I have attached trigger charts to reference possible losses on corn and soybeans. With the fall price being lower than the spring price, you may grow more bushels than your guarantee on your schedule of insurance. With Sunflowers being higher than the spring price, you will have to trigger a production loss based on the spring price in order to capture the higher harvest price.
Claims
All claims need to be reported at the earliest of notice or end of insurance period. Please make sure to fill out your production report for crops harvested as we can check for losses the easiest off that sheet. If you have elevator sheets for sold crops that would be helpful for us to adjust the discounts on production as well.
Possible ECAP on Commodities
There has been a fair amount of press on the trade wars and tariffs imposed as well as the detrimental effect on agriculture. Senator Hoeven has commissioned NDSU to perform work based on cost of production for the negative effect on Markets. The four commodities that hit the hardest were soybeans, sorghum, rice, and cotton. By making it a cost of production program vs market facilitation program has opened it up to all crops for the high cost of production. I cannot speak with certainty of any numbers floated around but I have heard between $150-$175 on Soybeans, I have not inquired or heard of numbers on additional crops. Again, I have no certainty on these numbers but I do know that 13 billion has been set aside and the formulas are written I just do not know the breakdown. They have said the money is ready to be deployed as soon as the government opens.