CAUTION! THESE AGENTS HAVE BEEN KNOWN TO CARRY THE SHARPEST PENCIL IN TOWN WANTED This agency is accused of Saving their clients HUNDREDS of dollars on

CAUTION!THESE AGENTS HAVE BEEN KNOWN TO CARRY THE SHARPEST PENCIL IN TOWN

WANTED

This agency is accused of Saving their clients HUNDREDS of dollars on crop insurance by understanding crop insurance and knowing all of the advantages of adding new endorsements and in some cases increasing their coverage!!

FOR YOUR OWN

PROTECTION

CALL

620-376-4239

REWARD FOR FINDING THEM

Having 8 licensed agents that know the rules & have 58 years combined crop experience

Agents check every line of your policy to see what might benefit you.

Specialize in Crop Insurance

Agents that will work to get you every advantage you deserve

Hosts crop insurance update meetings

First Tribune Insurance Agency 118 W. Greeley Ave Tribune, KS 67879

Non‐Discrimination Statement

Non-Discrimination Statement

The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and

activities on the basis of race, color, national origin, age, disability, and where applicable,

sex, marital status, parental status, religion, sexual orientation, genetic information,

political beliefs, reprisal, or because all or part of an individual’s income is derived from any

public assistance program. (Not all prohibited bases apply to all programs). Persons with

disabilities who require alternative means for communication of program information

(Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at (202) 720‐

2600 (Voice and TDD). To file a complaint of discrimination, write to USDA, Director, Office

of Civil Rights, 1400 Independence Avenue, S.W. Washington, DC 20250‐9410, or call (800)

795‐3272 (voice) or (202) 720‐6382 (TDD). USDA is an equal opportunity provider and

employer.

The information contained in this printed material might not account for recent changes mandated by the Risk Management Agency with respect to the deliverance of the Federal Crop Insurance Program.

Please call FTIA if you have any questions.

620-376-4239

[email protected]

WWW.FirstTribuneInsurance.com

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DisclaimerThe information contained in this book and the information we will be presenting does not account for all recent changes mandated by the Risk Management Agency (RMA) with respect to the delivery of the Federal Crop Insurance Program. We have made every effort to ensure the information included is current and accurate; however:We encourage you to come in and go over your policy with First Tribune Insurance Agency agents to insure you are getting the best policy for your needs.

“This Agency is an Equal Opportunity Provider”

Sales ClosingTHE 2016 FALL SALES CLOSING DATE is September 30, 2015

Is a change needed for your policy or your coverage? 1) Plan of Insurance/Level of Coverage

Does the current plan of insurance/level of coverage reflect the coverage needed for your policy in today’s market?

2) Options – Do you need to add or remove certain options on your policy? a. EU - This option is continuous. If the option was elected in 2014 and you did not qualify; the EU option is applicable for the 2015 CY. Compare EU, with or without Trend Adjustment and different coverage levels. b. Trend Adjustment – Must be elected at Sales Closing Date. Compare Trend Adjustment option with different coverage levels and with or without EU. c. Prevent Plant – Buy‐up – Must be elected at Sales Closing Date. All Prevent Plant buy‐ups must first be approved by Approved Insurance Provider.d. YE – Yield Exclusion endorsement must be elected for wheat at Sales Closing. e. SCO- Supplemental Crop Option must be elected for wheat at Sales Closing. f. BFR- Do you qualify for a Beginning Farmer and Rancher? Sales Closing is the deadline. 3) Entity Type - Is the current Entity Type still valid for 2015 Crop Year? Do you have a new trust?

Taking the time to verify these can prevent potential problems discovered at claim time!

ARC, PLC enrollment deadline nears

The program elections producers made on the farm are an irrevocable program election that runs through the 2018 crop year. The contract enrollment processis an annual requirement for each of the years 2014 to 2018. The annual enrollment phase must be completed by Sept. 30, 2015, for the 2014 and 2015contract years. ARC and PLC payments are earned on farms that are enrolled in the annual contract if:

The crop base has been elected in the PLC program and the marketing year average price falls below the reference price for the crop

The crop base has been elected in the ARC-county (ARC-CO) program and the actual revenue for the year falls below the guarantee for the applicable crop base

The crop base has been elected in the ARC individual farm level coverage (ARC-IC) program and the farm's actual revenue falls below the farm's guarantee for the year

Price Loss Coverage (PLC)

• Makes payments when Marketing Year Average (MYA) price falls below the Reference Price

• Makes up that difference on 85% of the producers base acres

• Payments tied to base acreage and program yields• These generally do NOT depend on current production

choices› Except for those with cotton base or with fruits and

vegetables, planting more or less of a given crop will have NO effect on payments

• New “reference prices” are far higher than old target prices› See next slide

• Administered by FSA but available with SCO

Reference and Target prices

2008 Farm Bill Target prices

2014 Farm Bill Reference prices

Wheat/bu. $4.17 $5.50

Corn/bu $2.63 $3.70

Soybeans/bu. $6.00 $8.40

Sorghum/bu. $2.63 $3.95

Upland cotton/lb. 71.25 cents None*

Long-grain rice/cwt $10.50 $14.00

Peanuts/ton $495 $535

*Upland cotton is not eligible for PLC (or ARC) benefits under the 2014 farm bill as it has STAX.Under PLC, payments are made in October of the year after the crop is harvested (e.g., payments for the 2015 crop would be made in October 2016)

Agriculture Risk Coverage (ARC)

• Makes payments when per-acre revenues fall below a trigger

• Trigger depends on moving averages of market prices and yields

• Paid on base acreage, not planted• Tied to county or farm yields, not state• Covers losses of 14-24% (ACRE was 10-35%)• Administered by FSA

New Language in the GSH Section 806, Multiple Benefits

Multiple Benefits• If an insured is eligible to receive a crop indemnity and benefits under

some USDA programs for the same crop loss, the insured may participate in both programs, but must choose between the crop indemnity or other program benefit (payment).

