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Exploring the Trend Adjustment option
The deadline for producers to make decisions for their 2012 crop insurance is just around the corner.
Bill Gentry with Ag Producers Insurance says the new Trend Adjustment option takes into consideration the improvement in yields farmers have seen over the last several years. He says, “Crop insurance coverage levels in the past haven’t necessarily provided producers with the coverage they need.” The trend averaging – takes into consideration a farmers individual yields, incorporate them into their trend average and uses the county coefficient. Gentry tells Brownfield it “basically increases a farmers level of coverage to a more meaningful level.” What they’ve found, he says, “farmers can receive a five percent increase in coverage without necessarily have to pay an increase in premiums.”
Gentry says this option protects a producers inputs and provides more cost-effective coverage.
March 15 is the deadline for crop insurance.
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