Transcript Insurance Plan Conversion Chart

2014 Spring
Producer Meeting
First Tribune Insurance Crop Update
Equal Opportunity Employer
1
Non‐Discrimination Statement
Non-Discrimination Statement
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and
activities on the basis of race, color, national origin, age, disability, and where applicable,
sex, marital status, parental status, religion, sexual orientation, genetic information,
political beliefs, reprisal, or because all or part of an individual’s income is derived from any
public assistance program. (Not all prohibited bases apply to all programs). Persons with
disabilities who require alternative means for communication of program information
(Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at (202) 720‐
2600 (Voice and TDD). To file a complaint of discrimination, write to USDA, Director, Office
of Civil Rights, 1400 Independence Avenue, S.W. Washington, DC 20250‐9410, or call (800)
795‐3272 (voice) or (202) 720‐6382 (TDD). USDA is an equal opportunity provider and
employer.

The information contained in this printed material might not account for recent changes
mandated by the Risk Management Agency with respect to the deliverance of the Federal Crop
Insurance Program.

Please call FTIA if you have any questions.
620-376-4239
[email protected]
WWW.FirstTribuneInsurance.com
WWW.Facebook.com/FirstTribuneInsurance


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First Tribune Insurance Crop Update
Equal Opportunity Employer
2
Sales Closing
THE 2014 SPRING SALES CLOSING DATE is March 15th
Is a change needed for your policy or your coverage?
1) Plan of Insurance/Level of Coverage
Does the current plan of insurance/level of coverage reflect the coverage needed for your
policy in today’s market?
2) Options – Do you need to add or remove certain options on your policy?
a. EU - This option is continuous.
If the option was elected in 2013 and you did not qualify; the EU option is applicable for the
2014 CY. Compare EU, with or without Trend Adjustment and different coverage levels.
b. Trend Adjustment – Must be elected at Sales Closing Date.
Compare Trend Adjustment option with different coverage levels and with or without EU.
c. Prevent Plant – Buy‐up – Must be elected at Sales Closing Date.
All Prevent Plant buy‐ups must first be approved by Approved Insurance Provider.
3) Entity Type - Is the current Entity Type still valid for 2014CY?
Taking the time to verify these can prevent potential problems discovered
at claim
time!
First Tribune Insurance Crop Update
Equal Opportunity Employer
3
Name on Policy
Please be sure to verify the correct entity. Ideally the entity name must
be exactly the same on your insurance as what is listed at FSA,
how you sell the commodity and how you file your INCOME TAXES!
Use the same name
1.
Insurance
2.
FSA office
3.
Settlement sheets
4.
Income taxes
Documents must be signed the way the policy is named
Nelson Farming Corporation should be signed “Nelson Farming Corporation by Jenna Nelson (Title)”

When you take grain to the elevator, you must get a Settlement sheet with the correct names and
shares before you transfer or sell the grain. Please remember this if you are going to transfer
grain to a landlord or if you decide to give grain to someone else as a donation.
This is extremely important for you to remember!!!
First Tribune Insurance Crop Update
Equal Opportunity Employer
4
Limited Resource Farmer
A limited resource farmer can waive their crop policy’s Administrative Fees
(1) Direct or indirect gross farm sales not more than $163,200 in each of the
previous two years (to be increased starting in fiscal year 2004 to adjust for
inflation using Prices Paid by Farmer Index as compiled by the National
Agricultural Statistical Service (NASS); and
(2) A total household income at or below the national poverty level for a
family of four, or less than 50 percent of county median household income
in each of the previous two years (to be determined annually using
Commerce Department Data).
See http://www.lrftool.sc.egov.usda.gov/LRP‐D.htm for the actual dollar
amount adjusted for inflation. The Limited Resource Self Determination Tool
may be used to determine if an insured qualifies as a limited resource
farmer.
First Tribune Insurance Crop Update
Equal Opportunity Employer
5
Person Type Changes

If any entity changes occur during the growing season,
notify First Tribune Insurance Agency immediately.
If change occurs before cancellation date, a new
application by Sales Closing Date is required.
(Married, divorced, change your trust etc.)