• Premium will be due and payable regardless of the insured’s decision.

• Disaster programs NOT subject to the multiple benefit provisions:

Multiple Benefits- NAP (Non-insured Assistance Program for FSA):Multiple benefits are prohibited

No more PRF and NAP dual benefits as in the pastNAP not available for livestock programsFSA cannot offer NAP on any permanent crop insurance program [see exception below] but is available for pilot programs under section 508(c) or (h) regardless of whether CAT level coverage is offered.AIPs are now required to include a multiple benefit certification statement on all acreage reporting forms

What is SCO?Supplemental Coverage Option for Federal Crop Insurance • SCO provides area-based coverage for a portion of your insurance

deductible• SCO is an endorsement to Yield Protection (YP), Revenue Protection

(RP),Revenue Protection with the Harvest Price Exclusion (RP-HPE)• Must be purchased with an underlying individual crop policy• Liability (max payout) based on expected crop value for the individual

grower› But the amount paid out is based on how well the county does› Payment generally occurs later than for individual policy

› Based on when county data becomes available

› Similar to Area Risk Protection Insurance (ARPI)

• 65% premium subsidy› Regardless of coverage level of the underlying policy

Overview of SCO• SCO coverage type follows underlying plan of insurance

› If underlying policy is yield-based (YP or APH), SCO also provides yield coverage

› If underlying policy is revenue-based (RP or RP-HPE), SCO provides revenue coverage

• Separate Premium and Administrative Fees for SCO by crop/county› In addition to fees for underlying individual policy› Follows underlying policy

• The amount of SCO coverage depends on the liability, coverage level, and approved yield of your underlying policy› If there are multiple types or practices for the insured crop in the county, the

supplemental protection will be determined separately for each coverage level, type, and practice

• Indemnity payments for SCO are based on whether the yield or revenue for an area (generally county) falls below its expected level

Click icon to add picture

12

100%95%90%86%80%75%70%65%60%55%50%45%40%35%30%25%20%15%10%5%0%

SCO CoveragePercent of Expected Grower Revenue

Individual Revenue Policy (75% coverage)

SCO Revenue(86% to 75%)

Area-Based LossIndividual Loss

Example:

Grower purchases an individual revenue policy, 75% coverage



In this example, the grower selects 75% revenue coverage. This means that 75% of the grower’s expected revenue is covered by the individual (or ‘underlying’) policy, and SCO covers an additional 11% of crop value (the difference between 86% and 75%). Any SCO indemnity payment will be based on whether or not the Final Area Revenue falls below the Expected Area Revenue

13

SCO sample quoteSummerfallow wheatCoverage Yield Coverage per acre Premium per acre65% MPCI 31 $107.06 $9.29SCO86% 29 $34.59 $5.54TOTAL 141.65 $14.83--------------------------------------------------------------------------------------------70% MPCI 31 $115.01 $ 11.02SCO86% 29 $26.29 $4.48TOTAL $141.30 $15.50---------------------------------------------------------------------------------------------75% MPCI 31 $123.49 $14.07SCO86% 29 $18.11 $3.28TOTAL $141.40 $17.35

Other Farm Bill Changes• Beginning Farmer and Rancher (BFR)

› If qualified, receive 10% points higher subsidy and 80% of T-yield for YA› Separate application required and proof of qualification must be provided

with the application

• To be a Beginning Farmer/ Rancher, an individual:› Must not have actively operated and managed a farm or ranch in any

county/state, for more than 5 years, with an insurable interest in a crop or livestock as an› Owner-operator,

› Landlord,

› Tenant, or

› Sharecropper

• Insurable interest may exclude any crop year:› Under the age of 18› In post-secondary studies or› On active duty in the U.S. military


Beginning Farmer and Rancher

Benefits include:• Increase in subsidy of 10 points (i.e. .48 becomes .58)• YA of 80% vs. 60% of T-yield• No Administrative fees• Relaxation of Transfer of APH procedures

Requesting BFR• An individual must complete a BFR application by the applicable

Sales Closing Date to be eligible• If insured has an EIN, all individuals with a SBI in the insured must be

qualified as a BFR• Documentation for BFR eligibility and excluded years of insurable

interest must be provided by the producer at the time of BFR application

• Approved Insurance Providers verify BFR status by the acreage reporting date and notify the producer of failure to qualify, if applicable

• An amended BFR application is required to update the status when there is a change in exclusions of insurable interest› For example, an Individual in the Army Reserve goes on active duty

