It's application and renewal time for winter wheat, which is the time for producers to make sure their Production Insurance coverage matches what their farm business looks like today. As a farm evolves and the industry changes, so can coverage needs.
Renewal time is the opportunity to assess coverage needs, but it's also important to carefully review coverage details since they are based on last year's business. By confirming that information is accurate and reflective of how their farm operates today, producers ensure that they pay only for the coverage they need and receive the right compensation in the event of a claim.
Before deciding on this year's winter wheat coverage, producers should ask themselves some key questions:
- What changes have they made to their business?
- What risks does their farm face this year?
- Do they need to protect their crop over the winter?
- Do their chosen coverage levels provide the best protection?
- What's happening in their industry that could affect their business?
Source: Agricorp