Planting Early A Risky Venture, Regardless Of Favorable Weather

Planting corn or soybeans before early planting dates could be a risky move for growers with certain types of crop insurance, a Purdue Extension agricultural economist says.

According to the USDA’s Risk Management Agency, Indiana and Ohio farmers with individual crop insurance plans have no replant coverage on corn planted before April 6, or soybeans planted before April 21. That means if the crop is damaged or destroyed, insurance will not cover the cost to replant it.

“One thing the crop insurance policies are intended to do is promote farmers following good farming practices,” said George Patrick. “Planting before these dates runs a higher risk of loss, so it is not encouraged by crop insurance.”

The early planting regulations do not apply to county-based group risk or income protection plans.

“If producers with individual insurance plans follow the regulations and don’t plant their crops too early and the crop is destroyed, they will receive a payment that about replaces cost of the seed,” Patrick said.

But in the case of corn, poor 2011 growing conditions mean that additional seed might not be available for replanting, said Alan Galbreth, chief executive for the Indiana Crop Improvement Association.

“Seed corn yields last summer were down 20-30 percent, South American production this winter has not met yield expectations, and carryover seed stock inventories were lower than normal prior to last summer’s production issues,” he said. “There should be enough seed for planting, but choices of hybrids and maturity ranges are somewhat limited now and could be very limited for replant seed.”

While crop insurance plans and initial seed orders had to be purchased by now, it’s still important for producers to talk with their insurance agents and seed representatives to fully understand what risks they face if they choose to plant early.

The Risk Management Agency also has more information via online fact sheets here.

