The new crop insurance "Combo Policy" goes into effect for winter wheat and other fall-planted crops, with a Sept. 30 deadline for most. The new, simplified plan offers three choices: Yield Protection, Revenue Protection or Revenue Protection Without Harvest Price. Yield Protection replaces (MPCI) Catastrophic Coverage (CAT) and Actual Production History (APH) coverage; Revenue Protection plans replace CRC and RA. (see Simpler Crop Insurance Choices.)
Planning to double-crop wheat and beans in 2011? Remember you must sign up for wheat coverage to be able to ensure spring crops. Also remember, the higher the level of coverage you buy, the greater your coverage under SURE (Supplemental Revenue Assistance Payments).
For more information, click here (PDF).