Martinson Ag Risk Management offers a variety of crop marketing and crop insurance packages to our customers. Focusing on customer service, we look forward to working directly with our customers day to day to ensure they are informed of the best options available to them.
Farmer Meeting Presentations
Randy's presentation from the Canola Expo in Langdon, ND on Dec. 4, 2018
Randy's presentation from the US Bank Ag Summit in Grand Forks, ND on Dec. 11, 2018
FSA Market Facilitation Program Update
What we know:
What is still to be decided:
- Must complete application for the program by January 15, 2019
- Must report production by May 1, 2019
- 1st payment will be based on 50% of total 2018 production at the following rate per bushel: Soybeans $1.65, wheat $0.14, and corn $0.01.
- Must be harvested production to qualify - crop insurance appraisals cannot be used
- Will there be a second payment on the other 50% of the 2018 production?
- USDA has confirmed there will be a second payment. Payment rates have not been finalized yet. That announcements is expected to come the week of December 3, 2018.
- What if I have acres that won't be harvested until spring? Can I report to FSA twice?
- We have been told that FSA is currently discussing this topic and will communicate updates through the commodity groups.
- Do the numbers I report to FSA need to match those I report to crop insurance?
- RMA and FSA do share information and we expect that this would be an opportunity for data mining. If your numbers don't match you should have documentation that explains the situation in case of an audit.
Unharvested Production Update
The end of insurance date for both corn and soybeans in December 10th.
But if you decide you cannot harvest until spring or at all, the acres will be appraised and that yield will be used for both any possible claim and will be applied to your APH. It is unlikely that you will be given an appraisal of zero bushels.
- A crop insurance claims needs to be opened by Dec. 10 if there is still crop in the field.
- If you are actively trying to harvest after Dec. 10, you will be given time to complete harvest. Acres will not be appraised immediately after Dec. 10.
There are some guidelines in the Loss Adjustment Manual for crops that are unable to be mechanically harvested. But note that the adjuster is the one that makes that determination.
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Non-Discrimination Statement: Martinson Ag Risk Management is an equal opportunity provider. The U.S. Department of Agriculture (USDA) prohibits discrimination against its customers, employees, and applicants for employment on the bases of race, color, national origin, age, disability, sex, gender identity, religion, reprisal, and where applicable, political beliefs, marital status, familial or parental status, sexual orientation, or all or part of an individual’s income is derived from any public assistance program, or protected genetic information in employment or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities.)