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Veteran Contributor

Taking the prevent-plant option

How many corn acres will take prevent plant insurance? It seems like the best option considering... muddy fields, reduced yield potential from late planting, the significant drop in corn price from February, not much incentive to switch to soybeans.

 

In many circumstances, it could be the best choice for individual farms. No doubt it is also a gift for other producers. 

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Advisor

Re: When's the final plant date where you are, June 1 or June 10.

 You're getting ahead of yourself.  You can't take PP until after the final date.  That's at least two weeks for now.  In the end, the insurance company gets to decide if you can take PP.  What if they extend the date like they often do for final harvest date?

 You have a legal obligation to try to plant and there's still lots of time. 

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Veteran Contributor

Re: When's the final plant date where you are, June 1 or June 10.

You are right that we are not yet to the date to make the decision. My question was how many acres will go that way. Much of the midwest is behind schedule with cool/rainy weather in many areas. Any questionable land (slow to drain/marginally productive) SHOULD be considered for PP with the large drop in prices. I believe we had nearly 1 million PP corn acres last year (with a much better planting window) and around 5 million total in 2013 with conditions similar to 2019. 

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