Other Farm Bill Changes


• Conservation Compliance (Applicable to Highly Erodible Land (HEL) and Wetlands)› Violations include converting a wetland, planting on converted wetland, and

planting on HEL without a conservation plan› If in violation or without an AD-1026 on file w/ FSA by 6/1/15, insured will

have no premium subsidy on all policies but can still have crop insurance› Ineligibility applies to reinsurance year(s) after final determination, including

all appeals of violation/non-compliance› First year of ineligibility will be 2016 reinsurance year

› FSA will send RMA a list of violators this winter› Q. Do I need to have a completed certification of compliance, form

AD-1026, filed with the Farm Service Agency (FSA) to be eligible for premium subsidy on my crop insurance policies?A: Yes, to be eligible for premium subsidy a completed and signed form AD-1026 must be on file with FSA by June 1, 2015 for the 2016 reinsurance year (July 1, 2015 – June 30, 2016), and you, and any affiliated person, must be in compliance with the HELC and WC provisions.


Separate Coverage Levels by IRR & NI

Practices

Levels by Irrigated/Non-Irr


• An insured with an agricultural commodity on IRR & NI land may elect a different coverage level for each practice› Authorized in 2014 Farm Bill Sec. 11015› Cannot have CAT as one of the levels› Available for buy-up policies when provided in actuarial documents,

beginning with 2015 spring crops and the 11/30 Contract Change Date

• For example, insured may choose:› 65% level for IRR Soybean acreage

› IRR-Conventional cannot be different from IRR-Certified Organic

› 80% level for NI Soybean acreage› NI-Conventional cannot be different from NI-Transitional Organic

Levels by IRR/NI QAQ. Can I elect more than one coverage level if I have more than one type of irrigated practice on my actuarial documents?

A: No, all IRR practices must be insured at the same coverage level and all NI practices must be insured at the same coverage level. For example:

• SF & CC wheat must be insured at the same coverage level.

• IRR wheat may be insured at a different coverage level.

Q. If I do not plant IRR acreage or do not qualify for an IRR practice but I elected separate coverage levels, what coverage level will I have for insurance?

A: You will still have the coverage level you elected for the NI practice. For example:

› Chose 65% for all IRR & 80% for all NI Corn

› If no IRR Corn, the 80% level will apply to all acres qualifying for NI

Q. What if I elected enterprise units by irrigated and non-irrigated practices for my crop and I no longer qualify for the separate EU?

A: Qualification for EU does not impact coverage level elections. The separate coverage levels elected will apply to the unit structure for which you are eligible.

TA is an endorsement that can only be added or taken off at Sales Closing (9-30-2015) for the 2016 wheat crop year.

Trend Adjustment (TA)

Trend Adjustment • Optional – must be elected by sales closing date• Adjusts each eligible yield in database (Actual & YA only)• Available on buy up levels of RP, YP, RPHPE - not available on CAT• Cups and yield floors not applicable when TA is elected for the crop

› Even on a unit with a database that does not qualify for TA› Practices/types excluded from TA by RMA are still eligible for cups/floors

• SA (simple average) T-Yields must be recalculated in subsequent years if the insured removes the TA election› Any 2014 SA T-Yield calculated from approved APH yields that were based

on actual yields with Trend Adjustment must be replaced with Variable T-yields if TA is cancelled for 2015

› If RMA cancels TA for the crop/practice, AIP can recalculate SA T-Yield

• Approved APH yield will not be less than what it would have been w/out the TA adjustment OR greater than the highest actual yield in the database plus one year of trend adjustment


APH Database Qualifications for TA

• APH database must have at least one actual yield in one of the four most recent crop years to qualify for TA

• If the APH database contains fewer than four actual yields in the 12 most recent crop years the trend adjustment is reduced as follows:1. One actual yield = 25 percent of trend adjustment;

2. Two actual yields = 50 percent of trend adjustment;

3. Three actual yields = 75 percent of trend adjustment;

4. Four or more actual yields = 100 percent of trend adjustment › (If 2 actual in last 12 and TA is 2 bushels, adjustment would be 1 bu.)

• 2004 is last year in the database we can use to find our 4 actuals in the most recent 12 years (2016 – 12 = 2004)

• TA amounts vary from year to year› Check actuarial


New Producer A New Producer (NP) is a person who has not been actively engaged in farming for a share of the production of the insured crop in the county for more than 2 APH crop years• The insured must not have produced the insured crop in the county

for more than 2 APH crop years, ever (not limited to just the last 10 years)

• Producing the insured crop means actively engaged in farming for a share of the insured crop’s production in the county or being a SBI holder to a person who has been actively engaged in farming for a share of the insured crop’s production in the county› If a crop is planted and insurable it is considered producing the crop for NP

purposes (i.e. wheat for grain that gets short-rated or corn for grain that gets harvested as silage)

› Producing the crop does not include when the crop is planted in such a way that it would not be insurable (i.e. wheat planted with intent to graze/hay or silage-only type of corn planted for silage in grain only county)


New Breaking Acreage

• Two options for insuring New Breaking (NB) acreage1. Request for Written Agreement to RMA Regional Office, by Sales

