1 2001 SPRING UPDATE MEETING Montana North Dakota South Dakota Minnesota

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1 2001 SPRING UPDATE MEETING Montana North Dakota South Dakota Minnesota Slide 2 2 BARLEY NEW STATEMENT Approved malting barley varieties American Malting Barley Association Malting Barley Contract Montana North Dakota South Dakota Slide 3 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 Slide 4 4 SUNFLOWERS Revised rotation statement for crop consistency Rotational crops destroyed the previous year Montana - North Dakota - South Dakota Slide 5 5 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. 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. SUNFLOWER STATEMENT: Montana - North Dakota - South Dakota Slide 6 6 SUNFLOWERS Montana - North Dakota - South Dakota NIBR T-Yields Increased to Match IBR T-Yield Separate APH databases are not required Slide 7 7 Slide 8 8 80 - 85 % Expansion Barley - APH Slide 9 9 DRY PEAS Type Added: Lentil BlaineDanielsDawson PhillipsRichlandRoosevelt SheridanValleyWibaux Slide 10 10 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 Forage Seeding Statement All counties with Forage Seeding Slide 11 11 Slide 12 12 OATS - Treasure County Change Final Planting Date From: 5/31 To: 5/20 Slide 13 13 WHEAT - Income Protection Change Final Planting Date From: 10/15 To: 10/05 Roosevelt & Valley Counties Slide 14 14 Slide 15 15 EXPANSION: CANOLA Bowman McKenzie Sioux Slide 16 16 CANOLA New Rotation Statement - two & three year rotations - two years adds surcharge & plantingrequirements -rotational crops destroyed the previous year Slide 17 17 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. Special Provision Statement FCI-35 OPTIONAL COVERAGE FACTORS (CE) COVERAGE ENHANCEMENT1.00 (CR) 2 YR CROP ROTATION1.20 (PF) PREVENTED PLANTING +5%1.01 (PT) PREVENTED PLANTING = 10%1.02 Canola continued Slide 18 18 80 - 85 % Expansion CassDickey Grand Forks LaMoure Pembina Ransom Richland Sargent Steele Traill Walsh Ramsey - (Irr Grain Only) CORN Slide 19 19 CRAMBE / MUSTARD / DRY BEANS Revised Rotation Statement for better crop consistency Slide 20 20 DRY BEANS - adding new varieties Dark Red Kidney - RedHawk Dickey, LaMoure, Ransom, Sargent Small Reds - UI228 Grand Forks, LaMoure, Ransom, Sargent, Steele, Traill, Walsh Slide 21 21 DRY PEAS - Type Added: Lentil AdamsBillings Bowman Burleigh Dunn EmmonsGolden ValleyGrant HettingerKidder Logan McHenry McIntosh McKenzieMercer MortonOliver SheridanSioux SlopeStark Slide 22 22 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 FORAGE SEEDING STATEMENT Adams Dunn Grant Morton McKenzie Slide 23 23 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 BurleighEmmons KidderLaMoure LoganMcHenry Stutsman FORAGE SEEDING STATEMENT Slide 24 24 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 FORAGE SEEDING STATEMENT Pembina Traill Slide 25 25 Slide 26 26 POTATOES TOWNER COUNTY Changing Plan: GYC to APH Adding: All Types - Irrigated Slide 27 27 POTATOES Adding: Potato Processing Quality Option Grand Forks Kidder McHenry Walsh * You must have the Quality Option in force first! Slide 28 28 80 - 85 % Expansion BarnesCassCavalier DickeyFosterGrand ForksGriggsLaMoureNelson PembinaRamsey RansomRichlandSargent SteeleTraillWalsh SOYBEANS Slide 29 29 Slide 30 30 CORN - Jackson / Shannon Counties New Statement Irrigated / Non-Irrigated grain corn will be insurable as grain only by written agreement. To qualify... Slide 31 31 DRY BEANS Adding new variety - Adding new variety - Spink County Dark Red Kidney - RedHawk Slide 32 32 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 AuroraJerauld MinerSanborn FORAGE SEEDING STATEMENT Slide 33 33 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 FORAGE SEEDING STATEMENT BrookingsClay Deuel LakeLincoln Moody Union Yankton Slide 34 34 Slide 35 35 Sanborn County Added Non-Conventional Slide 36 36 Slide 37 37 ACTUARIAL CHANGES FOR 2001 (CONT) COUNTY CROP DELETIONS : n NONE n COUNTY CROP EXPANSION : MINNESOTA; Canola: 13 counties n DATES: No changes Slide 38 38 ACTUARIAL CHANGES FOR 2001 (CONT) COVERAGE LEVELS: n CAT COVERAGE ADDED to GRP and GRIP crops n Added 80% and 85% levels to all hybrid seed corn counties n Corn and Soybeans: Added 80/85% levels to 27 Counties n COVERAGE LEVEL REMOVED: Soybeans: Deleted 80/85% levels from Hubbard and Isanti. Slide 39 39 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%