Corn and Cotton Producers' Prevented Planting Decision

Kevin Adkins, Christopher N. Boyer, S. Aaron Smith, Andrew P. Griffith, Andrew Muhammad, Angela McClure and Tyson Raper

No 302731, Extension Reports from University of Tennessee, Department of Agricultural and Resource Economics

Abstract: Federal crop insurance programs have a prevented planting provision that can protect producers from the financial losses and risk associated with not being able to plant the intended crop within the planting period. Revenue protection, revenue protection with harvest price exclusion, yield protection, and area risk protection insurance policies pay indemnities if producers were unable to plant the insured crop by a designated final planting date or within any applicable late planting period due to natural causes, typically drought or excess moisture (USDA, Federal Crop Insurance Corporation, 2017). The final planting date is the W 820 Corn and Cotton Producers’ Prevented Planting Decision Kevin Adkins, Graduate Research Assistant Christopher N. Boyer, Associate Professor S. Aaron Smith, Assistant Professor Andrew P. Griffith, Associate Professor Andrew Muhammad, Professor and Blasingame Chair of Excellence Department of Agricultural and Resource Economics Angela McClure, Professor Tyson Raper, Assistant Professor Department of Plant Sciences 2 Corn and Cotton Producers’ Prevented Planting Decision last day a producer can plant the insured crop and receive full coverage from their crop insurance policy. The late planting period is generally a maximum of 25 days after the final planting date but can vary depending on the crop. Table 1 provides important dates for Tennessee corn and cotton producers when examining prevented planting decisions (USDA, Risk Management Agency, 2019).

Keywords: Crop Production/Industries; Farm Management; Livestock Production/Industries; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 6
Date: 2019-05-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:utaeer:302731

DOI: 10.22004/ag.econ.302731

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