Closing Date› NB Type details in Paragraph 73 of Written Agreement Handbook

2. Request to the approved insurance provider, by Acreage Reporting Date› Statement must be present in Special Provisions for crop/county› Must meet insurability requirements in Special Provisions› Statements in same format as we had for 2014 Spring› If this option available, NB must come to the AIP first versus an RO

Written Agreement request

Coverage on Acreage Emerging from USDA Program (CRP)

• Crop Insurance Handbook now states “Acreage Emerging from a USDA Program” instead of just CRP› No procedural changes, however

• If acreage planted within first two years of emergence, insured uses history prior to CRP or gets 100% of T-yield on CRP acreage for initial year

• CRP acreage must be reported separately on acreage report, with a separate APH database, and CLU’s identified and maintained on units containing CRP

• 2nd year after planting, separate databases are combined and standard APH procedures apply


CRP ProcedureThis Chart is for Illustration Purposes Only

Is the acreage planted within 2

crop years of emergence from CRP program?

YES

1st YearPrior history applicable to CRP acreage may be (re)certified by the production reporting date.

*SA Ts, PTYs and MYs are NOT applicable to CRP acreage the first year.

NO

2nd Year1. If applicable, APH

databases within a unit must be combined.

2. Standard T-Yield / APH rules apply.

1st Year Planted1. Acreage is insurable without written agreement.2. APH(s) and acreage reports must be identified/reported

separately on the applicable CRP acreage.3. CLU’s must be identified and maintained on CRP acreage4. Standard unit division/PTV guidelines apply*

1st Year100% of county T-Yield will apply to the CRP acreage.

*SA Ts, PTYs and MYs are NOT applicable to CRP acreage the first year.

2nd Year1. If applicable, APH

databases within a unit must be combined.

2. Standard T-Yield / APH rules apply.

NB WA procedures apply

OR

2015 Cover Crops • Statement and procedures remain essentially the same for 2015

› Always check the Special Provisions for your crop/county and utilize the IMAP on the NCIS webpage to help identify specific changes in your area

• Statement (shown below) dictates use of NRCS Cover Crop Termination Guidelines found on the NRCS website› The NRCS Termination Guidelines did change for 2016 crops

• Insurance shall attach to a crop following a cover crop when the cover crop meets the definition provided in the Basic Provisions, was planted within the last 12 months, and is managed and terminated according to NRCS guidelines. If growing conditions warrant a deviation from the guidelines, producers should contact either Extension or the local NRCS for management guidance. For information on cover crop management and termination guidelines, refer to the Cover Crop Termination Guidelines published at:

http://www.nrcs.usda.gov/wps/portal/nrcs/main/national/landuse/crops




2016 NRCS COVER CROP TERMINATION GUIDELINES“September 2014, Version 3” Publication

• These guidelines will be applicable to all USDA programs• These guidelines only apply to non-irrigated cropland, including

systems that contain a fallow period› The cover crops in irrigated cropping systems should be terminated based

on the crop system and the conservation purpose, but before the planted crop emerges

• Biggest change for 2016 is in areas of the country with a Summerfallow practice› If a cover crop is planted on summerfallow acreage in a fallow year, the

following planted crop will not meet the RMA Summerfallow practice definition until the acres lie fallow for a full year

› If a cover crop was planted during the fallow year, the acreage may be insured under a “continuous cropping” practice (if available) or by written agreement


The Farm Bill allows separate EUs for irrigated and non-irrigated practices

• Producers must elect separate IRR/NI EU by the Sales Closing Date› Use EP (Enterprise by Practice) code and elect on Application or Policy

Change form

• We still determine if insured qualifies for EU by IRR/NI when insured provides acreage report

• EU must contain all insurable acreage:› (a): of the crop in the county [1 EU]; or› (b): [NEW] if allowed & elected, 2 separate EUs by IRR/NI practice:

› One EU for all insurable IRR acreage of the crop; &

› One EU for all insurable NI acreage

• Each IRR/NI EU must meet existing EU requirements› To qualify for EU- Simplified Explanation

› Two sections minimum, each with planted acreage that comprises at least the lesser of 20 acres or 20% of the insured crop acreage in the EU

› If planted acreage in more than two sections we can aggregate parcels to meet the 20/20 rule


IRR/NI EU Requirements• Irrigated & Non-irrigated on Enterprise units.• An insured cannot elect to have EU on IRR acreage and BU/OU on

NI acreage, or vice versa• Must plant crop with a clear & discernible break in the planting

pattern at IRR/NI boundaries to qualify for separate EUs› Similar to qualifying for OU by IRR/NI, now this language in EU section 733› Not required for single EU by crop/county

› Though separate APH databases still required by P/T

• Applicable “clear & discernible break” language: › Original planting, including reseeding & replanting› Cultivating, disking, mowing, etc., after planting or harvesting does not

qualify› Exception for NI corners of center pivot irrigation system allows for:

› Planting end rows before or after planting; or

› Cultivating, disking, mowing, etc., after planting

› Breaks must be completed by ARD & be clearly discernible if inspection required

• Precision farming & GPS yield monitors meet discernible break requirement


What is APH Yield Exclusion (YE)?