First Tribune Insurance Crop Update
Equal Opportunity Employer
6
New Producer
A New Producer (NP) is a person who has not been actively engaged in farming for a share of the production of the
insured crop in the county for more than 2 APH crop years
• The insured must not have produced the insured crop in the county for more than 2 APH crop years, ever (not limited
to just the last 10 years)
• Producing the crop includes being an SBI holder to a person who has been actively engaged in farming for a
share of the…
• If a crop is planted and insurable it is considered producing the crop for NP purposes (ie wheat for grain that gets
short-rated or corn for grain that gets harvested as silage)
• Producing the crop does not include when the crop is planted in such a way that it would not be insurable (ie wheat
planted with intent to graze/hay or silage-only type of corn planted for silage in grain only county)
Benefit is 100% of T-yield without having records, plus ability to qualify for Optional units
• If qualifying for New Producer with 1 or 2 years of actual records, those records must be provided
• Must request New Producer status by Production Reporting Date
• There is a field on the application and production report to indicate New Producer
• New Producers also need to turn in an Intended Acreage Report for Prevented Planting eligibility
purposes the first time they farm in a new county
• Intended Acreage Report for Prevent Plant eligibility not accepted if other crops previously grown in
county
First Tribune Insurance Crop Update
Equal Opportunity Employer
7
GRAIN FIRE ENDORSEMENT
PERILS COVERED:
We shall cover loss caused only by the peril of fire. All other conditions
and provisions of the policy remain the same except as changed or
provided in this endorsement.
A flat rate of $0.25 per $100 of insurance shall apply to all crop
classes and locations.
First Tribune Insurance Crop Update
Equal Opportunity Employer
8
Revenue & Yield Protection Base
Prices
2014
2013
$4.60 (Est.)
Soybeans
$11.26 (Est.) $12.87
$12.55
$13.75
Sunflower (confectionery)
Sunflower (Oil )
$0.272 (Est.)
$0.207(Est.)
$0.357
$0.282
$0.355
$0.305
$5.53
$5.87
$4.44(Est.)
$0.331
$0.266
$5.53
$5.68
2011
Corn
Grain Sorghum
$5.65
2012
$6.01
2010
$3.99
$9.23
2009
$4.04
$8.80
These are Kansas & Colorado base prices
2014 Projected price is set in the month of February
The prices will not be set until after February 28, 2014
First Tribune Insurance Crop Update
Equal Opportunity Employer
9
Discovery Dates
Projected price- The pre-harvest year’s average daily settlement price for the projected price discovery period for
the harvest year’s futures contract, as shown below, rounded to the nearest whole cent. The projected price will
be released no later than three business days following the end of the projected price discovery period.
Harvest price- The harvest year’s average daily settlement price for the harvest price discovery period for the
harvest year’s futures contract, as shown below, rounded to the nearest whole cent. The harvest price will be
released no later than three business days following the end of the harvest price discovery period.
Wheat
State
CO
KS
Commodity Exchange
KCBT
KCBT
Contract Month
September
July
Projected Price
Aug 15 to Sept 14
Aug 15 to Sept 14
Harvest Price
July 1 to July 31
June 1 to June 30
CBOT
CBOT
December
December
Feb 1 to Feb 28
Feb 1 to Feb 28
Oct 1 to Oct 31
Oct 1 to Oct 31
CBOT
CBOT
November
November
Feb 1 to Feb 28
Feb 1 to Feb 28
Oct 1 to Oct 31
Oct 1 to Oct 31
December
December
Feb 1 to Feb 28
Feb 1 to Feb 28
Oct 1 to Oct 31
Oct 1 to Oct 31
Corn & Grain Sorghum
CO
KS
Soybeans
CO
KS
Sunflowers
CO
KS
CBOT
CBOT
First Tribune Insurance Crop Update
Equal Opportunity Employer
10
Acreage Reporting Revisions
Changes can be made prior to the Acreage Reporting due date without
documentation
• After the Acreage Reporting due date, a signed, revised acreage report must
be submitted to the company
• For unreported acres that are part of a unit:
• Approved Insurance Provider must determine that a cause of loss has not
occurred
• The entire unit must be appraised at 90% of the APH yield
• For Enterprise units, the entire acreage must be assessed,
inspected, and appraised
• No revision of Prevented Planting acres is allowed after the
Acreage Reporting Date.
(It is very hard to get any changes approved after Acreage Reporting Date)
First Tribune Insurance Crop Update
Equal Opportunity Employer
11
Added Land Summary
If you add Less than 640 cropland acres
• Simple Average (SA) T-Yield or Variable T-yield (whichever
is higher)
B. Greater than or equal to 640 and less than 2,000
cropland acres
• Default is Variable T-yield or insured can make a request to
the RO to use the SA T-Yield
C. Greater than or equal to 2,000 cropland acres
• Variable T-Yields apply, no option to request SA T-yield
from the RO
Note: Insured can always use Variable T-yields, or the records
from a sharing party on added land being shared
[Sec. 15I, (3)]
First Tribune Insurance Crop Update
Equal Opportunity Employer
12
Added Land Request
Added Land Request form process
• Submit all documentation (i.e., 578’s, aerial photos,
legal descriptions, etc.) for the land in the farming
operation, not just the added land.
• Existing land acres must be noted on the Added Land
Request form in addition to the added land acres
• Added Land Request is preferred by production reporting
date but is required no later than acreage report date
• Insured's should request use of SA T-yield for all
crops the insured may ever plant on added ground
• Not just what is planted the first year ground is added
First Tribune Insurance Crop Update
Equal Opportunity Employer
13
Enterprise Unit
Producer may elect enterprise unit
 You must make such election on or before the sales closing date 3/15/2014
for the insured crops in the unit and report such unit structure on your
acreage report.
Simplified Explanation
• Two sections minimum, each with planted acreage
that comprises at least the lesser of 20 acres or 20%
of insured acreage in the EU
• If planted acreage in more than two sections we can
aggregate parcels to meet the 20/20 rule
EU election is continuous until cancelled
• Beware! – If insured fails to qualify for Enterprise Units for the current crop year, the next
year EU will still be on the policy. EU is continuous until cancelled in writing.
First Tribune Insurance Crop Update
Equal Opportunity Employer
14
Enterprise Plus (EP+)



