Corn

You can insure corn if:

• It is grown on insurable acreage;
• Premium rates are provided;
• You have a share; and
• It is planted for harvest as grain or silage.

Insurable corn types include:

• Yellow dent or white corn;
• Mixed yellow and white, high amylase, waxy or high-lysine corn;
• High-oil corn blends containing mixtures of at least 90 percent high yielding yellow dent female plants with high-oil male pollinator plants;
• Commercial varieties of high-protein hybrids; and
• Blue corn and silage in select counties;
• Any open pollinated corn, by written agreement; and
• Pink and purple hybrid corn, by written agreement.

Uninsurable corn types include:

• High oil or high-protein (except as allowed above);
• High-amylose;
• Flint;
• Flour;
• Indian; and
• A variety genetically adapted to provide forage for wildlife.

See counties available in the actuarial documents at Actuarial Information Browser.

The crop may be insurable in other counties by written agreement if specific criteria are met. Contact an insurance agent for more details.

You are protected against the following:

• Adverse weather conditions such as hail, frost, freeze, wind, drought, and excess moisture;
• Failure of irrigation water supply, if caused by an insured cause of loss during the insurance period;
• Fire, if due to natural causes;
• Insects and plant disease, but not damage due to insufficient or improper application of pest or disease control measures; or
• Wildlife.

Insurance coverage begins on the later of:

• Date we accept your application; or
• Date when the corn is planted.

Insurance coverage ends at the earliest of:

• Total destruction of the crop;
• Harvest of the unit;
• Final adjustment of a loss;
• Abandonment of the crop;
• September 30, 2018 (silage); or
• December 10, 2018 (grain).

• Sales Closing / Cancellation Date………… March 15, 2018
• Earliest Planting………… April 11, 2018
• Final Planting…………Varies by county
  
• End of Late Planting Period………… Varies by county
• Acreage Reporting………… July 15, 2018
• Premium Billing………… August 15, 2018
• Production Reporting………… April 29, 2019

Crop insurance premiums are subsidized as shown in the following table. For example if you select the 75 percent coverage level for an Enterprise Unit, the premium subsidy is 77 percent, and your premium share is 23 percent of the base premium.

Basic Unit (BU) - A basic unit includes all of your insurable corn acreage in the county by share arrangement. Premium discounts apply.

Optional Unit (OU) - If a basic unit consists of land in two or more sections, and certain record keeping requirements are met, you may apply for optional units by section.

Enterprise Unit (EU) - All insurable acreage of the same insured crop or all insurable irrigated or non-irrigated acreage of the same insured crop in the county. Premium discounts apply.

Whole Farm Unit (WU) - Generally, all the insured crops in the county that are covered by the insurance plan. Premium discounts apply.

Yield Protection - Protects against a production loss. The harvest price is not used.

Revenue Protection - Protects against loss of revenue due to a production loss, change in price, or a combination of both.

Revenue Protection with Harvest Price Exclusion - Protects against loss of revenue due to a production loss, price decline, or a combination of both.

Catastrophic Coverage (CAT) - Covers 50 percent of your APH yield and 55 percent of the projected price.

Trend-Adjusted APH Yield Option - Allows you to increase your APH yield based on the county’s historical yield trend. This option is not available under CAT coverage or for specialty types.

Supplemental Coverage Option (SCO) - Provides additional coverage for a portion of your underlying crop insurance policy deductible.

APH Yield Exclusion Option - Allows you to exclude actual yields from your APH for select counties, and contiguous counties, in years that had an average county yield of at least 50 percent below the average county yield of the ten previous crop years. Available with CAT or buy-up policies.

You may receive a replanting payment if:

• It is practical to replant;
• The appraisal does not exceed 90 percent of your guarantee; and
• You replant at least 20 acres or 20 percent of the unit.

It will be considered practical to replant on or before the tenth day after the final planting date unless the insurance company determines otherwise. Replanting payments are not available on acreage initially planted before the earliest planting date or on CAT policies.

Late Planting Period - Begins the day after the final planting date and ends 25 days after the final planting date. Your insurance guarantee will be reduced by one percent per day for each day planted after the final planting date. After 25 days, your prevented planting coverage will be 55 percent of your insurance guarantee for timely planted acreage. You may purchase additional prevented planting coverage.

Prevented Planting - You may receive a prevented planting payment if you are unable to plant on or before the final planting date or within any applicable late planting period because of an insurable cause. Additional prevented planting coverage is not available on CAT policies.

The examples assume a 175 bushels per acre APH yield, 75 percent coverage level, and basic unit coverage.

Figures shown on a per acre basis; guarantees and losses paid are on a unit basis. Your premium will be deducted from any indemnity payment. See policy provisions.