With Small grain harvest well under way though out the Dakota’s we wanted to make sure to report on the findings as well as the current price tracking.

  • Northwest (Minot area) bushels are running 60-100bu on average inclusive of drown out acres with Protein running 12-14 (heavily discounted)
  • Northeast bushels are running 90-120 with 12-14 protein and small amounts of vomitoxin
  • Southeast bushels are 60-80 with 12-14 protein and problematic issues with vomitoxin
  • Southwest bushels are 50-70 with 12-14 protein no reports of quality as of yet

 

CLAIMS for Small Grains

PRICING:

With the projected harvest price being a net decrease in value, it will allow for a net increase in bushels on your crop insurance guarantee.

For example: APH is 50 bu with 75% coverage level X spring price of $6.84

– Gives a guarantee of $256.50 revenue per acre

  • You grow exactly your guarantee with the decrease in price

37.50 bu X $5.90= $221.25 net indemnity of $35.25 per acre

  • You outgrow your guarantee by 10% (41 bu)

41 bu X $5.90 $241.90 net indemnity $14.60 per acre

During harvest, please make sure to have the office check your net revenue guarantee.  Just because your bushels are decent does not mean you may not have a revenue loss.

 

QUALITY:

Unfortunately, there are no discount factors for low protein.  But there is vomitoxin, scab, aflatoxins, and falling numbers. I have included the chart for Vomitoxin as that is what is showing up most common this year.

For example, if you harvest 50 bu wheat with 5.5ppm vomitoxin your net bu would be

50bu X .45 = 22.5bu

YOU MUST HAVE YOUR QUALITY LOSS’S REPORTED WITH-IN 15 DAYS OF HARVEST AND ADJUSTER SAMPLED WITH-IN 60 DAYS.  YOUR WHEAT CANNOT BE SOLD TO RECEIVE THE DISCOUNT FACTORS.  IF YOU HAVE SOLD WHEAT WITH VOMITOXIN THAN THE ADJUSTMENT WILL USE A REDUCTION IN VALUE VS DISCOUNT FACTORS.

 

 

Adjustors will need all your wheat harvest in order to work any claims, once you have completed harvest, please take the time to fill out your production reports (included with your insurance binder) to evaluate any potential losses.