First Tribune Insurance Crop Update Equal Opportunity Employer - PowerPoint Presentation

Slide1

First Tribune Insurance Crop Update Equal Opportunity Employer

2014 Spring

Producer Meeting

First Tribune Insurance

1

Slide2

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 withdisabilities 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, Officeof 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 andemployer.

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

Lesa@FirstTribuneInsurance.comWWW.FirstTribuneInsurance.comWWW.Facebook.com/FirstTribuneInsurance

First Tribune Insurance Crop Update Equal Opportunity Employer

2

Slide3

Sales Closing

First Tribune Insurance Crop Update Equal Opportunity Employer

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!

3

Slide4

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

InsuranceFSA officeSettlement sheets

Income taxesDocuments 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

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Slide5

Limited Resource Farmer

First Tribune Insurance Crop Update Equal Opportunity Employer

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 theprevious two years (to be increased starting in fiscal year 2004 to adjust forinflation 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 afamily of four, or less than 50 percent of county median household incomein each of the previous two years (to be determined annually usingCommerce Department Data).See http://www.lrftool.sc.egov.usda.gov

/LRP‐D.htm for the actual dollaramount adjusted for inflation. The Limited Resource Self Determination Toolmay be used to determine if an insured qualifies as a limited resource

farmer.

5

Slide6

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

Slide7

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

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Slide8

GRAIN FIRE ENDORSEMENT

First Tribune Insurance Crop Update Equal Opportunity Employer

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 cropclasses and locations. 8

Slide9

Revenue & Yield Protection Base Prices

2014 2013 2012

2011 2010 2009

Corn $4.60 (Est.) $5.65 $5.68 $6.01 $3.99 $4.04

Soybeans

$11.26 (Est.)

$12.87 $12.55 $13.75 $9.23 $8.80

Sunflower (confectionery)

$0.272 (Est.)

$0.331 $0.357 $0.355

Sunflower (Oil )

$0.207(Est.)

$0.266

$0.282 $0.305

Grain Sorghum

$4.44(Est.)

$5.53

$5.53 $5.87

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

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Slide10

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 Commodity Exchange Contract Month Projected Price Harvest Price

CO KCBT September Aug 15 to Sept 14 July 1 to July 31KS KCBT July Aug 15 to Sept 14 June 1 to June 30Corn & Grain SorghumCO CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31KS CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31

Soybeans

CO CBOT November Feb 1 to Feb 28 Oct 1 to Oct 31

KS CBOT November Feb 1 to Feb 28 Oct 1 to Oct 31

Sunflowers

CO CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31

KS CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31

Discovery Dates

First Tribune Insurance Crop Update Equal Opportunity Employer

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Slide11

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 mustbe 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 theAcreage Reporting Date.(It is very hard to get any changes approved after Acreage Reporting Date)First Tribune Insurance Crop Update Equal Opportunity Employer

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Slide12

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 2,000cropland acres• Default is Variable T-yield or insured can make a request tothe 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-yieldfrom the RONote: Insured can always use Variable T-yields, or the recordsfrom a sharing party on added land being shared[Sec. 15I, (3)]First Tribune Insurance Crop Update Equal Opportunity Employer

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Slide13

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 farmingoperation, not just the added land.• Existing land acres must be noted on the Added LandRequest 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 allcrops the insured may ever plant on added ground• Not just what is planted the first year ground is addedFirst Tribune Insurance Crop Update Equal Opportunity Employer

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Slide14

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 acreagethat 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 canaggregate parcels to meet the 20/20 ruleEU 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

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Slide15

Enterprise Plus (EP+)

Purchasing the EP+ policy will provide individual sub-unit 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

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Slide16

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 CATCups and yield floors not applicable when TA is elected for the crop

Even on a unit with a database that does not qualify for TAPractices/types excluded from TA by RMA are still eligible for cups/floorsSA T-Yields must be recalculated in subsequent years if the insured removes the TA electionAny 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

2014If 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

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Slide17

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 TAIf the APH database contains fewer than four actual yields in the 12 most recent crop years the trend adjustment is reduced as follows:One actual yield = 25 percent of trend adjustment;