Purchasing the EP+ policy will provide individual subunit coverage to protect against isolated losses that do
not trigger an enterprise unit indemnity. If the
underlying Federally reinsured policy triggers a loss at
the enterprise unit, then EP+ coverage expires and
premium is earned and payable.
Only available through Great American & ADM this year.
If you are interested come to First Tribune and we will
do quotes for your farm.
First Tribune Insurance Crop Update
Equal Opportunity Employer
15
Trend Adjustment
•
•
•
•
•
•
Optional – must be elected by SCD
Adjusts each eligible yield in database (Actual & YA only)
Available on buy up levels of RP, YP, RPHPE - not available on CAT
Cups and yield floors not applicable when TA is elected for the crop
›
Even on a unit with a database that does not qualify for TA
›
Practices/types excluded from TA by RMA are still eligible for cups/floors
SA T-Yields must be recalculated in subsequent years if the insured removes the TA
election
›
Any 2013 SA T-Yield calculated from approved APH yields that were based on actual
yields with Trend Adjustment must be replaced with Variable T-yields if TA is cancelled
for 2014
›
If RMA cancels TA for the crop/practice, AIP can recalculate SA T-Yield
Approved APH yield will not be less than what it would have been w/out the TA
adjustment OR greater than the highest actual yield in the database plus one year of trend
adjustment
First Tribune Insurance Crop Update
Equal Opportunity Employer
16
APH Database Qualifications for TA
•
•
•
•
•
•
•
•
APH database must have at least one actual yield in one of the four most recent crop years to qualify
for TA
If the APH database contains fewer than four actual yields in the 12 most recent crop years the trend
adjustment is reduced as follows:
1.
One actual yield = 25 percent of trend adjustment;
2.
Two actual yields = 50 percent of trend adjustment;
3.
Three actual yields = 75 percent of trend adjustment;
4.
Four or more actual yields = 100 percent of trend adjustment

(If 2 actual in last 12 and TA is 2 bushels, adjustment would be 1 bu.)
2002 is last year in the database we can use to find our 4 actuals in the most recent 12 years (2014 – 12
= 2002)
TA amounts vary from year to year
›
2014 TA factors:
TA factors for Greeley County SF & Irr. Wheat 0.1, Irr. Corn is 0.32, Irr. Grain Sorghum is 0.19
TA factors for Wichita County SF & Irr. 0.1 Wheat Irr. Corn is 0.43, Irr. Grain Sorghum is 0.18
TA factors for Wallace County SF & Irr. 0.11 Wheat Irr. Corn is 0.23, Irr. Grain Sorghum is 0.22
TA factors for Hamilton County SF & Irr. 0.11 Wheat Irr. Corn is 1.04, Irr. Grain Sorghum is 0.22
First Tribune Insurance Crop Update
Equal Opportunity Employer
17
Notice of Loss Deadlines
Provisions require notice of loss w/in 72 hours after
discovery of damage, but not later than 15 days after
end of insurance period
• End of insurance period is not always the calendar date! (Harvest, destroy the
crop etc.)
• Prevent Plant Notice of Loss must be w/in 72 hours after:
• Final plant date if no intention to plant during the Late Plant
period, or if Late Plant period not applicable
• Insured determines he/she will be unable to plant w/in
any applicable Late Plant period
• Revenue losses must be submitted no later than 45 days
after release of Harvest price
First Tribune Insurance Crop Update
Equal Opportunity Employer
18
Destroyed Without Consent
Reminder
If insured acreage is put to another use prior to
notifying your crop insurance company and/or
receiving permission to leave representative
sample areas, the acreage will be considered as
destroyed without consent. Appraisal of “not
less than the guarantee” will be assessed against
the applicable acreage.
First Tribune Insurance Crop Update
Equal Opportunity Employer
19
Consent
Policyholders must obtain Consent from their Approved Insurance
Provider (AIP) before, and notify them after they:
• Destroy any of the insured crop that is not harvested,
• Put the insured crop to an alternative use,
• Put the acreage to another use, or
• Abandon any portion of the insured crop
First Tribune Insurance Crop Update
Equal Opportunity Employer
20
Destroying Acres

