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Crop insurance vital this year

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Crop damage from flooding is widespread and varies throughout the Corn Belt.  Jason Alexander, vice president of crop insurance for Farm Credit Mid-America says it is important for farmers to be well educated on all their options.  “Once you get into this critical stage –  you’re past the late planting date but you’re still within the late planting window,” he says.  “If you’re talking through prevented planting options you need to evaluate how many eligible acres you have.”
With lower commodity prices, Alexander tells Brownfield it is important for farmers to look closely at the balance sheets when thinking about replanting this late in the season.  “And if you do – you need to ask how much coverage are you losing on those,” he says.  “Ask your self does it pencil out and does it make sense from a revenue standpoint.  Losing coverage and late crop and comparing that to potential revenue.”
Before making any final decisions – Alexander says farmers should consult their crop insurance agent.

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