calibration
Use your technology to make crop insurance easier
Use as planted maps for Acreage Reports
Use yield data for production reporting
Connect with your TruAcre technician on proper calibration processes
Calibrate to manufacturer requirements
Fill out your calibration report

5. Visit our Website to Download the Claim Calculator
Claims Examples
Visit our Website to Download the Claim Calculator

6. Profit and Loss Examples

7. Private Products Boost by CRS Ramp by FMH Sales closing March 15th
Buy up to 95 percent coverage to help cover shallow losses
Boost by CRS
Ramp by FMH
Harvest Price triggered
Sales closing March 15th
Premium Range $18-$25/acre
Revenue Net
Select two-week periods starting in July
Election is buy-up for next year crop insurance
Sales closing is the last day of each election period
Maximum $1 price increase/ period on corn and $2 for soybeans

8. Pasture, Range Land and Forage (PRF)
Rainfall index-based on rainfall for selected months
Index interval is a two-month period
Using all months
Coverage level from 70 to 90 percent
You get paid on the difference of selected coverage and actual rainfall
NOAA uses actual rain fall your determined area
Does not measure direct production or loss.
The producer is ensuring a rainfall index that is expected to estimate production.
Sales Closing is November 15th
Premium $10-$25/acre

9. Margin Protection (MP)
MP protects expected operating margin
The difference between expected revenue and specific expected costs.
Based on county averages
• MP takes into consideration changes in:
Crop prices
Reductions of yields
Changes in the prices of inputs used to grow the crop
Sales closing September 30th
Premium range $20-$40/acre
Margin-based inputs
Diesel
Nitrogen (UREA)
Phosphorus (DAP)
Potassium (POTASH)
Seed
Interest

10. AGRICULTURE RISK COVERAGE
ARC/PLC-SCO
2019 & 2020 elections the same, 2021 crop and following selected annually by grower
AGRICULTURE RISK COVERAGE
Based on county average
5-year Olympic average for price x 86%
5-year Olympic average for yield x 70%
PRICE LOSS COVERAGE
Payment calculation = RATE x YIELD x ACRES
Rate = Difference between reference price and marketing year average price
Yield = Historic payment yields
Acres = 85% x base acres of selected crop
SCO Buy-Up
Can elect up to 86 percent coverage depending on selected MPCI coverage
Sales Closing is July 15th

11. Thank You for Joining Us Today!
• leeagencyinc.com
Thank You for Joining Us Today!