Leave a Reply

Management Stories
ManagementMACA 2014: The State Of The Agricultural Industry, And Then Some
October 9, 2014
The trade association’s annual gathering featured speakers from across agriculture and beyond. Read More
StewardshipA Multi-Layered Approach To Water Quality
October 6, 2014
Illinois event highlights research and technology designed to better monitor and improve water quality — and the benefits of cooperative, coordinated effort. Read More
StewardshipMichigan Agriculture Leaders On Toledo Water Ban: We Want To Be Part Of The Conversation
August 8, 2014
Leaders of Michigan agricultural organizations said Thursday that the government should not have a “knee-jerk reaction” based on last weekend’s water ban in Toledo due to fertilizer run-off in Lake Erie. Read More
ManagementRussia Bans U.S. And EU Ag Product Imports In Ukraine Sanctions Battle
August 7, 2014
Russian President Vladimir Putin has banned the import of agricultural goods from countries that have imposed sanctions on Russia. Read More
Top 100 Articles
Wheat Growers, North Central Farmers Elevator Pursue Merger
CropLife 100Wheat Growers, North Central Farmers Elevator Pursue Merger
March 3, 2015
Two CropLife 100 retailers — South Dakota Wheat Growers (ranked No. 11) and North Central Farmers Elevator (No. 19) — have entered into a Letter of Intent to unify the two companies into a newly named cooperative. Read More
Growmark Group
CropLife 100GROWMARK In 2015: Back, To The Future
March 2, 2015
The nation’s third largest ag retail organization is simultaneously moving forward while remembering its past. Read More
CropLife 100Pinnacle Expands Sanders Brand In The South
February 27, 2015
Pinnacle has acquired Hopkins Seed and Chemical in Qulin, MO, which expands the company's Sanders brand to nine Southern states. Read More
CropLife 100Pinnacle Launches New Providence Agriculture Location In Indiana
February 27, 2015
Pinnacle Agriculture Holdings — ranked No. 6 on the CropLife 100 — has established a new retail location in New Castle, IN, which will operate as part of Pinnacle's Providence Agriculture brand. Read More
CropLife 100Cooperative CHS Returns $518 Million To Owners
February 23, 2015
The 2015 cash return to owners is based on CHS net income of $1.1 billion, the company's second highest on record. Read More
corn field
CropLife 100The Andersons’ Humic DG Now Available In Canada
February 13, 2015
The Andersons, Inc. Turf & Specialty Group has announced its Humic DG product is now available to customers in the Canadian turf, agriculture and horticulture markets. Read More
Latest News
Crop InputsCommodity Classic 2015 Sets Attendance High Mark
March 4, 2015
With nearly 8,000 total attendees, the 2015 Commodity Classic convention and trade show, which took place last week in Phoenix, AZ, shattered previous records for the landmark event, Read More
Young corn plants
FertilizerNew Nitrogen Stabilizer From Simplot Protects Fertilize…
March 4, 2015
By using OmniPierce Technology, Eclipse-N from Simplot Grower Solutions coats and protects more nitrogen, increasing nitrogen efficiency and decreasing loss due to volatilization. Read More
Industry NewsOhio Corn And Wheat Growers Association, Ohio Soybean A…
March 4, 2015
The associations truly appreciate the comprehensive approach and diligent work that the Ohio House of Representatives has dedicated to addressing water quality and House Bill 61. Read More
Mahindra Implement
Industry NewsMahindra USA Aligns With Paladin Attachment For Impleme…
March 4, 2015
Mahindra USA will begin utilizing Paladin Attachments as its implement supplier in April 2015. Read More
Crop InputsValent BioSciences Acquires Mycorrhizal Applications
March 4, 2015
The acquisition adds another strategic platform to VBC’s rapidly expanding global biorational business, providing additional tools for the Biorational Window platform being developed with its parent, Sumitomo Chemical Co., Ltd. Read More
Nutrients for Life Foundation - Plant Nutrient on the Farm Station
Industry NewsNutrients For Life Foundation Launches New Station Prog…
March 4, 2015
This ready-to-implement station provides an interactive opportunity for farms to showcase crop nutrients’ important role in growing healthy crops. Read More
Adjuvants loading
AdjuvantsAdjuvants Continue Upward Trend
March 4, 2015
A dizzying array of developments in crop protection technologies promise to make specialty adjuvants a crucial piece of the puzzle going forward. Read More
Wheat Growers, North Central Farmers Elevator Pursue Merger
CropLife 100Wheat Growers, North Central Farmers Elevator Pursue Me…
March 3, 2015
Two CropLife 100 retailers — South Dakota Wheat Growers (ranked No. 11) and North Central Farmers Elevator (No. 19) — have entered into a Letter of Intent to unify the two companies into a newly named cooperative. Read More
10 Tips for Spring Planter Preparation
Equipment10 Tips For Spring Planter Preparation
March 3, 2015
Kinze Manufacturing offers advice on how to ensure your planter is ready before you hit the field. Read More
Industry NewsOABA 2015 LAUNCH Program Recognizes 20 New Graduates
March 3, 2015
Twenty Ohio agribusiness leaders are being recognized as the latest graduates of Ohio AgriBusiness Association’s LAUNCH program. Read More
EquipmentNew AGCO Website Helps Customers Shop For Certified Pre…
March 3, 2015
RoGator sprayers are among the wide range of CPO equipment available through AGCO's site. Read More
Enlist spray Demo
HerbicidesGuiding New Herbicide Systems’ Launches
March 3, 2015
Under careful watch, the new 2,4-D- and dicamba-tolerant crops hit more acres this season. Read More
Eric SfiligojCommodity Classic 2015: Playing The Waiting Game
March 2, 2015
There was plenty of future-talk at this year’s event as companies (and growers) are largely in a holding pattern of sorts. Read More
Industry NewsHighway Equipment Appoints New Director Of Business Dev…
March 2, 2015
Cory Venable, who joined Highway Equipment Company (HECO) in 2013 as OEM Account Manager, has been promoted to Director of Business Development. Read More
Prairieland FS employees
Eric SfiligojWorkforce Worries
March 2, 2015
Finding good employees almost always ranks as the No. 1 or No. 2 problem for ag retailers in our annual CropLife 100 survey. Read More
Growmark Group
CropLife 100GROWMARK In 2015: Back, To The Future
March 2, 2015
The nation’s third largest ag retail organization is simultaneously moving forward while remembering its past. Read More
CropLife 100Pinnacle Expands Sanders Brand In The South
February 27, 2015
Pinnacle has acquired Hopkins Seed and Chemical in Qulin, MO, which expands the company's Sanders brand to nine Southern states. Read More
CropLife 100Pinnacle Launches New Providence Agriculture Location I…
February 27, 2015
Pinnacle Agriculture Holdings — ranked No. 6 on the CropLife 100 — has established a new retail location in New Castle, IN, which will operate as part of Pinnacle's Providence Agriculture brand. Read More