• APH YE is a provision of the 2014 Farm Bill that allows for the exclusion of an actual yield for any crop year where RMA determines the county per planted acre yield for that crop year was at least 50 percent below the simple average per planted acre yield for the crop in the county for the previous 10 consecutive crop years.

• RMA determines the eligible years and lists them in the actuarial documents for the crop/county

• For the current crop year:• The insured must elect YE by the sales closing date by crop/county.• Election must be made on an application or policy change form by indicating the “YE” option code.

• Policyholders who elect YE must understand that ALL actual yields in an eligible crop year are automatically excluded

• UNLESS the insured opts out of excluding an actual yield by identifying the yield not to be excluded in the APH database.

• YE is a continuous election until cancelled.

• A producer may elect and apply both YA and YE options on a policy and within an APH database.

• Only one option, either YE or YA, can be applied to an actual yield for an eligible crop year within an APH database.

• If both YE and YA are elected and applies to all eligible crop years and a crop year qualifies for both elections, YE will apply to an actual yield in an eligible crop year unless the insured chooses to not exclude that yield in the APH database.

Yield Adjustment Interaction

Eligible Yield Exclusion Years• GREELEY COUNTY Eligible Yield Exclusion Years

• SF 1996,2001, 2002, 2004, 2013, 2014

• CC 1996, 2001 2002, 2004, 2013, 2014

• IRR 1995, 1996, 2002, 2003, 2004, 2005, 2013

• Wichita County Eligible Yield Exclusion Years

• SF 1996, 2002, 2004, 2011, 2013, 2014

• CC 1996, 2002, 2004, 2011, 2013, 2014

• IRR 1995, 1996, 2002

• Wallace County Eligible Yield Exclusion Years

• SF 1996, 2002, 2004, 2013

• CC 1996, 2002, 2004, 2013

• IRR 1995, 1996

• Hamilton County Eligible Yield Exclusion Years

• SF 1995, 1996, 2002 , 2004, 2006, 2008, 2011, 2013, 2014

• IRR 1995, 1996, 2002, 2013

• Kearny County Eligible Yield Exclusion Years

• SF 1995, 1996, 2002, 2004, 2006, 2008, 2011, 2013, 2014

• IRR 1995, 1996, 2002, 2006

• Sherman County Eligible Yield Exclusion Years

• SF 1996, 2002, 2004, 2006, 2013

• CC 1996, 2002, 2004, 2006, 2013

• IRR 2004

Eligible Yield Exclusion Years

• KIOWA COUNTY Eligible Yield Exclusion Years • SF 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2006, 2013, 2014• IRR 1995, 1996, 2002, 2003, 2004, 2005, 2011, 2013• PROWERS COUNTY Eligible Yield Exclusion Years • SF 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2008, 2013, 2014• IRR 1995, 1996, 2002, 2003, 2004, 2005, 2006, 2011, 2013 • CHEYENNE COUNTY Eligible Yield Exclusion Years • SF 1996, 2001, 2002, 2004, 2013• IRR 1995, 1996, 2002, 2003, 2004, 2005, 2013

YA, YE, TA

• Yield Adjustment (YA) APH Adjustment Election • Insured’s may elect to substitute their actual APH yields with 60% of the county T-yield if their individual APH yields, in

comparison, are lower.

• Actual Yields include: • Assigned Yields • Temporary Yields

Yield Exclusion (YE) The APH YE is a provision of the 2014 Farm Bill that allows for the exclusion of an actual yield for a crop year when RMA determines the county per planted acre yield for a crop year was at least 50 percent below the simple average of the per planted acre yield for the crop in the county for the previous 10 consecutive crop years. When a crop year is determined to be eligible for YE for a crop in a county, producers in contiguous counties will also be eligible to exclude their actual yield for that crop year under YE. Separate determinations will be made for irrigated and non-irrigated acreage, when data is available. The YE option will be listed in the county actuarial documents showing the crop and eligible crop year(s) for exclusion.

Trend Adjustment (TA)• Trend Adjustment assesses yields by county, Makes up for lag in APH yields Recalculated every year, Continuous until

canceled, Must be chosen by sales closing date, Covers corn, soybeans and wheat, (not available everywhere)

• Higher rate does apply

• Transition Yields (T-Yield)• If at least four successive years of records are not available, a transition or T yield for each missing year must be substituted. Each

county has a different T yield. It is based on the 10-year historical county average yield. Growers with no records are assigned 65 percent of the T yield as their APH yield. Growers with a record for one year receive 80 percent of the T yield for the other three years. With two records, they receive 90 percent of the T yield, and with three records, they receive 100 percent of the T yield for the one remaining year needed to calculate the APH. Once each year has been assigned a yield, the APH is just a simple average of the four yields.

• If only a few years of yield records exist, the APH yield may be considerably below the actual expected yield because of the reduced T yields. In that case, buying an ARPI Product may be a good strategy, since ARPI Product guarantees are based on county yields rather than individual farm yields. This could provide a higher level of protection while the farm builds records to establish a realistic APH yield.

• A new farmer or one who has never planted the crop to be insured will receive 100 percent of the T yield for the APH. If the crop continues to be planted for four years, the T yields will be replaced with the actual production each year. New producers who have previously been closely associated with farming a particular unit, such as children taking over a family farm, can use the previous operator’s records to establish an APH yield.