Two actual yields = 50 percent of trend adjustment;Three actual yields = 75 percent of trend adjustment; 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 year2014 TA factors:

TA factors for Greeley County SF & Irr. Wheat 0.1,

Irr

. Corn is 0.32,

Irr. Grain Sorghum is 0.19TA 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

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Slide18

Notice of Loss Deadlines

Provisions require notice of loss w/in 72 hours after

discovery of damage,

but not later than 15 days afterend 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/inany applicable Late Plant period• Revenue losses must be submitted no later than 45 daysafter release of Harvest priceFirst Tribune Insurance Crop Update Equal Opportunity Employer

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Slide19

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 Employer19

Slide20

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 Employer20

Slide21

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

Destroying AcresFirst Tribune Insurance Crop Update Equal Opportunity Employer21

Slide22

Transfer of coverage

Transfer of coverage

APH Impact in Subsequent Crop YearAdded- The year of transfer counts as a year of producing the crop for both partiesThe 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

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Slide23

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 reviewand 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 settlementsheets.5. The insured cannot split truckloads, tickets, and bins between units without propersoft 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

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Slide24

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 SharesLoad/Ticket Number

Crop Gross WeightTare Weight

First Tribune Insurance Crop Update Equal Opportunity Employer

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Slide25

Soft Records

First Tribune Insurance Crop Update Equal Opportunity Employer

25

Slide26

APH Record Requirements

Farm Stored Production

First Tribune Insurance Crop Update Equal Opportunity Employer

You must mark your binsMust be verified during APH reviewProduction from previous year must be measured before adding current crop yearMeasurements must be made by RMA, FSA, or Approved Insurance Provider representatives

26

Slide27

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 productionLoss of optional unitsOverpayment of claims – even in past yearsFailure 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.

Record Keeping

First Tribune Insurance Crop Update

Equal Opportunity Employer

27

First Tribune Insurance Crop Update Equal Opportunity Employer

Slide28

Silage/High Moisture/Appraisal Requirements

MUST be appraised before cutting/chopping in order to collect a loss.

Please call First Tribune Insurance 620-376-4239 before you harvest!!

Get production in from those units for loss determination.First Tribune Insurance Crop Update Equal Opportunity Employer

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Slide29

1st

Crop 2nd

CropFirst Tribune Insurance Crop Update Equal Opportunity Employer

If the 1st insured crop is planted but fails, insured has three options:1. Plant NothingOn 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 itOn 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 1

st

crop.3. Plant and insure 2nd

crop

On the Acreage Report you must report both 1

st

and 2

nd

crop acreage.

Will collect 35% of the loss and pay 35% of the premium on the 1

st

crop. Will collect additional 65% of the indemnity and pay additional 65% of premium if no loss on 2

nd

crop.

Would also pay 100% of premium on 2

nd

insured crop

Act limits indemnity, not premium.

-

Insureds

must make decision to not insure the 2

nd

crop by: Time the 1

st

insured crop is released.

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Slide30

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 3/15/2014Special Provision New Breaking Statement– [Acres Allowed]

Up to & including 320 acres of NB Acreage meeting the SP requirements might be insurable without a written agreementPer Insured Entity; and

Per Sales Closing Date (SCD)September 30; andMarch 15Any NB Acreage over 320 acres requires a NB WAFirst Tribune Insurance Crop Update Equal Opportunity Employer

New Breaking Written Agreement 30

Slide31

NB Coverage via Written Agreement

Written Agreements (WA) due by SCD

WA will provide 65% T-yield if true native sodIf 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 databaseIf not, policy will not clear RMA editsPolicies must be Mapped in 2014If 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 exceededSoil Type Capability class not metDeadline to break out NB acreage was missedFirst Tribune Insurance Crop Update Equal Opportunity Employer31

Slide32

Coverage on Acreage Emerging from USDA Program

First Tribune Insurance Crop Update Equal Opportunity Employer

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 yearCRP acreage must be reported separately on acreage report, with a separate APH database, and CLU’s identified and maintained on units containing CRPMust report by FSA farm/tract/field to clear RMA editsWe need a copy of the 578 from the FSA office.2nd year after planting, separate databases are combined and standard

APH procedures apply

-

32

Slide33

CRP Procedure

This Chart is for Illustration Purposes Only

Is the acreage planted within 2 crop years of emergence from CRP program?

