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Winter wheat producers who are covered by federal crop insurance will not have to pay premiums on diverted acreage and may benefit from higher yield guarantees.
FCIC will accept revised acreage reports from those winter wheat farmers who have already filed their acreage reports, even though, technically, they are liable for the premium on all acreage already reported.
To be eligible for the increased yield guarantees and reduced premium liability, a producer must file a revised acreage report with USDA’s Federal Crop Insurance Corporation by May 8. The revised report must designate acreage to be destroyed in order to comply with the new program. The producer must give FCIC A NOTICE OF INTENTION TO DESTROY such acreage and must have received written consent from that agency.
If a producer fails to take advantage of the opportunity to revise his acreage report, FCIC will not give
consent for insured acreage to be destroyed and the producer must care for the acreage until harvest to receive an indemnity.
85.9%