• Once four years or more of production history are available, the APH is the simple average of all of the yearly reported yields. The four years of history will eventually build to ten years. After ten years of history are reached, the APH becomes a moving ten-year average yield. As each new year of production history is added, the oldest record is dropped out of the calculation.

• Cup and Floor• When a new yield record is added to the APH history, the APH has a cup of 10 percent, that is, the proven yield is not allowed to

decline by more than 10 percent in one year.

• The APH also has a floor equal to 70 percent of the T yield for growers with only a one-year record. Growers with two to four years of yield records have a floor equal to 75 percent of the T yield, while growers with five or more yield records have an 80 percent of T yield floor. This prevents a year in which a producer has a severe crop failure from having a disproportionately large influence on the APH yield, especially when only a few years of yield records are available.

• Producers also can request that a low yield for a particular year be replaced with a yield equal to 60 percent of the county T yield. In effect, this becomes the minimum reported yield. This adjustment can be requested for any past year used to calculate the APH yield.

• Although the APH yield is usually just a simple average of the production history for each insurance unit, a grower who enters farming, adds new land, plants a new crop, or has a crop failure can cause one or more of the special provisions to be implemented. Therefore, it is a good idea to establish the APH for each insurance unit with a licensed crop insurance agent long before the sign-up date. Even for the catastrophic level of coverage, an APH value for each farm unit is needed.

APH Yield Comparison Report

Notice of Loss Deadlines

• Provisions require notice of loss w/in 72 hours after discovery of damage, but not later than 15 days after end of insurance period› End of insurance period is not always the calendar date!

• PP Notice of Loss must be w/in 72 hours after:› Final plant date if no intention to plant during the LP

period, or if LP period not applicable› Insured determines he/she will be unable to plant w/in

any applicable LP period• Revenue losses must be submitted no later than 45 days

after release of Harvest price


End of Insurance Period• Insurance ends on each unit, or part of unit (even though the

insurance period may not have ended for other acreage within the unit) at the earliest of:› Total destruction of crop› Harvest› Final adjustment of loss› Applicable calendar date in the Crop or Special Provisions› Abandonment› As otherwise specified in the Crop Provisions Note: the policy does not cover the insured crop after it has left

the field (exception for tobacco and potatoes) It is considered a Delayed Notice if reported after 72 hours of

discovery of damage but no later than 15 days after the end of the insurance period


Claim Reminders

• In a loss situation› Production from different optional units must be separate scale

tickets in addition to marketing records (No commingling)› Or conveyance records in the field (combine hopper, grain cart, etc)

• If you store grain in a bin and you intend to commingle old crop & new crop, it requires measurement by the company or the FSA.

• Appraisal must be completed prior to destroying any crop or putting that crop to a different use


Silage/High Moisture/Appraisal Requirements

MUST be appraised before cutting/chopping in order to collect a loss.Please call First Tribune Insurance 620-376-4239 before you harvest!!Get production in from those units for loss determination.

Discovery DatesProjected price- The pre-harvest year’s average daily settlement price for the projected price discovery period for the harvest year’s futures contract, as shown below, rounded to the nearest whole cent. The projected price will be released no later than three business days following the end of the projected price discovery period. Harvest price- The harvest year’s average daily settlement price for the harvest price discovery period for the harvest year’s futures contract, as shown below, rounded to the nearest whole cent. The harvest price will be released no later than three business days following the end of the harvest price discovery period.

WheatState Commodity Exchange Contract Month Projected Price Harvest Price CO KCBT September Aug 15 to Sept 14 July 1 to July 31KS KCBT July Aug 15 to Sept 14 June 1 to June 30Corn & Grain SorghumCO CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31KS CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31SoybeansCO CBOT November Feb 1 to Feb 28 Oct 1 to Oct 31KS CBOT November Feb 1 to Feb 28 Oct 1 to Oct 31SunflowersCO CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31KS CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31

Kansas T-Yields2016 T-Yields - Kansas

Greeley Co Wallace Co Wichita Co Hamilton Co Kearny Co Sherman CoCrop T-Yield T-Yield T-Yield T-Yield T-Yield T-Yield Irr Non-Irr Irr Non-Irr Irr Non-Irr Irr Non-Irr Irr Non-Irr Irr Non-Irr Corn 169 34 171 42 177 52 148 32 179 51 178 34Grain Sorghum 84 43 93 36 104 66 84 44 84 52 98 42Silage Sorghum 16.1 5.9 16.1 5.2 18.1 6.4 15.6 5.4 16.4 5.7 15.8 6.1Sunflower-Oil 1550 877 1563 991 1518 1182 1499 855 1579 855 1708 879Sunflower-Conf. 1550 877 1563 991 1519 1182 1501 855 1579 855 1527 739Soybeans 49 16 52 14 43 None 49 None 46 None 51 14Oats 30 30 30 30 30 30 None None None None 30 30Onions: Red None None None None None None 160 None None None None None White None None None None None None 250 None None None None None Yellow None None None None None None 265 None None None None NoneDry Beans: Great Northern 1618 None 1442 None 1618 None None None 1618 None 1688 None Light Red Kidney 1618 None 1442 None 1618 None None None 1618 None 1688 None

