First Tribune Insurance Crop Update Equal Opportunity Employer 2014 Spring Producer Meeting 1

First Tribune Insurance Crop Update Equal Opportunity Employer

2014 SpringProducer Meeting

First Tribune Insurance

1

Non‐Discrimination Statement

Non-Discrimination StatementThe U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs andactivities on the basis of race, color, national origin, age, disability, and where applicable,sex, marital status, parental status, religion, sexual orientation, genetic information,political beliefs, reprisal, or because all or part of an individual’s income is derived from anypublic assistance program. (Not all prohibited bases apply to all programs). Persons withdisabilities who require alternative means for communication of program information(Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at (202) 720‐2600 (Voice and TDD). To file a complaint of discrimination, write to USDA, Director, Officeof Civil Rights, 1400 Independence Avenue, S.W. Washington, DC 20250 9410, or call (800)‐795 3272 (voice) or (202) 720 6382 (TDD). USDA is an equal opportunity provider and‐ ‐employer.

The information contained in this printed material might not account for recent changes mandated by the Risk Management Agency with respect to the deliverance of the Federal Crop Insurance Program.

Please call FTIA if you have any questions. 620-376-4239 [email protected] WWW.FirstTribuneInsurance.com WWW.Facebook.com/FirstTribuneInsurance

First Tribune Insurance Crop Update Equal Opportunity Employer 2

Sales Closing


THE 2014 SPRING SALES CLOSING DATE is March 15thIs a change needed for your policy or your coverage? 1) Plan of Insurance/Level of Coverage

Does the current plan of insurance/level of coverage reflect the coverage needed for your policy in today’s market?

2) Options – Do you need to add or remove certain options on your policy? a. EU - This option is continuous. If the option was elected in 2013 and you did not qualify; the EU option is applicable for the 2014 CY. Compare EU, with or without Trend Adjustment and different coverage levels. b. Trend Adjustment – Must be elected at Sales Closing Date. Compare Trend Adjustment option with different coverage levels and with or without EU. c. Prevent Plant – Buy‐up – Must be elected at Sales Closing Date. All Prevent Plant buy‐ups must first be approved by Approved Insurance Provider. 3) Entity Type - Is the current Entity Type still valid for 2014CY?

Taking the time to verify these can prevent potential problems discovered at claim time!

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Name on Policy

Please be sure to verify the correct entity. Ideally the entity name must be exactly the same on your insurance as what is listed at FSA, how you sell the commodity and how you file your INCOME TAXES!

Use the same name 1. Insurance2. FSA office3. Settlement sheets4. Income taxes

Documents must be signed the way the policy is named Nelson Farming Corporation should be signed “Nelson Farming Corporation by Jenna Nelson (Title)”

When you take grain to the elevator, you must get a Settlement sheet with the correct names and shares before you transfer or sell the grain. Please remember this if you are going to transfer grain to a landlord or if you decide to give grain to someone else as a donation.

This is extremely important for you to remember!!! First Tribune Insurance Crop Update

Equal Opportunity Employer 4

Limited Resource Farmer


A limited resource farmer can waive their crop policy’s Administrative Fees

(1) Direct or indirect gross farm sales not more than $163,200 in each of theprevious two years (to be increased starting in fiscal year 2004 to adjust forinflation using Prices Paid by Farmer Index as compiled by the NationalAgricultural Statistical Service (NASS); and(2) A total household income at or below the national poverty level for afamily of four, or less than 50 percent of county median household incomein each of the previous two years (to be determined annually usingCommerce Department Data).See http://www.lrftool.sc.egov.usda.gov/LRP D.htm for the actual dollar‐amount adjusted for inflation. The Limited Resource Self Determination Toolmay be used to determine if an insured qualifies as a limited resourcefarmer.

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Person Type Changes

If any entity changes occur during the growing season, notify First Tribune Insurance Agency immediately.

If change occurs before cancellation date, a new application by Sales Closing Date is required.

(Married, divorced, change your trust etc.)


