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2001 SPRING UPDATE MEETING PowerPoint Presentation
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2001 SPRING UPDATE MEETING

2001 SPRING UPDATE MEETING

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2001 SPRING UPDATE MEETING

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  1. Montana North Dakota South Dakota Minnesota 2001 SPRING UPDATE MEETING

  2. Montana North Dakota South Dakota BARLEY NEW STATEMENT Approved malting barley varieties American Malting Barley Association Malting Barley Contract

  3. Austrian Winter Peas Montana North Dakota South Dakota Spring Seeded Austrian Winter Peas- Can be insured in our region - Written Agreement (based on policy definitions) Dry Peas -(a) All spring-planted… & peas grown to produce seed… not meeting requirements in seed company contract Contract Seed Peas -(a) grown on acreage enrolled in a state seed certification program (b) grown on acreage planted in the spring (c) under a seed company contract Only applies to Austrian Winter Peas grown for seed

  4. SUNFLOWERS Montana - North Dakota - South Dakota Revised rotation statement for crop consistency Rotational crops destroyed the previous year

  5. SUNFLOWER STATEMENT: Montana - North Dakota - South Dakota Insurance will not attach to any Irrigated and/or IBR acreage on which sunflowers, canola, chickpeas, crambe, dry beans, dry peas (including lentils), mustard, potatoes, rapeseed, safflowers, or soybeans have been planted in the preceding crop year. Insurance will not attach to any NIBR acreage on which sunflowers, canola, chickpeas, crambe, dry beans, dry peas (including lentils),mustard, potatoes, rapeseed, safflowers, or soybeans have been planted in either of the two preceding crop years. A crop which was planted and then all plant growth is terminated prior to the acreage reporting date, will not be considered planted for rotational purposes ONLY. The insured is responsible to provide proof of insurability.

  6. SUNFLOWERS Montana - North Dakota - South Dakota NIBR T-Yields Increased to Match IBR T-Yield Separate APH databases are not required

  7. Montana

  8. 80 - 85 %Expansion Barley - APH

  9. DRY PEAS Type Added: Lentil Blaine Daniels Dawson Phillips Richland Roosevelt Sheridan Valley Wibaux

  10. Forage Seeding Statement Normal stand of live alfalfa plants per square foot Alfalfa Irr 8.0 Afalafa Grass Mixture Irr 3.3 Alfalfa Non-Irr 6.4 Alfalfa Grass Mixture Non-Irr 2.7 All counties with Forage Seeding

  11. OATS - Treasure County Change Final Planting Date From: 5/31 To: 5/20

  12. WHEAT - Income Protection Roosevelt & Valley Counties Change Final Planting Date From: 10/15 To: 10/05

  13. North Dakota

  14. EXPANSION:CANOLA Bowman McKenzie Sioux

  15. CANOLA New Rotation Statement - two & three year rotations - two years adds surcharge & planting requirements - rotational crops destroyed the previous year

  16. Canola continued Special Provision Statement Insurance will not attach to any acreage on which canola, crambe,chickpeas, dry beans, dry peas (including lentils), mustard, potatoes, rapeseed, safflower, soybeans, or sunflowers have been planted in either of the preceding two crop years (three year rotation) with the exception below: In a two year rotation, canola, crambe, chickpeas, dry beans, dry peas (including lentils), mustard, potatoes, rapeseed, safflower, soybeans, or sunflowers cannot have been planted in the preceding crop year and a blackleg resistant variety (MR-R) must be planted with the insured providing proof of variety by the acreage reporting date. A rate surcharge (RC) will apply. A crop which was planted, and then all plant growth is terminated prior to the Acreage Reporting Date, will not be considered planted for rotational purposes ONLY. The insured is responsible to provide proof of insurability. FCI-35 OPTIONAL COVERAGE FACTORS (CE) COVERAGE ENHANCEMENT 1.00 (CR) 2 YR CROP ROTATION 1.20 (PF) PREVENTED PLANTING +5% 1.01 (PT) PREVENTED PLANTING = 10% 1.02