What constitutes acreage being destroyed without consent?
 Insured replanted without notifying the company, or prior to
adjuster releasing the acreage to be replanted.
 Insured destroys acreage (grazing or mechanical means) without
proper and timely notification.

What is the claim penalty for acreage that is
destroyed without consent?
 An appraisal, of not less than the guarantee,
will be assessed on such acreage.
 No payable indemnity
First Tribune Insurance Crop Update
Equal Opportunity Employer
21
Transfer of coverage
Transfer of coverage
 APH Impact in Subsequent Crop Year
 Added- The year of transfer counts as a
year of producing the crop for both parties


The transferee must certify the acreage and production history on or before
the Production Reporting Date for he following crop year. The year of
transfer counts as a year of producing the crop for both the transferor and
the transferee. Incomplete or unacceptable productions reports will result
if the transferee fails to certify acreage and production for the applicable
crop year.
First Tribune Insurance Crop Update
Equal Opportunity Employer
22
APH Reviews –
APH Reviews can be easy to complete if the insured sticks to these simple guidelines:
1. The insured must keep production records separated by crop, practice, type, unit, and
the actual crop year.
2. (S)he must sort the records by the 578 producer prints (identify every acre in review
and separate by unit and county), settlement sheets, and soft records.
3. The insured must record daily livestock feedings.
4. (S)he must print combine monitor records and store those records with settlement
sheets.
5. The insured cannot split truckloads, tickets, and bins between units without proper
soft records for commingled production.
6. If the insured wants to store current production with production from prior crop years,
a third party must pre-measure the earlier production.
7. The insured should keep his/her original records and provide the AIP with copies.
First Tribune Insurance Crop Update
Equal Opportunity Employer
23
Hard records-Settlement Sheets
Hard Records
Hard records are production records
that prove the final disposition of
the total crop and are verifiable
by a third party. If the settlement
sheet lists multiple counties,
separate the production by
county.
The insured must submit the total
production by crop, regardless of
his/her share. E.g., if an insured
splits the shares 50/50, he or she
cannot double half of the
production but must provide
records for all of it.
Settlement Sheets must clearly
indicate each crop years’
production, show all of the
production sold, and include
the following items:
 Buyer’s Name
 Buyer’s Address
 Insured’s Name
 Shares
 Load/Ticket Number
 Crop
 Gross Weight
 Tare Weight
First Tribune Insurance Crop Update
Equal Opportunity Employer
24
Soft Records
First Tribune Insurance Crop Update
Equal Opportunity Employer
25
APH Record Requirements
Farm Stored Production
You must mark your bins
Must be verified during APH review
Production from previous year must be
measured before adding current crop year
Measurements must be made by RMA, FSA,
or Approved Insurance Provider
representatives
First Tribune Insurance Crop Update
Equal Opportunity Employer
26
Record Keeping

The insured must provide acceptable production records that
support the certified production report at the time of a review,
whenever an APH review is required.

What are the consequences if the insured doesn’t keep good
records?


If the insured has an APH audit (Example: result of a high dollar loss) it may
result in:
 Assigned yields
 Commingled production
 Loss of optional units
 Overpayment of claims – even in past years
Failure to provide access to insured crop, records needed to determine the loss,
or records requested for a review will result in no indemnity due on a claim.
First First
Tribune
Insurance
Crop Update
Tribune
Insurance
Crop Update
Equal Opportunity
Employer
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27
Silage/High Moisture/Appraisal
Requirements
MUST be appraised before cutting/chopping
in order to collect a loss.
 Please call First Tribune Insurance 620376-4239 before you harvest!!
 Get production in from those units for loss
determination.