New Producer

A New Producer (NP) is a person who has not been actively engaged in farming for a share of the production of the insured crop in the county for more than 2 APH crop years

• The insured must not have produced the insured crop in the county for more than 2 APH crop years, ever (not limited to just the last 10 years)

• Producing the crop includes being an SBI holder to a person who has been actively engaged in farming for a share of the…

• If a crop is planted and insurable it is considered producing the crop for NP purposes (ie wheat for grain that gets short-rated or corn for grain that gets harvested as silage)

• Producing the crop does not include when the crop is planted in such a way that it would not be insurable (ie wheat planted with intent to graze/hay or silage-only type of corn planted for silage in grain only county)

Benefit is 100% of T-yield without having records, plus ability to qualify for Optional units

• If qualifying for New Producer with 1 or 2 years of actual records, those records must be provided

• Must request New Producer status by Production Reporting Date• There is a field on the application and production report to indicate New Producer• New Producers also need to turn in an Intended Acreage Report for Prevented

Planting eligibility purposes the first time they farm in a new county• Intended Acreage Report for Prevent Plant eligibility not accepted if other crops

previously grown in county


GRAIN FIRE ENDORSEMENT


PERILS COVERED:We shall cover loss caused only by the peril of fire. All other conditions and provisions of the policy remain the same except as changed or provided in this endorsement.

A flat rate of $0.25 per $100 of insurance shall apply to all cropclasses and locations.

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Revenue & Yield Protection Base Prices

2014 2013 2012 2011 2010 2009

Corn $4.60 (Est.) $5.65 $5.68 $6.01 $3.99 $4.04

Soybeans $11.26 (Est.) $12.87 $12.55 $13.75 $9.23 $8.80

Sunflower (confectionery) $0.272 (Est.) $0.331 $0.357 $0.355Sunflower (Oil ) $0.207(Est.) $0.266 $0.282 $0.305

Grain Sorghum $4.44(Est.) $5.53 $5.53 $5.87

These are Kansas & Colorado base prices

2014 Projected price is set in the month of February The prices will not be set until after February 28, 2014


Projected price- The pre-harvest year’s average daily settlement price for the projected price discovery period for the harvest year’s futures contract, as shown below, rounded to the nearest whole cent. The projected price will be released no later than three business days following the end of the projected price discovery period. Harvest price- The harvest year’s average daily settlement price for the harvest price discovery period for the harvest year’s futures contract, as shown below, rounded to the nearest whole cent. The harvest price will be released no later than three business days following the end of the harvest price discovery period.

WheatState Commodity Exchange Contract Month Projected Price Harvest Price CO KCBT September Aug 15 to Sept 14 July 1 to July 31KS KCBT July Aug 15 to Sept 14 June 1 to June 30Corn & Grain SorghumCO CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31KS CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31SoybeansCO CBOT November Feb 1 to Feb 28 Oct 1 to Oct 31KS CBOT November Feb 1 to Feb 28 Oct 1 to Oct 31SunflowersCO CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31KS CBOT December Feb 1 to Feb 28 Oct 1 to Oct 31

Discovery Dates


Acreage Reporting Revisions

Changes can be made prior to the Acreage Reporting due date withoutdocumentation• After the Acreage Reporting due date, a signed, revised acreage report mustbe submitted to the company• For unreported acres that are part of a unit:• Approved Insurance Provider must determine that a cause of loss has not

occurred• The entire unit must be appraised at 90% of the APH yield• For Enterprise units, the entire acreage must be assessed,inspected, and appraised• No revision of Prevented Planting acres is allowed after theAcreage Reporting Date.(It is very hard to get any changes approved after Acreage Reporting Date)


Added Land Summary

If you add Less than 640 cropland acres• Simple Average (SA) T-Yield or Variable T-yield (whicheveris higher)B. Greater than or equal to 640 and less than 2,000cropland acres• Default is Variable T-yield or insured can make a request tothe RO to use the SA T-YieldC. Greater than or equal to 2,000 cropland acres• Variable T-Yields apply, no option to request SA T-yieldfrom the RONote: Insured can always use Variable T-yields, or the recordsfrom a sharing party on added land being shared[Sec. 15I, (3)]