Pea (Navy, Med. White) 1618 None 1442 None 1618 None None None 1618 None 1688 None Pink 1618 None 1442 None 1618 None None None 1618 None 1688 None Pinto 1618 None 1442 None 1618 None None None 1618 None 1688 None Small White 1618 None 1442 None 1618 None None None 1618 None 1688 NoneMillet 40 25 40 25 40 25 40 25 40 25 40 25 Barley Winter 43 29 43 29 43 29 43 29 43 29 43 29Barley Spring 43 29 43 29 43 29 43 29 43 29 43 29Wheat 45 28(cc18) 45 31(cc19) 47 36(cc25) 44 28 45 32 52 33(cc21)

ALL quotes are always free of charge!

Colorado T-Yields2016 T-Yields - Colorado

Kiowa Co Prowers Co Cheyenne Co

Crop T-Yield T-Yield T-Yield

Irr Non-Irr Irr Non-Irr Irr Non-Irr

A, B, C, D, 4, 5 1, 2, 3 A, 2, 3, 4 1, 2, 3 A, B, 3

Corn 128 16,19,20,26,26,26 110,116,151 20,24,24,37 161 7,21,25

Corn Silage Colo Ton

Grain Sorghum 52 16,19,23,25,35,35 29,36,55 15,21,23,26 62 16,19,24

Silage Sorghum 8.6,10.8,16.3 2.0,2.5,3.1,3.6

Sunflower-Oil 1,425 246,642,749,910,910,1070 855,1040,1425 516,609,718,845 1328,1328,1562 523,617,726

Sunflower-Conf. 1,354 181,473,552,671,671,789 814,990,1356 465,549,648,762 1268,1268,1492 464,547,644

Soybeans None None 17,26,34 None

Oats None None None None

Onions:

Red None None 160 None

White None None 270 None

Yellow None None 300 None

Dry Beans:

Great Northern None None None None 1727 None

Light Red Kidney None None None None 1727 None

Pea (Navy, Med. White) None None None None 1537 None

Pink None None None None 1537 None

Pinto None None None None 1727 None

Small White None None None None 1727 None

Millet 40 8,10,13,18,18,20 None None 40 12,14,21

Barley Winter 58 9,12,15,20,20,23 37,42,59 11,15,18,21 54 12,14,21

Barley Spring 58 9,12,15,20,20,23 37,42,59 11,15,18,21 54 12,14,21

Wheat 23 8,10,18,24,21,24 28,38,42 14,18,22,32 43 17,19,23

ALL quotes are always free of charge!

E = Earliest Plant Date L = Last Plant DateLAST PLANT DATES

KANSAS

Wheat Barley Corn Dry Beans Grain Sorghum Millet Oats Soybeans Sunflowers

Greeley 20-Oct 10/20 - 4/30 E4/10 - L5/25 E4/26 - L6/25 E4/26 - L6/25 25-Jun 31-Mar E4/26 - L6/20 E4/25 - L6/25

Hamilton 20-Oct 10/20 - 4/30 E4/5 - L5/25 N/A E4/26 - L6/25 25-Jun N/A E4/26 - L6/25 E4/25 - L6/25

Harper 5-Nov 11/05 - 4/30 E4/1 - L5/25 N/A E4/26 - L6/25 N/A 31-Mar E4/15 - L6/25 E4/20 - L6/25

Kearny 20-Oct 10/20 - 4/30 E4/5 - L5/25 E4/26 - L6/25 E4/26 - L6/25 25-Jun N/A E4/26 - L6/25 E4/25 - L6/25

Lane 20-Oct 10/20 - 4/30 E4/05 - L5/25 N/A E4/26 - L6/25 N/A N/A E4/26 - L6/20 E4/25 - L6/25

Pratt 05-Nov 11/5 - 4/30 E4/1 - L5/25 N/A E4/26 - L6/25 N/A 31-Mar E4/26 - L6/25 E4/20 - L6/25

Sherman 15-Oct 10/15 - 4/30 E4/10 - L5/25 E4/26 - L6/25 E4/26 - L6/25 25-Jun 31-Mar E4/26 - L6/15 E4/25 - L6/25

Wallace 15-Oct 10/15 - 4/30 E4/10 - L5/25 E4/26 - L6/25 E4/26 - L6/25 25-Jun 31-Mar E4/26 - L6/20 E4/25 - L6/25

Wichita 20-Oct 10/20 - 4/30 E4/10 - L5/25 E4/26 - L6/25 E4/26 - L6/25 25-Jun 31-Mar E4/26 - L6/20 E4/25 - L6/25

COLORADO

Wheat Barley Corn Dry Beans Grain Sorghum Millet Oats Soybeans Sunflowers

Arapahoe 15-Oct NA - 4/30 E4/15 - L5/25 N/A N/A 25-Jun N/A N/A E5/15 - L6/15

Baca 15-Oct 10/15 - 4/30 E4/15 - L5/25 N/A E4/16 - L6/20 N/A N/A E5/5 - L6/25 E5/15 - L6/25