28
First Tribune Insurance Crop Update Equal Opportunity Employer
1st Crop 2nd Crop
If the 1st insured crop is planted but fails, insured has three options:
1. Plant Nothing
On Acreage Report you must report the crop that was planted and failed.
Will collect 100% of the loss and will pay 100% of the premium on the 1st crop.
2. Plant 2nd crop but chooses not to insure it
On Acreage Report you must report the uninsured acres.
Production from uninsured acres must be kept separate from insured acres.
Will collect 100% of the loss and pay 100% of the premium on the 1st crop.
3. Plant and insure 2nd crop
•On the Acreage Report you must report both 1st and 2nd crop acreage.
•Will collect 35% of the loss and pay 35% of the premium on the 1st crop. Will collect
additional 65% of the indemnity and pay additional 65% of premium if no loss on 2nd crop.
-Would also pay 100% of premium on 2nd insured crop
-Act limits indemnity, not premium.
-Insureds must make decision to not insure the 2nd crop by: Time the 1st insured crop is released.
First Tribune Insurance Crop Update
Equal Opportunity Employer
29
New Breaking Written Agreement

For acreage that requires a written agreement for insurability per Section 9
of the Basic Provisions the written agreement request must be submitted
by the Sales Closing Date 3/15/2014

Special Provision New Breaking Statement– [Acres Allowed]
 Up to & including 320 acres of NB Acreage meeting the SP requirements might
be insurable without a written agreement
 Per Insured Entity; and
 Per Sales Closing Date (SCD)
 September 30; and
 March 15

Any NB Acreage over 320 acres requires a NB WA
First Tribune Insurance Crop Update
Equal Opportunity Employer
30
NB Coverage via Written Agreement
•
•
•
•
•
Written Agreements (WA) due by SCD
WA will provide 65% T-yield if true native sod
If ground previously broken, WA will be 80% T-yield
NB acreage must be reported by CLU (FSA farm/tract/field) on acreage report, production
report, and APH database
›
If not, policy will not clear RMA edits
›
Policies must be Mapped in 2014
If in a county with the New Breaking Insurability Request option, the RO will only do NB
WA on policies that do not meet requirements that allow AIPs to approve
›
Acreage minimums exceeded
›
Soil Type Capability class not met
›
Deadline to break out NB acreage was missed
First Tribune Insurance Crop Update
Equal Opportunity Employer
31
Coverage on Acreage Emerging from
USDA Program
The Crop Insurance Handbook now states “Acreage Emerging from a USDA Program” instead
of just CRP
There is no procedural changes, however
If acreage planted within first two years of emergence, insured uses history prior to CRP or
gets 100% of T-yield on CRP acreage for initial year
CRP acreage must be reported separately on acreage report, with a separate APH database,
and CLU’s identified and maintained on units containing CRP
Must report by FSA farm/tract/field to clear RMA edits
We need a copy of the 578 from the FSA office.
2nd year after planting, separate databases are combined and standard APH procedures
apply
First Tribune Insurance Crop Update
Equal Opportunity Employer
- 32
CRP Procedure
This Chart is for Illustration Purposes Only
1st Year Planted
1.
2.
Acreage is insurable without written agreement.
APH(s) and acreage reports must be identified/reported
separately on the applicable CRP acreage.
3.
4.
CLU’s must be identified and maintained on CRP acreage
Standard unit division/PTV guidelines apply*
1st Year
OR
1st Year
Prior history applicable to CRP
acreage may be (re)certified by
the production reporting date.
100% of county T-Yield will
apply to the CRP acreage.
*SA Ts, PTYs and MYs are
NOT applicable to CRP acreage
the first year.
*SA Ts, PTYs and MYs are
NOT applicable to CRP acreage
the first year.
2nd Year
2nd Year
1.
2.
If applicable, APH
databases within a unit
must be combined.
Standard T-Yield / APH
rules apply.
YES
Is the acreage
planted within 2
crop years of
emergence from
CRP program?
1.
2.
NO
NB WA procedures apply
If applicable, APH
databases within a unit
must be combined.
Standard T-Yield / APH
rules apply.
First Tribune Insurance Crop Update
Equal Opportunity Employer
33
CRP Acreage and Prevented Planting
•
•
•
CRP acreage coming into production in a county containing the
“Physically Able to Plant” language in the Special Provisions is NOT
eligible for Prevented Planting the first year it is planted to a crop
If in a county without the “Physically Able to Plant” language, acreage
coming out of CRP may be eligible for PP if all other policy requirements
are met
The change made to the “Physically Able to Plant” language for 2014
Spring crops does not change the determinations above
First Tribune Insurance Crop Update
Equal Opportunity Employer
34
Premium Date