Added Land Request

Added Land Request form process• Submit all documentation (i.e., 578’s, aerial photos,legal descriptions, etc.) for the land in the farmingoperation, not just the added land.• Existing land acres must be noted on the Added LandRequest form in addition to the added land acres• Added Land Request is preferred by production reportingdate but is required no later than acreage report date• Insured's should request use of SA T-yield for allcrops the insured may ever plant on added ground• Not just what is planted the first year ground is added


Enterprise Unit

Producer may elect enterprise unit You must make such election on or before the sales closing date 3/15/2014

for the insured crops in the unit and report such unit structure on your acreage report.

Simplified Explanation• Two sections minimum, each with planted acreagethat comprises at least the lesser of 20 acres or 20%

of insured acreage in the EU• If planted acreage in more than two sections we can

aggregate parcels to meet the 20/20 ruleEU election is continuous until cancelled• Beware! – If insured fails to qualify for Enterprise Units for the current crop year, the next

year EU will still be on the policy. EU is continuous until cancelled in writing.


Enterprise Plus (EP+)

Purchasing the EP+ policy will provide individual sub-unit coverage to protect against isolated losses that do not trigger an enterprise unit indemnity. If the underlying Federally reinsured policy triggers a loss at the enterprise unit, then EP+ coverage expires and premium is earned and payable.

Only available through Great American & ADM this year. If you are interested come to First Tribune and we will

do quotes for your farm.


Trend Adjustment • Optional – must be elected by SCD • Adjusts each eligible yield in database (Actual & YA only)• Available on buy up levels of RP, YP, RPHPE - not available on CAT• Cups and yield floors not applicable when TA is elected for the crop

› Even on a unit with a database that does not qualify for TA› Practices/types excluded from TA by RMA are still eligible for cups/floors

• SA T-Yields must be recalculated in subsequent years if the insured removes the TA election

› Any 2013 SA T-Yield calculated from approved APH yields that were based on actual yields with Trend Adjustment must be replaced with Variable T-yields if TA is cancelled for 2014

› If RMA cancels TA for the crop/practice, AIP can recalculate SA T-Yield• Approved APH yield will not be less than what it would have been w/out the TA

adjustment OR greater than the highest actual yield in the database plus one year of trend adjustment


APH Database Qualifications for TA• APH database must have at least one actual yield in one of the four most recent crop years to qualify

for TA• If the APH database contains fewer than four actual yields in the 12 most recent crop years the trend

adjustment is reduced as follows:1. One actual yield = 25 percent of trend adjustment;2. Two actual yields = 50 percent of trend adjustment;3. Three actual yields = 75 percent of trend adjustment; 4. Four or more actual yields = 100 percent of trend adjustment

(If 2 actual in last 12 and TA is 2 bushels, adjustment would be 1 bu.)• 2002 is last year in the database we can use to find our 4 actuals in the most recent 12 years (2014 – 12

= 2002) • TA amounts vary from year to year

› 2014 TA factors: • TA factors for Greeley County SF & Irr. Wheat 0.1, Irr. Corn is 0.32, Irr. Grain Sorghum is 0.19• TA factors for Wichita County SF & Irr. 0.1 Wheat Irr. Corn is 0.43, Irr. Grain Sorghum is 0.18• TA factors for Wallace County SF & Irr. 0.11 Wheat Irr. Corn is 0.23, Irr. Grain Sorghum is 0.22• TA factors for Hamilton County SF & Irr. 0.11 Wheat Irr. Corn is 1.04, Irr. Grain Sorghum is 0.22


Notice of Loss Deadlines

Provisions require notice of loss w/in 72 hours afterdiscovery of damage, but not later than 15 days afterend of insurance period• End of insurance period is not always the calendar date! (Harvest, destroy the

crop etc.) • Prevent Plant Notice of Loss must be w/in 72 hours after:• Final plant date if no intention to plant during the Late Plantperiod, or if Late Plant period not applicable• Insured determines he/she will be unable to plant w/inany applicable Late Plant period• Revenue losses must be submitted no later than 45 daysafter release of Harvest price


Destroyed Without ConsentReminder

If insured acreage is put to another use prior to notifying your crop insurance company and/or receiving permission to leave representative sample areas, the acreage will be considered as destroyed without consent. Appraisal of “not less than the guarantee” will be assessed against the applicable acreage.


