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Crop insurance yield information simplifies yield updates

Crop insurance yield information simplifies yield updates
Risk Management Agency has access to crop insurance yield information, which can help you make adjustments

Farm Service Agency personnel urge you to take advantage of a Christmas gift from the Risk Management Agency. Farm Service Agency offices now have access to your crop insurance yield information.

Remember that the last day for updating yields or reallocating bases is Feb. 27. Election of which farm bill option you want must be made by March 31.

Carl Schweikhardt, chief state program specialist for production adjustment with FSA answers this question someone posed to him recently, just after he received word that RMA would provide the yield information through cooperation with FSA.

Question: Does FSA have my crop insurance yield information available for the yield update process?

Opportunity knocks: It isn't every day you get a chance to update yields with your local FSA office.

Answer: Yes. FSA has worked with the Risk Management Agency to make available certified yield data that producers can use to better calculate the yield update option. Producers can check with their local FSA county office to see if data is available for them. This data belongs to the producer and only the producer associated with the crop insurance records will be provided this service. Updating yield history or reallocating base acres can occur until Feb. 27, 2015.

Not everyone will want to update yields, he continues. But if you check into it and it appears that it would pay you to update yields, then this information should prove very helpful, the FSA specialist says.

He notes that it is rare to get an opportunity to update yields for government programs. If you choose to update yields you will be looking at yields from 2008 through 2012 as a basis for what the updated yield would be.

Having RMA yields available many make it easier for some to document yields during the five year period being used if someone chooses to update yields. Yields need to be updated and bases reallocated by Feb. 27, 2015. You can choose to do one and not the other.

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