Options for Farmers Unable to Plant Corn by May 25
- Acres can still be planted to corn during the late planting period with the crop still being insured. However, the coverage will decline by 1 percent each day and acres planted are not eligible for prevented planting.
- Acres could be planted to soybeans or another crop. Crop insurance would still be available on the crop if coverage has already been purchased for the crop on other acres. Factors which could influence the decision on whether to plant an alternative crop include: fertilizer or herbicide applications; crop rotations; potential trade aid; underlying economic and market conditions.
- After the late planting period for corn ends June 14, the acres could still be planted to another crop, and a prevented planting payment of 35 percent of corn coverage received, but a premium of 35 percent of the corn premium must be paid. Taking this option also means the acres will receive a 60 percent yield plug in the APH history.
- Acres can be left unplanted and if eligible receive a prevented planting payment equal to 55 percent of the original production guarantee. However, the USDA These acres can be planted to a cover crop so long as the cover crop is not hayed or grazed prior to November 1 and the cover crop cannot be harvested for grain or seed at any time. The APH on the acres will not be affected. Prevented planted acres are not eligible for per acre “trade aid” payments.
What is your reaction?