Consent

Policyholders must obtain Consent from their Approved Insurance Provider (AIP) before, and notify them after they:

• Destroy any of the insured crop that is not harvested,• Put the insured crop to an alternative use,• Put the acreage to another use, or• Abandon any portion of the insured crop


What constitutes acreage being destroyed without consent? Insured replanted without notifying the company, or prior to

adjuster releasing the acreage to be replanted. Insured destroys acreage (grazing or mechanical means) without

proper and timely notification.

What is the claim penalty for acreage that is destroyed without consent?An appraisal, of not less than the guarantee,

will be assessed on such acreage.No payable indemnity

Destroying Acres


Transfer of coverage

Transfer of coverageAPH Impact in Subsequent Crop YearAdded- The year of transfer counts as a

year of producing the crop for both parties The transferee must certify the acreage and production history on or before

the Production Reporting Date for he following crop year. The year of transfer counts as a year of producing the crop for both the transferor and the transferee. Incomplete or unacceptable productions reports will result if the transferee fails to certify acreage and production for the applicable crop year.


APH Reviews –

APH Reviews can be easy to complete if the insured sticks to these simple guidelines:1. The insured must keep production records separated by crop, practice, type, unit, andthe actual crop year.2. (S)he must sort the records by the 578 producer prints (identify every acre in reviewand separate by unit and county), settlement sheets, and soft records.3. The insured must record daily livestock feedings.4. (S)he must print combine monitor records and store those records with settlementsheets.5. The insured cannot split truckloads, tickets, and bins between units without propersoft records for commingled production.6. If the insured wants to store current production with production from prior crop years,a third party must pre-measure the earlier production.7. The insured should keep his/her original records and provide the AIP with copies.


Hard records-Settlement Sheets

Hard RecordsHard records are production records

that prove the final disposition of the total crop and are verifiable by a third party. If the settlement sheet lists multiple counties, separate the production by county.

The insured must submit the total production by crop, regardless of his/her share. E.g., if an insured splits the shares 50/50, he or she cannot double half of the production but must provide records for all of it.

Settlement Sheets must clearly indicate each crop years’ production, show all of the production sold, and include the following items:

Buyer’s Name Buyer’s Address Insured’s Name Shares Load/Ticket Number Crop Gross Weight Tare Weight


Soft Records


APH Record Requirements Farm Stored Production


You must mark your binsMust be verified during APH reviewProduction from previous year must be

measured before adding current crop yearMeasurements must be made by RMA, FSA,

or Approved Insurance Provider representatives

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The insured must provide acceptable production records that support the certified production report at the time of a review, whenever an APH review is required.

What are the consequences if the insured doesn’t keep good records?

If the insured has an APH audit (Example: result of a high dollar loss) it may result in:

Assigned yields Commingled production Loss of optional units Overpayment of claims – even in past years

Failure to provide access to insured crop, records needed to determine the loss, or records requested for a review will result in no indemnity due on a claim.

Record Keeping

First Tribune Insurance Crop Update Equal Opportunity Employer 27First Tribune Insurance Crop Update

Equal Opportunity Employer

Silage/High Moisture/Appraisal Requirements

MUST be appraised before cutting/chopping in order to collect a loss.

Please call First Tribune Insurance 620-376-4239 before you harvest!!

Get production in from those units for loss determination.

First Tribune Insurance Crop Update Equal Opportunity Employer28

1st Crop 2nd Crop


If the 1st insured crop is planted but fails, insured has three options:

1. Plant Nothing On Acreage Report you must report the crop that was planted and failed. Will collect 100% of the loss and will pay 100% of the premium on the 1st crop.