Premium Billing Date for Wheat


Due July 1, 2014
Premium Billing Date for all Spring Crops
Due August 15, 2013
---------------------------------------------------------
First Tribune Insurance Crop Update
Equal Opportunity Employer
35
Kansas T-Yields
2014 T-Yields - Kansas
Crop
Corn
Grain Sorghum
Silage Sorghum
Sunflower-Oil
Sunflower-Conf.
Soybeans
Oats
Onions:
Red
White
Yellow
Dry Beans:
Great Northern
Light Red Kidney
Pea (Navy, Med. White)
Pink
Pinto
Small White
Barley Winter
Barley Spring
Millet-MPCI
Wheat
Greeley Co
T-Yield
Irr
Non-Irr
Wallace Co
T-Yield
Irr
Non-Irr
Wichita Co
T-Yield
Irr
Non-Irr
Hamilton Co
T-Yield
Irr
Non-Irr
Kearny Co
T-Yield
Irr
Non-Irr
Sherman Co
T-Yield
Irr
Non-Irr
169
84
16.1
1550
1550
49
30
34
43
5.9
877
877
16
30
171
93
16.1
1563
1563
52
30
42
36
5.2
991
991
14
30
177
104
18.1
1518
1519
43
30
52
66
6.4
1182
1182
None
30
148
84
15.6
1499
1501
49
None
32
44
5.4
855
855
None
None
179
84
16.4
1579
1579
46
None
51
52
5.7
855
855
None
None
178
98
15.8
1708
1527
51
30
34
42
6.1
879
739
14
30
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
160
250
265
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
1618
1618
None
None
1442
1442
None
None
1618
1618
None
None
None
None
None
None
1618
1618
None
None
1688
1688
None
None
1618
1618
1618
1618
None
None
None
None
1442
1442
1442
1442
None
None
None
None
1618
1618
1618
1618
None
None
None
None
None
None
None
None
None
None
None
None
1618
1618
1618
1618
None
None
None
None
1688
1688
1688
1688
None
None
None
None
43
43
40
45
29
29
25
28(cc18)
43
43
40
45
29
29
25
31(cc19)
43
43
40
47
29
29
25
36(cc25)
43
43
40
44
29
29
25
28
43
43
40
45
29
29
25
32
43
43
40
52
29
29
25
33(cc21)
ALL quotes are always free of charge!
First Tribune Insurance Crop Update
Equal Opportunity Employer
36
Colorado T-Yields
2014 T-Yields - Colorado
Kiowa Co
T-Yield
Non-Irr
Crop
Irr
Corn
Corn Silage Colo Ton
Grain Sorghum
Silage Sorghum
Sunflower-Oil
Sunflower-Conf.
Soybeans
Oats
Onions:
Red
White
Yellow
Dry Beans:
Great Northern
Light Red Kidney
Pea (Navy, Med. White)
Pink
Pinto
Small White
Barley Winter
Barley Spring
Millet-MPCI
Wheat
Prowers Co
T-Yield
Irr
Cheyenne Co
T-Yield
A, B, C, D, 4, 5
1, 2, 3
Non-Irr
A, 2, 3, 4
Irr
1, 2, 3
Non-Irr
A, B, 3
128
16,19,20,26,26,26
110,116,151
20,24,24,37
161
7,21,25
52
16,19,23,25,35,35
16,19,24
246,642,749,910,910,1070
181,473,552,671,671,789
None
None
15,21,23,26
2.0,2.5,3.1,3.6
516,609,718,845
465,549,648,762
None
None
62
1,425
1,354
None
None
29,36,55
8.6,10.8,16.3
855,1040,1425
814,990,1356
17,26,34
None
1328,1328,1562
1268,1268,1492
523,617,726
464,547,644
None
None
None
None
None
None
160
270
300
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
1727
1727
1537
1537
1727
1727
None
None
None
None
None
None
58
58
40
23
9,12,15,20,20,23
9,12,15,20,20,23
8,10,13,18,18,20
8,10,18,24,21,24
37,42,59
37,42,59
None
28,38,42
11,15,18,21
11,15,18,21
None
14,18,22,32
54
54
40
43
12,14,21
12,14,21
12,14,21
17,19,23
ALL quotes are always free of charge!
First Tribune Insurance Crop Update
Equal Opportunity Employer
37
Plant Dates
2014
E = Earliest Plant Date
L = Last Plant Date
LAST PLANT DATES
KANSAS
Wheat
Barley
Corn
Dry Beans
Grain Sorghum
Millet
Oats
Soybeans
Sunflowers
Greeley
20-Oct
10/20 - 4/30
E4/10 - L5/25
E4/26 - L6/25
E4/26 - L6/25