  17. CORN 80 - 85 %Expansion Cass Dickey Grand Forks LaMoure Pembina Ransom Richland Sargent Steele Traill Walsh Ramsey - (Irr Grain Only)

  18. CRAMBE / MUSTARD / DRY BEANS Revised Rotation Statement for better crop consistency

  19. DRY BEANS - adding new varieties Dark Red Kidney - RedHawkDickey, LaMoure, Ransom, Sargent Small Reds - UI228 Grand Forks, LaMoure, Ransom, Sargent, Steele, Traill, Walsh

  20. DRY PEAS - Type Added: Lentil Adams Billings Bowman Burleigh Dunn Emmons Golden Valley Grant Hettinger Kidder Logan McHenry McIntosh McKenzie Mercer Morton Oliver Sheridan Sioux Slope Stark

  21. FORAGE SEEDING STATEMENT Normal stand of live alfalfa plants per square foot Alfalfa Irr 8.0 Alfalfa Grass Mixture Irr 3.3 Alfalfa Non-Irr 6.4 Alfalfa Grass Mixture Non-Irr 2.7 Adams Dunn Grant Morton McKenzie

  22. FORAGE SEEDING STATEMENT Normal stand of live alfalfa plants per square foot Alfalfa Irr 12.0 Alfalfa Grass Mixture Irr 4.0 Alfalfa Non-Irr 8.0 Alfalfa Grass Mixture Non-Irr 2.7 Burleigh Emmons Kidder LaMoure Logan McHenry Stutsman

  23. FORAGE SEEDING STATEMENT Normal stand of live alfalfa plants per square foot Alfalfa Irr 12.0 Alfalfa Grass Mixture Irr 5.1 Alfalfa Non-Irr 10.0 Alfalfa Grass Mixture Non-Irr 4.3 Pembina Traill

  24. POTATOES TOWNER COUNTY Adding: All Types - Irrigated Changing Plan: GYC to APH

  25. POTATOES Adding: Potato Processing Quality Option Grand Forks Kidder McHenry Walsh * You must have the Quality Option in force first!

  26. 80 - 85 %Expansion SOYBEANS Barnes Cass Cavalier Dickey Foster Grand Forks Griggs LaMoure Nelson Pembina Ramsey Ransom Richland Sargent Steele Traill Walsh

  27. SOUTH DAKOTA

  28. CORN - Jackson / Shannon Counties New Statement Irrigated / Non-Irrigated grain corn will be insurable as grain only by written agreement. To qualify……………………...

  29. DRY BEANS Adding new variety - Spink CountyDark Red Kidney - RedHawk

  30. FORAGE SEEDING STATEMENT Normal stand of live alfalfa plants per square foot Alfalfa Irr 12.0 Alfalfa Grass Mixture Irr 4.0 Alfalfa Non-Irr 8.0 Alfalfa Grass Mixture Non-Irr 2.7 Aurora Jerauld Miner Sanborn

  31. FORAGE SEEDING STATEMENT Normal stand of live alfalfa plants per square foot Alfalfa Irr 12.0 Alfalfa Grass Mixture Irr 5.1 Alfalfa Non-Irr 10.0 Alfalfa Grass Mixture Non-Irr 4.3 Brookings Clay Deuel Lake Lincoln Moody Union Yankton

  32. Soybeans Sanborn County Added Non-Conventional

  33. Minnesota

  34. ACTUARIAL CHANGES FOR 2001 (CONT)COUNTY CROP DELETIONS: • NONE • COUNTY CROP EXPANSION: • MINNESOTA;Canola: 13 counties • DATES: • No changes

  35. ACTUARIAL CHANGES FOR 2001 (CONT) COVERAGE LEVELS: • CAT COVERAGE ADDED to GRP and GRIP crops • Added 80% and 85% levels to all hybrid seed corn counties • Corn and Soybeans: Added 80/85% levels to 27 Counties • COVERAGE LEVEL REMOVED: • Soybeans: Deleted 80/85% levels from • Hubbard and Isanti.

