2024 September Newsletter

looking at coverage for 2025 crop year

September marks the beginning of the 2025 crop year for crop insurance. Crazy to start thinking about 2025 already, but crop insurance agents are doing just that!

In the fall take a look at levels and coverage for Forage Production, Winter Wheat and Rye. This is the only time of year we are able to make to make changes to these crop contracts, levels and options.

Wheat, forage Production

& rye

Fall contract changes are due by

Fall Sales Closing

Deadline to:

  • Add Fall Crops and New Counties to MPCI Policy

  • Change Plan, Coverage Levels and Options on Fall Crops

  • Transfer or Cancel a Policy

  • Request a Written Agreement for Fall Crops

  • Create a New Entity or Corporation

 

Important Fall Deadlines by Crop

Click on “+” to expand

    • September 30th- Sales closing date. Changes to wheat coverage need to be completed.

    • November 15th- Production Reporting due for winter & spring wheat. Please separate spring wheat and winter wheat bushels and report bushels produced per field or legal description.

    • November 15th- Deadline to report planted Winter Wheat Acres to FSA and Crop Insurance.

    • September 30th- sales closing date for making changes to forage (alfalfa and grass alfalfa mixed) levels, coverage and options

    • October 15th- Forage Acres and stand counts due for 2025 crop year. Any new or destroyed alfalfa should be reported at this time.

    • November 14th- Forage Production due. Bale counts and weights need to be submitted to crop insurance and broke by field and legal description.

    • September 30th- sales closing deadline to add crop or make changes to levels.

    • November 15th- Rye production reporting is due. Report production in bushels by field or legal description to crop insurance.

    • November 15th- Planted acres are to be reported to FSA and crop insurance

    • December 2nd- Sales closing date to make changes to PRF contract levels and options.

    • December 2nd-deadline to report your PRF acres for 2025 crop year.

Projected and Harvest Price Discovery

The Risk Management Agency (RMA) provides farmers with essential information on crop prices for decision-making and risk management. Projected and Harvested Prices are available on RMA’s price discovery page RMA Price Discovery - Home (usda.gov)

Farmers can access current prices for commodities like corn, soybeans, wheat, and cotton, which are updated regularly. The RMA also sets base prices for federal crop insurance, helping protect farmers from price fluctuations.

Please view the table below for Prices as of 9-4-24