25-Jun
31-Mar
E4/26 - L6/20
E4/25 - L6/25
Hamilton
20-Oct
10/20 - 4/30
E4/5 - L5/25
N/A
E4/26 - L6/25
25-Jun
N/A
E4/26 - L6/25
E4/25 - L6/25
Harper
5-Nov
11/05 - 4/30
E4/1 - L5/25
N/A
E4/26 - L6/25
N/A
31-Mar
E4/15 - L6/25
E4/20 - L6/25
Kearny
20-Oct
10/20 - 4/30
E4/5 - L5/25
E4/26 - L6/25
E4/26 - L6/25
25-Jun
N/A
E4/26 - L6/25
E4/25 - L6/25
Lane
20-Oct
10/20 - 4/30
E4/05 - L5/25
N/A
E4/26 - L6/25
N/A
N/A
E4/26 - L6/20
E4/25 - L6/25
Pratt
05-Nov
11/5 - 4/30
E4/1 - L5/25
N/A
E4/26 - L6/25
N/A
31-Mar
E4/26 - L6/25
E4/20 - L6/25
Sherman
15-Oct
10/15 - 4/30
E4/10 - L5/25
E4/26 - L6/25
E4/26 - L6/25
25-Jun
31-Mar
E4/26 - L6/15
E4/25 - L6/25
Wallace
15-Oct
10/15 - 4/30
E4/10 - L5/25
E4/26 - L6/25
E4/26 - L6/25
25-Jun
31-Mar
E4/26 - L6/20
E4/25 - L6/25
Wichita
20-Oct
10/20 - 4/30
E4/10 - L5/25
E4/26 - L6/25
E4/26 - L6/25
25-Jun
31-Mar
E4/26 - L6/20
E4/25 - L6/25
Wheat
Barley
Corn
Dry Beans
Grain Sorghum
Millet
Oats
Soybeans
Sunflowers
-
COLORADO
Arapahoe
15-Oct
NA
4/30
E4/15 - L5/25
N/A
N/A
25-Jun
N/A
N/A
E5/15 - L6/15
Baca
15-Oct
10/15 - 4/30
E4/15 - L5/25
N/A
E4/16 - L6/20
N/A
N/A
E5/5 - L6/25
E5/15 - L6/25
Cheyenne
15-Oct
10/15 - 4/30
E4/15 - L5/25
E5/15 - L6/20
E5/1 - L6/15
25-Jun
N/A
N/A
E5/15 - L6/20
Kiowa
15-Oct
10/15 - 4/30
E4/15 - L5/25
N/A
E5/1 - L6/20
25-Jun
N/A
N/A
E5/15 - L6/20
Lincoln
15-Oct
NA
NA
E4/15 - L5/25
E5/15 - L6/20
E5/1 - L6/15
25-Jun
N/A
N/A
E5/15 - L6/20
Prowers
15-Oct
10/15 - 4/30
E4/15 - L5/25
N/A
E4/16 - L6/20
N/A
N/A
E5/5 - L6/25
E5/15 - L6/25
-
E = Earliest Plant Date
L = Last Plant Date
First Tribune Insurance Crop Update
Equal Opportunity Employer
38
Coverage Levels & Premium Subsidies
50
55
60
65
70
75
80
85
Enterprise
Unit
80%
80%
80%
80%
80%
77%
68%
53%
Basic Unit
67%
64%
64%
59%
59%
55%
48%
38%
Optional Unit 67%
64%
64%
59%
59%
55%
48%
38%
Whole Farm
80%
Unit
80%
80%
80%
80%
80%
71%
56%
Coverage Level
Subsidy
Factors
First Tribune Insurance Crop Update
Equal Opportunity Employer
39
“Top 5” problems we see at FTIA.
1.
2.
3.
4.
5.
Share on the settlement sheets is different than it is insured.
Delay in production. (Farmers telling us they don’t have a loss, when they
do, resulting in them not getting paid because they didn’t turn production,
in timely.)
Farmers changing shares, acres, or names at the FSA office and not at First
Tribune Insurance.
Incomplete acreage reports. (Forgetting to report all acres that are planted,
whether insurable &/or non-insurable.)
Farmers forgetting to report seed wheat in their production.
First Tribune Insurance Crop Update
Equal Opportunity Employer
40
Power of Attorney
Insureds may grant a 3rd party authority to sign crop insurance
documents through a legally executed Power of Attorney form (POA)
• A legally executed POA must specify authority to sign for crop
insurance purposes
• New for 2014, Crop Insurance Handbook says for spouse or others to sign for
insured, must have POA or other “legally sufficient document”
A signature statement on Application form serves as “legally sufficient document”
This means all spousal policies will need to have the signature statement or a POA signed
for 2014 If you want the spouse to be able to sign on a policy.
We have POA forms with us today.
First Tribune Insurance Crop Update
Equal Opportunity Employer
41