Cheyenne 15-Oct 10/15 - 4/30 E4/15 - L5/25 E5/15 - L6/20 E5/1 - L6/15 25-Jun N/A N/A E5/15 - L6/20

Kiowa 15-Oct 10/15 - 4/30 E4/15 - L5/25 N/A E5/1 - L6/20 25-Jun N/A N/A E5/15 - L6/20

Lincoln 15-Oct NA - NA E4/15 - L5/25 E5/15 - L6/20 E5/1 - L6/15 25-Jun N/A N/A E5/15 - L6/20

Prowers 15-Oct 10/15 - 4/30 E4/15 - L5/25 N/A E4/16 - L6/20 N/A N/A E5/5 - L6/25 E5/15 - L6/25

E = Earliest Plant Date

L = Last Plant Date

Plant Dates

Coverage Level 50 55 60 65 70 75 80 85

Subsidy Factors

Enterprise Unit 80% 80% 80% 80% 80% 77% 68% 53%

Basic Unit 67% 64% 64% 59% 59% 55% 48% 38%

Optional Unit 67% 64% 64% 59% 59% 55% 48% 38%

Whole Farm Unit 80% 80% 80% 80% 80% 80% 71% 56%

Coverage Levels & Premium Subsidies

Policyholder ResponsibilitiesAcreage Reporting •Report correct acres by crop and practice. Verify with FSA certification documents (errors or missed reporting could lead to lower or no loss payments at all). •Report the correct planting date the day that the unit was finished being planted. •Report accurate percent of share on each unit (errors or missed reporting could lead to lower or no loss payments at all). •Report all acres. Be sure to include prevented planting, uninsurable and late planted. •Sign reporting form and Privacy Act statement, as applicable.

Production Reporting •Report accurate total production by unit. •Production must be kept separate by unit. •Do not commingle storage of production from different units, unless federal guidelines are followed. •Sign reporting form and Privacy Act statement.

Call First Tribune Insurance•When damage occurs. •When you feel there could be a loss. •Before you replant. •Before you chop or do anything other than harvest the crop.

Things to Remember• Sales Closing is September 30, 2015

• Entity Changes – FSA, MPCI, Grain Sales

• Marriages / Divorces / Death

• New Breaking / CRP • Transfer of Coverage-production

• Tax ID Changes


Power of Attorney Insureds may grant a 3rd party authority to sign crop insurancedocuments through a legally executed Power of Attorney form (POA)• A legally executed POA must specify authority to sign for cropinsurance purposes

• New for 2014, Crop Insurance Handbook says for spouse or others to sign for insured, must have POA or other “legally sufficient document”A signature statement on Application form serves as “legally sufficient document”This means all spousal policies will need to have the signature statement or a POA signed for 2016 If you want the spouse to be able to sign on a policy.

Crop Insurance CompaniesFirst Tribune Insurance Agency writes business with three great crop insurance companies

September 30, 2015:

Wheat Sales Closing Deadline - Deadline to apply, reinstate, cancel or make changes, including adding any new endorsements (SCO or YE), to your 2016 Wheat Crop Insurance contract. We will have you check all of your information and sign your application by this date.

Earliest Planting Dates: Corn 04/10/2015 Kansas (04/15/2015 Colorado)

Grain Sorghum 04/26/2015 Kansas (Colorado 5/1/2015, except Prowers 4/16/2015) Soybeans 04/26/2015

Sunflowers 04/25/2015 Kansas (05/15/2015 Colorado)

Final Planting Dates: Wheat 10/20/2015 (Greeley, Hamilton, Kearny, Lane, Wichita)

Wheat 10/15/2015 (Sherman, Wallace) (Colorado)

Corn 05/25/2015

Grain Sorghum 06/25/2015 Kansas Grain Sorghum 6/15/2015 (Cheyenne & Lincoln CO) 6/20/2015 (Kiowa & Prowers CO)

Soybeans 06/20/2015 Sunflowers 06/25/2015 Kansas

Sunflowers 6/20/2015 (Cheyenne, Kiowa & Lincoln CO) 6/25/2015 (Powers CO)

Acreage Reporting Dates: Wheat 12/15/2015 Kansas (11/17/2015 Colorado)

Corn 07/15/2015 Grain Sorghum 07/15/2015 Soybeans 07/15/2015 Sunflowers 07/15/2015

March 15, 2016: Spring Sales Closing

Deadline to apply, reinstate, cancel or make changes, including adding any new endorsements (SCO or YE), to your 2016 Spring Crop Insurance contract. We will have you check all of your information and sign your application by this date.

July 15, 2015: Spring Acreage Reporting Deadline

Report all spring planted acres and planting dates.

Report any Prevented Planting Acres

*Please have your FSA-578 Form and Maps at this time. The acres we report MUST match your FSA-578 Certified Acres.

August 15, 2015: Spring (corn, grain sorghum) Premiums are due

October 1, 2015: Deadline to pay 2015 spring premiums without interest being charged.

July 1, 2016: Wheat Premiums are due

July 31, 2016: Deadline to pay wheat premiums without interest being charged.

Documents

CAUTION! THESE AGENTS HAVE BEEN KNOWN TO CARRY THE SHARPEST PENCIL IN TOWN WANTED This agency is accused of Saving their clients HUNDREDS of dollars on