  36. ACTUARIAL CHANGES FOR 2001 (CONT.) RATES: • Reference and CAT • rates for crops under continuous rating generally have increased about 5% • compared to last years 75% R05 rate • Forage Seeding rates increased 20% • this covers the removal of 10% of liability deductible from crop provisions • Hybrid Seed Corn rates decreased about 5% in most counties. • Potatoes Rates increased about 5% in 10 Counties • Green Peas rates increased about 5% in 8 Counties

  37. 2001 Applicable Continuous Rating Crops By Plan(IN STATES WHERE PLAN IS OFFERED) • APH crops: • RA crops: dry peas flax forage prod. grain sorghum barley canola corn cranberries dry beans mint oats popcorn potatoes soybeans sugar beets sunflowers sweet corn wheat • CRCcrops: • barley canola • corn soybeans • sunflowers wheat barley corn grain sorghum soybeans wheat

  38. ACTUARIAL CHANGES FOR 2001 (CONT.)STATEMENTS:SPOISPOI Special Provisions of InsuranceAdded statements: • A Map statement added in counties with maps. This statement refers the insured back to the map • High Risk Land statementchanged to reflect use of add-on rates under continuous rating instead of factors. (SPOI)

  39. ACTUARIAL CHANGES FOR 2001 (CONT.) Added statements: (cont)SPOI Special Provisions of Insurance • “Contact your agent regarding possible premium discounts, options, and/or additional coverage that may be available” • This replaces basic unit discount and good experience statements.

  40. ACTUARIAL CHANGES FOR 2001 (CONT.) STATEMENTSSPOI(CONT.) • For Sugar Beets expanded the statement that adjusts production for sugar percent to include unharvested production • Quality Provisions statement changed • Corn, Flax, Grain Sorghum, Soybeans and Sunflowers

  41. ACTUARIAL CHANGES FOR 2001 (CONT) STATEMENTS SPOI(CONT.) • Potato processing quality option added • new quality option for Minn. • East Otter Tail, Morrison, Hubbard counties • Rotation Statements in MINN. • TWO NEW Potato Rotation Statements • One statement in - Freeborn and Faribault • Organic references mentioned.. See special provisions! • The rotation statement has been changed in 5 Counties to match all other Minnesota rotation statements.

  42. ACTUARIAL CHANGES FOR 2001 (CONT) STATEMENTS SPOI(CONT.) (CONT) • ADDED Canola two year rotation statement • CRC soybeans stating broadcast soybeans are not eligible for a written agreement (WA). • DeletedThe Statement that previously allowed W.A.s for broadcast soybeans under CRC.

  43. ACTUARIAL CHANGES FOR 2001 (CONT.)TYPES: • Minnesota Corn Silage added 5 counties • See Actuarial Document Changes hand out for lists of counties • Dry Beans types added: • Black Turtle 2 counties • Cranberry 2 counties • Pink 3 counties • Small Red 6 counties • White Kidney 1 county • Baby Lima 1 county

  44. ACTUARIAL CHANGES FOR 2001 (CONT.)PRACTICES: • MINNESOTA DRY BEANS PRACTICE ADDED • IRRIGATED Light Red Kidney 3 counties • IRRIGATED Dark Red Kidney 5 counties

  45. ACTUARIAL CHANGES FOR 2001 (CONT.) T-YIELDS:(cont..) • MINNESOTA • Corrections made to Dry Bean T-Yields in Norman, East Polk, & Red Lake Counties • MAPS • MINNESOTA-- NO CHANGE • New Rules Pages for all county maps.

  46. ACTUARIAL CHANGES FOR 2001 (CONT.) SUPPLEMENTS: • Changed rates on FCI-33 Supp. to be add-on rates under continuous rating instead of factors. Plus there may be other minor changes. • Incorporated most 2000 Written Agreements into FCI-33 Supplements. • New Rules Pages for FCI-33 Supplements.

  47. ACTUARIAL CHANGES FOR 2001 (CONT.) • SUPPLEMENTS (CONT) • LEGAL DESCR / CROP TYPE OPTION PRACTICE RATE ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑ • T74N R16W SEC: 25 LEGAL SOUTH OF THE ROAD IN THE SE1/4 OATS 0016 997 ALL 0.025 • CORN 0041 016 ALL 0.025 • SBEAN 0081 997 ALL 0.025 ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