YES

1st YearPrior history applicable to CRP acreage may be (re)certified by the production reporting date.

*SA Ts, PTYs and MYs are NOT applicable to CRP acreage the first year

.

NO

2

nd

Year

If applicable, APH databases within a unit must be combined.

Standard T-Yield / APH rules apply.

1

st

Year Planted

Acreage

is insurable

without

written agreement

.

APH(s

)

and

acreage reports

must be identified/reported

separately

on the applicable CRP

acreage

.

CLU’s

must be identified and maintained on CRP

acreage

Standard

unit division/PTV guidelines

apply*

1

st

Year

100% of

c

ounty T-Yield will apply to the CRP acreage.

*SA

Ts

, PTYs and MYs are NOT applicable to CRP acreage the first year.

2

nd

Year

If applicable, APH databases within a unit must be combined.

Standard T-Yield / APH rules apply.

NB WA procedures apply

OR

First Tribune Insurance Crop Update Equal Opportunity Employer

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Slide34

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 metThe change made to the “Physically Able to Plant” language for 2014 Spring crops does not change the determinations aboveFirst Tribune Insurance Crop Update Equal Opportunity Employer

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Slide35

Premium Date

Premium Billing Date for Wheat

Due July 1, 2014

Premium Billing Date for all Spring CropsDue August 15, 2013----------------------------------------------------------

First Tribune Insurance Crop Update Equal Opportunity Employer 35

Slide36

Kansas T-Yields

First Tribune Insurance Crop Update Equal Opportunity Employer

2014 T-Yields - Kansas

 

Greeley Co

Wallace Co

Wichita Co

Hamilton Co

Kearny Co

Sherman Co

Crop

T-Yield

T-Yield

T-Yield

T-Yield

T-Yield

T-Yield

 

Irr

Non-Irr

Irr

Non-Irr

Irr

Non-Irr

Irr

Non-Irr

Irr

Non-Irr

Irr

Non-Irr

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corn

169

34

171

42

177

52

148

32

179

51

178

34

Grain Sorghum

84

43

93

36

104

66

84

44

84

52

98

42

Silage Sorghum

16.1

5.9

16.1

5.2

18.1

6.4

15.6

5.4

16.4

5.7

15.8

6.1

Sunflower-Oil

1550

877

1563

991

1518

1182

1499

855

1579

855

1708

879

Sunflower-Conf.

1550

877

1563

991

1519

1182

1501

855

1579

855

1527

739

Soybeans

49

16

52

14

43

None

49

None

46

None

51

14

Oats

30

30

30

30

30

30

None

None

None

None

30

30

Onions:

 

 

 

 

 

 

 

 

 

 

 

 

Red

None

None

None

None

None

None

160NoneNoneNoneNoneNone WhiteNoneNoneNoneNoneNoneNone250NoneNoneNoneNoneNone YellowNoneNoneNoneNoneNoneNone265NoneNoneNoneNoneNoneDry Beans:             Great Northern1618None1442None1618NoneNoneNone1618None1688None Light Red Kidney1618None1442None1618NoneNoneNone1618None1688None Pea (Navy, Med. White) 1618None1442None1618NoneNoneNone1618None1688None Pink1618None1442None1618NoneNoneNone1618None1688None Pinto1618None1442None1618NoneNoneNone1618None1688None Small White1618None1442None1618NoneNoneNone1618None1688None             Barley Winter 432943294329432943294329Barley Spring 432943294329432943294329Millet-MPCI 402540254025402540254025Wheat 4528(cc18)4531(cc19)4736(cc25)442845325233(cc21)  ALL quotes are always free of charge!

