Table of Contents:
- 2010 Crop Insurance Considerations
- <strong>Enterprise Units or Optional Units</strong>
- <strong>Insurance Coverage for Grain-Quality Problems</strong>
- <strong>Calculating Potential Crop Insurance Payments</strong>
- Some producers chose optional units, while others chose enterprise units for 2010
- Corn and soybean producers have the option of selecting crop insurance policies ranging from 60% to 85% coverage levels
- Grain-quality losses could potentially be a covered loss for crop insurance policies
The Minnesota Department of Agriculture has issued a warning to producers regarding the harvest, sale and potential contamination of corn or soybeans that were in standing water for several days following the heavy rains across southern Minnesota in late September. There have also been reports of grain being rejected by grain warehouses due to grain-quality issues.
These types of grain-quality losses could potentially be a covered loss for crop insurance policies, provided that the grain-quality losses can be properly documented. Producers who have had grain rejected, or have field conditions that could possibly lead to grain rejection, should contact their crop insurance agent to find out details on insurance coverage, and the needed documentation requirements.