EFT CLAIM PAYMENTS
Direct Deposit
When you work sun-up to sun-down, you need all the help you can get.
ARMtech and Great American now offer Direct Deposit on claim payments.
Policy holders can sign up for direct deposit on their respective websites
ARMtech: www.armt.com
Click on Policy Holders (in the dark blue tab)
Sign In using your Username and Password
Click on My Profile (in the dark blue tab)
Click on the button to the right of Direct Deposit Information
Enter in the appropriate information
Click on Accept
Great American: www.GreatAmericacrop.com
Click on Bill and Claim Pay (in the dark blue line)
Click on the Electronic Claim Payment Form
Enter in the appropriate information
Click on Submit
We also have forms available which can be filled out and mailed in to the respective companies.
First Tribune Insurance Crop Update
Equal Opportunity Employer
42
Things to Remember
•
Entity Changes – FSA, MPCI, Grain Sales
•
Marriages / Divorces / Death
•
New Breaking / CRP
•
Tax ID Changes
•
Authorization to sign (Spouses)
First Tribune Insurance Crop Update
Equal Opportunity Employer
43
MOBILE APPS
ARMtech and Great American now offer Mobile App access for their policyholders.
ARMtech: iPhone, iPad, Android
Go to your App store and search for Armtech
Download the App
Sign-in using your Username and Password
If you need a Username and Password call 800-335-0120 x1007
Great American: iPhone & iPad (coming soon for Android)
Download GAIC Connect from the iTunes Store
Register using your policy number and your billing zip code
First Tribune Insurance Crop Update
Equal Opportunity Employer
44
Crop Insurance Companies
First Tribune Insurance Crop Update
Equal Opportunity Employer
45
Important Dates
March 15, 2014: Sales Closing
Deadline to apply, reinstate, cancel or make changes to your 2014 Spring Crop Insurance contract.
Earliest Planting Dates: Corn 04/10/2014 Kansas (04/15/2014 Colorado)
Grain Sorghum 04/26/2014 Kansas (Colorado 5/1/2014, except Prowers 4/16/2014) Soybeans 04/26/2014 Sunflowers
04/25/2014 Kansas (05/15/2014 Colorado)
Final Planting Dates: Wheat 10/20/2013 (Greeley, Hamilton, Kearny, Lane, Wichita) Wheat 10/15/2013 (Sherman, Wallace)
10/15/2013 (Colorado)
Corn 05/25/2014 Grain Sorghum 06/25/2014 Kansas Grain Sorghum 6/15/2014 (Cheyenne & Lincoln CO) 6/20/2014
(Kiowa & Prowers CO) Soybeans 06/20/2014 Sunflowers 06/25/2014 Kansas Sunflowers 6/20/2014
(Cheyenne, Kiowa & Lincoln CO) 6/25/2014 (Powers CO)
Acreage Reporting Date: Wheat 12/16/2013 Kansas (11/15/2013 Colorado) Corn 07/15/2014 Grain Sorghum 07/15/2014
Soybeans 07/15/2014 Sunflowers 07/15/2014
July 1, 2014: Wheat Premiums are due
July 15, 2014: Spring Acreage Reporting Deadline
Report all spring planted acres and planting dates.
Report any Prevented Planting Acres
*Please have your FSA-578 Form and Maps at this time. The acres we report MUST match your FSA-578 Certified Acres.
July 31, 2014: Deadline to pay wheat premiums without interest being charged.
September 30, 2014:
Wheat Sales Closing Deadline
Unpaid wheat premium goes on uninsurable list
August 15, 2014: Spring (corn, grain sorghum) Premiums are due
September 14, 2014: Deadline to pay 2014 spring premiums without interest being charged.
First Tribune Insurance Crop Update
Equal Opportunity Employer
46