Due to continuing wet weather, some farmers will not have planted all their corn by the final planting dates contained in their crop insurance policies. Once the final planting date has been reached, a farmer who has purchased the COMBO product (RP, RP with exclusion or YP) will have the option of taking a prevented planting payment. In many cases, taking the prevented planting payment will be an economically attractive alternative.

Contact Crop Insurance Agent

The following material lays out alternatives when faced with late planting and illustrates a spreadsheet for comparing alternatives. As will become apparent, prevented planting is complex. Farmers need to contact their crop insurance agent when considering taking prevented planting payments.

Of specific concern are rules that dictate the number of acres available for prevented planting. As a general guideline, the maximum acres eligible for prevented planting payments on corn equal the maximum acres of corn planted in the last four years, adjusted for acreage increases between 2012 and 2013, less corn acres planted in 2013. Each situation is specific and there are variations from the above guideline. Crop insurance agents can make sure farmers are eligible for prevented planting payments.

Final Planting Dates

A key date relative to prevented planting is the final planting date. In Illinois, the final date is May 31 for extreme southern counties and June 5 for all other counties.

 

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Once the final planting date has been reached, farmers have three options:

  1. Take a prevented planting payment. Prevented planting payments are available to holders of RP, RP with the harvest price exclusion and YP. Prevented planting is not available for Group Risk Plan or Group Risk Income Plan polices. To take a prevented planting payment, plantings have to be prevented for insurable causes.
  2. Plant corn after the final planting date.
  3. Plant soybeans after the final planting date.