crop insurance on alfalfa?

Nick m · Aug 31, 2014

I was always under the assumption that you couldn't insure
any type of hay. I was just told you could but I didn't get any
details. Did a Google search and didn't come up with much.
Can you do this and how does it work?

IaGary · Sep 1, 2014

Yes you can insure alfalfa. Contact your local crop insurance agent and he will go through the coverage options with you.

I believe it will cover you for loss from weather but not for weather on cut hay.

Gary

kyhayman · Sep 1, 2014

Lots of options in some places, strictly NAP coverage (through FSA) in a lot of others. Thats the boat I'm in here. I can ensure hay here but, by the time I use county average yield and price, and take the percentage cut of coverage it works out its only about 50%. In reality, in this climate, no matter what happens I'll get a half a crop.

Now the coverage I do have on hay is insurance on the hay in the barn against fire, theft, vandalism, wind etc. Insured as listed property just like a tractor or a barn. After all, a hay fire is pretty much a done deal. If its out in the field I can deal with it, but when all the costs are sunk to put it up, thats a lot of risk exposure.

hayray · Sep 2, 2014

Alfalfa insurance is all brand new so that is why you are having problems finding info. I believe it also is not available in all counties.

GeneMO · Sep 6, 2014

You can insure almost anything, anywhere, IF, IF you have some good records and history. If you could come up with two or three years worth of records, hay sold, or even feeding records, to show the number of cattle you fed, how much a day, and for how many days, that would help. Sales records would be better through.

Then have you agent do a "Written agreement". He starts out by doing a "Request for actuarial change" or "Request for written agreement" I am not an agent, but a retired claims supervisor, So I am a little rusty on the terms and exact methods.

Basically you are asking the govt. to offer you ins. They in turn have to offer you something. Then you get the option to accept or turn it down.

There will be a "Sales closing Date" so you have to do it well before that time.

Like others have said, go to your local agent, and get one who specailizes in crop ins.

If you give me your state and county I can look to see if there is an existing program there.

Gene

GeneMO · Sep 6, 2014

(quoted from post at 10:19:20 09/06/14) You can insure almost anything, anywhere, IF, IF you have some good records and history. If you could come up with two or three years worth of records, hay sold, or even feeding records, to show the number of cattle you fed, how much a day, and for how many days, that would help. Sales records would be better through.

Then have you agent do a "Written agreement". He starts out by doing a "Request for actuarial change" or "Request for written agreement" I am not an agent, but a retired claims supervisor, So I am a little rusty on the terms and exact methods.

Basically you are asking the govt. to offer you ins. They in turn have to offer you something. Then you get the option to accept or turn it down.

There will be a "Sales closing Date" so you have to do it well before that time.

Like others have said, go to your local agent, and get one who specailizes in crop ins.

If you give me your state and county I can look to see if there is an existing program there.

Gene

PS, the above method is only for when there is not a program set up in your county. If you are in hay country there very well could be a program in place, then you dont have to go through the hassle of requesting coverage.

Gene

crop insurance on alfalfa?

Nick m

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IaGary

Well-known Member

kyhayman

Well-known Member

hayray

Well-known Member

GeneMO

Well-known Member

GeneMO

Well-known Member

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