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October 5, 2012
Risk Management Strategies
their marketing and risk
management decisions. The risk of loss …
May 30, 2013
Risk Management Strategies
their marketing and risk
management decisions. The risk of loss …
July 1, 2016
Connecting Livestock Producers with Recent Economic Research (CLPER)
markets, and more intense managers.
Implications: While it …
July 1, 2013
Connecting Livestock Producers with Recent Economic Research (CLPER)
International Food and
Agribusiness Management Review. 16:43-56. Available …
March 16, 2016
Risk Management Strategies
bigger reason is the Risk Management Agency (RMA) reported yield …
May 8, 2017
Risk Management Strategies
1
Grower Options For Insured Wheat Damaged By Late Winter Storm
Monte Vandeveer (montev@ksu.edu)
Kansas State University Department of Agricultural Economics ‐ May 2017
The late winter storm which struck western and central Kansas, along with areas in neighboring states, caused cold‐
weather damage to the crop which was progressing into its later developmental stages. A publication from K‐State’s
Department of Agronomy, “Spring Freeze Injury to Kansas Wheat,” shows how wheat’s resistance to freeze injury
varies with different stages of development, along with the types of injury due to low temperature and their effects
on yield at later stages of plant development.
Another risk faced by growers is the problem of bent or broken stalks, pressed down by a foot or more of heavy wet
snow from the storm. K‐State’s Department of Agronomy issued an e‐Update on May 1 about the severe conditions
across the state and the likelihood of wheat damage. Agronomists advise that it may be several days before the
extent of damage is known in some cases.
Fortunately, most wheat acres in Kansas are insured; in fact, the state typically has over 90 percent of its planted
wheat acres covered by crop insurance. Step 1 after potential damage to the crop is always prompt notification of
one’s insurance agent.
With damage across such a wide area, the next challenge will be to schedule a loss adjustment. Once the adjuster
provides an appraisal, the acres will be released for other use. If a grower disagrees with the appraisal of the
damaged crop, he/she will need to leave intact strips in the field for later harvest and final resolution of the wheat
claim.
What would a complete loss be worth? Assume a producer has a 40‐bushel Actual Production History yield for
insurance, along with the $4.59 Projected Price (determined prior to planting) to get an expected revenue of $183.60
per acre. Combine this with an insurance guarantee level of 75% to get coverage worth $137.70 per acre for a
complete wipe‐out.
In general, insurance rules do permit the planting of a second crop when an insured first crop fails. The Risk
Management Agency indicates the following options are permitted for an insured wheat crop that has failed,
provided it had not already headed out:
…
July 7, 2017
Risk Management Strategies
https://www.agmanager.info/crop-insurance/risk-management-strategies
Art …
January 5, 2017
Risk Management Strategies, Grain Market Outlook
the upcoming marketing risk management workshops for Kansas is the …
March 21, 2018
Risk Management Strategies
harvested acres plus Risk Management
Agency’s (RMA) failed …
June 25, 2018
Risk Management Strategies
and soybeans, using Risk Management Agency’s (RMA) county yield …