2. Plant 2nd crop but chooses not to insure it On Acreage Report you must report the uninsured acres. Production from uninsured acres must be kept separate from insured acres. Will collect 100% of the loss and pay 100% of the premium on the 1st crop.

3. Plant and insure 2nd crop• On the Acreage Report you must report both 1st and 2nd crop acreage.• Will collect 35% of the loss and pay 35% of the premium on the 1st crop. Will collect

additional 65% of the indemnity and pay additional 65% of premium if no loss on 2nd crop.

- Would also pay 100% of premium on 2nd insured crop- Act limits indemnity, not premium.-Insureds must make decision to not insure the 2nd crop by: Time the 1st insured crop is released.

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For acreage that requires a written agreement for insurability per Section 9 of the Basic Provisions the written agreement request must be submitted by the Sales Closing Date 3/15/2014

Special Provision New Breaking Statement– [Acres Allowed] Up to & including 320 acres of NB Acreage meeting the SP requirements might be

insurable without a written agreement Per Insured Entity; and Per Sales Closing Date (SCD)

September 30; and March 15

Any NB Acreage over 320 acres requires a NB WA


New Breaking Written Agreement

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NB Coverage via Written Agreement

• Written Agreements (WA) due by SCD• WA will provide 65% T-yield if true native sod• If ground previously broken, WA will be 80% T-yield• NB acreage must be reported by CLU (FSA farm/tract/field) on acreage report, production

report, and APH database› If not, policy will not clear RMA edits› Policies must be Mapped in 2014

• If in a county with the New Breaking Insurability Request option, the RO will only do NB WA on policies that do not meet requirements that allow AIPs to approve

› Acreage minimums exceeded› Soil Type Capability class not met› Deadline to break out NB acreage was missed


Coverage on Acreage Emerging from USDA Program


The Crop Insurance Handbook now states “Acreage Emerging from a USDA Program” instead of just CRP

There is no procedural changes, howeverIf acreage planted within first two years of emergence, insured uses history prior to CRP or gets 100% of T-yield on CRP acreage for initial yearCRP acreage must be reported separately on acreage report, with a separate APH database, and CLU’s identified and maintained on units containing CRPMust report by FSA farm/tract/field to clear RMA editsWe need a copy of the 578 from the FSA office.2nd year after planting, separate databases are combined and standard APH procedures apply

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CRP ProcedureThis Chart is for Illustration Purposes Only

Is the acreage planted within 2

crop years of emergence from CRP program?

YES

1st YearPrior history applicable to CRP acreage may be (re)certified by the production reporting date.

*SA Ts, PTYs and MYs are NOT applicable to CRP acreage the first year.

NO

2nd Year1. If applicable, APH

databases within a unit must be combined.

2. Standard T-Yield / APH rules apply.

1st Year Planted1. Acreage is insurable without written agreement.2. APH(s) and acreage reports must be identified/reported

separately on the applicable CRP acreage.3. CLU’s must be identified and maintained on CRP acreage4. Standard unit division/PTV guidelines apply*

1st Year100% of county T-Yield will apply to the CRP acreage.

*SA Ts, PTYs and MYs are NOT applicable to CRP acreage the first year.

2nd Year1. If applicable, APH

databases within a unit must be combined.

2. Standard T-Yield / APH rules apply.

NB WA procedures apply

OR


CRP Acreage and Prevented Planting

• CRP acreage coming into production in a county containing the “Physically Able to Plant” language in the Special Provisions is NOT eligible for Prevented Planting the first year it is planted to a crop

• If in a county without the “Physically Able to Plant” language, acreage coming out of CRP may be eligible for PP if all other policy requirements are met

• The change made to the “Physically Able to Plant” language for 2014 Spring crops does not change the determinations above


Premium Date

Premium Billing Date for WheatDue July 1, 2014

Premium Billing Date for all Spring CropsDue August 15, 2013----------------------------------------------------------


