Harvest season is progressing rapidly and some areas with variable crop conditions could be dealing with a different crop insurance situation than recent years. MinnStar Bank Farm Management Analyst Kent Thiesse says even if yields are above actual production history (APH), farmers should still pay attention to crop insurance. “This year our fall prices, at least where they’re projected right now, they’re quite a bit below spring prices.” Those with revenue protection may see payments even if yields are better than expected. “The harvest price isn’t finalized until the end of October, but as we get deeper into the month, the odds of seeing huge changes get less and less.” Listen to the full interview with Kent Thiesse here.
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