36

Slide37

Colorado T-Yields

First Tribune Insurance Crop Update Equal Opportunity Employer

2014 T-Yields - Colorado

 

Kiowa Co

Prowers Co

Cheyenne Co

Crop

T-Yield

T-Yield

T-Yield

 

Irr

Non-Irr

Irr

Non-Irr

Irr

Non-Irr

 

 

A, B, C, D, 4, 5

1, 2, 3

A, 2, 3, 4

1, 2, 3

A, B, 3

 

 

 

 

 

 

 

Corn

128

16,19,20,26,26,26

110,116,151

20,24,24,37

161

7,21,25

Corn Silage Colo Ton

 

 

 

 

 

 

Grain Sorghum

52

16,19,23,25,35,35

29,36,55

15,21,23,26

62

16,19,24

Silage Sorghum

 

8.6,10.8,16.3

2.0,2.5,3.1,3.6

 

 

Sunflower-Oil

1,425

246,642,749,910,910,1070

855,1040,1425

516,609,718,845

1328,1328,1562

523,617,726

Sunflower-Conf.

1,354

181,473,552,671,671,789

814,990,1356

465,549,648,762

1268,1268,1492

464,547,644

Soybeans

None

None

17,26,34

None

 

 

Oats

None

None

None

None

 

 

Onions:

 

 

 

 

 

 

Red

None

None

160

None

 

 

White

None

None

270

None

 

 

Yellow

None

None

300

None

 

 

Dry Beans:

 

 

 

 

 

 

Great Northern

None

None

None

None

1727

None

Light Red Kidney

None

None

None

None

1727

None

Pea (Navy, Med. White)

None

None

None

None

1537

None

Pink

None

None

None

None

1537

None

Pinto

None

None

None

None

1727

None

Small White

None

None

None

None

1727

None

 

 

 

 

   Barley Winter 589,12,15,20,20,2337,42,5911,15,18,215412,14,21Barley Spring 589,12,15,20,20,2337,42,5911,15,18,215412,14,21Millet-MPCI 408,10,13,18,18,20NoneNone4012,14,21Wheat 238,10,18,24,21,2428,38,4214,18,22,324317,19,23  ALL quotes are always free of charge!   37

Slide38

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

 

 

 

 

 

 

 

 

 

 

COLORADO

 

 

 

 

 

 

 

 

 

 

Wheat

Barley

Corn

Dry Beans

Grain Sorghum

Millet

Oats

Soybeans

Sunflowers

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-Oct10/15 - 4/30E4/15 - L5/25N/AE4/16 - L6/20N/AN/AE5/5 - L6/25E5/15 - L6/25Cheyenne15-Oct10/15 - 4/30E4/15 - L5/25E5/15 - L6/20E5/1 - L6/1525-JunN/AN/AE5/15 - L6/20Kiowa15-Oct10/15 - 4/30E4/15 - L5/25N/AE5/1 - L6/2025-JunN/AN/AE5/15 - L6/20Lincoln15-OctNA - NAE4/15 - L5/25E5/15 - L6/20E5/1 - L6/1525-JunN/AN/AE5/15 - L6/20Prowers15-Oct10/15 - 4/30E4/15 - L5/25N/AE4/16 - L6/20N/AN/AE5/5 - L6/25E5/15 - L6/25           E = Earliest Plant Date       L = Last Plant Date      First Tribune Insurance Crop Update Equal Opportunity EmployerPlant Dates 38

Slide39

Coverage Level

50

55

60

65

70

75

80

85

Subsidy Factors

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

Unit

80%

80%

80%

80%

80%

80%

71%

56%

Coverage

Levels & Premium Subsidies

First Tribune Insurance Crop Update Equal Opportunity Employer

39

Slide40

“Top 5” problems we see at FTIA.

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

Slide41

Power of Attorney

Insureds

may grant a 3rd party authority to sign crop insurancedocuments through a legally executed Power of Attorney form (POA

)• A legally executed POA must specify authority to sign for cropinsurance 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

Slide42

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 websitesARMtech: 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.

42

First Tribune Insurance Crop Update Equal Opportunity Employer

Slide43

Things to Remember

Entity Changes – FSA,

MPCI, Grain Sales

Marriages / Divorces / DeathNew Breaking / CRPTax ID ChangesAuthorization to sign (Spouses)

First Tribune Insurance Crop Update Equal Opportunity Employer43

Slide44

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 

44

First Tribune Insurance Crop Update Equal Opportunity Employer

Slide45

Crop Insurance Companies

First Tribune Insurance Crop Update Equal Opportunity Employer

45

Slide46

Important Dates

March

15, 2014: Sales ClosingDeadline 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