Kansas T-Yields


2014 T-Yields - Kansas Greeley Co Wallace Co Wichita Co Hamilton Co Kearny Co Sherman CoCrop T-Yield T-Yield T-Yield T-Yield T-Yield T-Yield Irr Non-Irr Irr Non-Irr Irr Non-Irr Irr Non-Irr Irr Non-Irr Irr Non-Irr Corn 169 34 171 42 177 52 148 32 179 51 178 34Grain Sorghum 84 43 93 36 104 66 84 44 84 52 98 42Silage Sorghum 16.1 5.9 16.1 5.2 18.1 6.4 15.6 5.4 16.4 5.7 15.8 6.1Sunflower-Oil 1550 877 1563 991 1518 1182 1499 855 1579 855 1708 879Sunflower-Conf. 1550 877 1563 991 1519 1182 1501 855 1579 855 1527 739Soybeans 49 16 52 14 43 None 49 None 46 None 51 14Oats 30 30 30 30 30 30 None None None None 30 30Onions: Red None None None None None None 160 None None None None None White None None None None None None 250 None None None None None Yellow None None None None None None 265 None None None None NoneDry Beans: Great Northern 1618 None 1442 None 1618 None None None 1618 None 1688 None Light Red Kidney 1618 None 1442 None 1618 None None None 1618 None 1688 None

Pea (Navy, Med. White) 1618 None 1442 None 1618 None None None 1618 None 1688 None Pink 1618 None 1442 None 1618 None None None 1618 None 1688 None Pinto 1618 None 1442 None 1618 None None None 1618 None 1688 None Small White 1618 None 1442 None 1618 None None None 1618 None 1688 None Barley Winter 43 29 43 29 43 29 43 29 43 29 43 29Barley Spring 43 29 43 29 43 29 43 29 43 29 43 29Millet-MPCI 40 25 40 25 40 25 40 25 40 25 40 25Wheat 45 28(cc18) 45 31(cc19) 47 36(cc25) 44 28 45 32 52 33(cc21)

ALL quotes are always free of charge!

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Colorado T-Yields


2014 T-Yields - Colorado Kiowa Co Prowers Co Cheyenne CoCrop T-Yield T-Yield T-Yield Irr Non-Irr Irr Non-Irr Irr Non-Irr A, B, C, D, 4, 5 1, 2, 3 A, 2, 3, 4 1, 2, 3 A, B, 3 Corn 128 16,19,20,26,26,26 110,116,151 20,24,24,37 161 7,21,25Corn Silage Colo Ton Grain Sorghum 52 16,19,23,25,35,35 29,36,55 15,21,23,26 62 16,19,24Silage Sorghum 8.6,10.8,16.3 2.0,2.5,3.1,3.6 Sunflower-Oil 1,425 246,642,749,910,910,1070 855,1040,1425 516,609,718,845 1328,1328,1562 523,617,726Sunflower-Conf. 1,354 181,473,552,671,671,789 814,990,1356 465,549,648,762 1268,1268,1492 464,547,644Soybeans None None 17,26,34 None Oats None None None None Onions: Red None None 160 None White None None 270 None Yellow None None 300 None Dry Beans: Great Northern None None None None 1727 None Light Red Kidney None None None None 1727 None Pea (Navy, Med. White) None None None None 1537 None Pink None None None None 1537 None Pinto None None None None 1727 None Small White None None None None 1727 None Barley Winter 58 9,12,15,20,20,23 37,42,59 11,15,18,21 54 12,14,21Barley Spring 58 9,12,15,20,20,23 37,42,59 11,15,18,21 54 12,14,21Millet-MPCI 40 8,10,13,18,18,20 None None 40 12,14,21Wheat 23 8,10,18,24,21,24 28,38,42 14,18,22,32 43 17,19,23

ALL quotes are always free of charge!

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2014

E = Earliest Plant Date L = Last Plant DateLAST PLANT DATES

KANSAS

Wheat Barley Corn Dry Beans Grain Sorghum Millet Oats Soybeans Sunflowers

Greeley 20-Oct 10/20 - 4/30 E4/10 - L5/25 E4/26 - L6/25 E4/26 - L6/25 25-Jun 31-Mar E4/26 - L6/20 E4/25 - L6/25

Hamilton 20-Oct 10/20 - 4/30 E4/5 - L5/25 N/A E4/26 - L6/25 25-Jun N/A E4/26 - L6/25 E4/25 - L6/25

Harper 5-Nov 11/05 - 4/30 E4/1 - L5/25 N/A E4/26 - L6/25 N/A 31-Mar E4/15 - L6/25 E4/20 - L6/25

Kearny 20-Oct 10/20 - 4/30 E4/5 - L5/25 E4/26 - L6/25 E4/26 - L6/25 25-Jun N/A E4/26 - L6/25 E4/25 - L6/25

Lane 20-Oct 10/20 - 4/30 E4/05 - L5/25 N/A E4/26 - L6/25 N/A N/A E4/26 - L6/20 E4/25 - L6/25

Pratt 05-Nov 11/5 - 4/30 E4/1 - L5/25 N/A E4/26 - L6/25 N/A 31-Mar E4/26 - L6/25 E4/20 - L6/25

Sherman 15-Oct 10/15 - 4/30 E4/10 - L5/25 E4/26 - L6/25 E4/26 - L6/25 25-Jun 31-Mar E4/26 - L6/15 E4/25 - L6/25

Wallace 15-Oct 10/15 - 4/30 E4/10 - L5/25 E4/26 - L6/25 E4/26 - L6/25 25-Jun 31-Mar E4/26 - L6/20 E4/25 - L6/25

Wichita 20-Oct 10/20 - 4/30 E4/10 - L5/25 E4/26 - L6/25 E4/26 - L6/25 25-Jun 31-Mar E4/26 - L6/20 E4/25 - L6/25

COLORADO

Wheat Barley Corn Dry Beans Grain Sorghum Millet Oats Soybeans Sunflowers

Arapahoe 15-Oct NA - 4/30 E4/15 - L5/25 N/A N/A 25-Jun N/A N/A E5/15 - L6/15

Baca 15-Oct 10/15 - 4/30 E4/15 - L5/25 N/A E4/16 - L6/20 N/A N/A E5/5 - L6/25 E5/15 - L6/25

Cheyenne 15-Oct 10/15 - 4/30 E4/15 - L5/25 E5/15 - L6/20 E5/1 - L6/15 25-Jun N/A N/A E5/15 - L6/20

Kiowa 15-Oct 10/15 - 4/30 E4/15 - L5/25 N/A E5/1 - L6/20 25-Jun N/A N/A E5/15 - L6/20

Lincoln 15-Oct NA - NA E4/15 - L5/25 E5/15 - L6/20 E5/1 - L6/15 25-Jun N/A N/A E5/15 - L6/20

Prowers 15-Oct 10/15 - 4/30 E4/15 - L5/25 N/A E4/16 - L6/20 N/A N/A E5/5 - L6/25 E5/15 - L6/25

E = Earliest Plant Date

L = Last Plant Date


Plant Dates

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Coverage Level 50 55 60 65 70 75 80 85

Subsidy Factors

Enterprise Unit 80% 80% 80% 80% 80% 77% 68% 53%

Basic Unit 67% 64% 64% 59% 59% 55% 48% 38%

Optional Unit 67% 64% 64% 59% 59% 55% 48% 38%

Whole Farm Unit 80% 80% 80% 80% 80% 80% 71% 56%

Coverage Levels & Premium Subsidies


“Top 5” problems we see at FTIA.

1. Share on the settlement sheets is different than it is insured. 2. Delay in production. (Farmers telling us they don’t have a loss, when they

do, resulting in them not getting paid because they didn’t turn production, in timely.)

3. Farmers changing shares, acres, or names at the FSA office and not at First Tribune Insurance.

4. Incomplete acreage reports. (Forgetting to report all acres that are planted, whether insurable &/or non-insurable.)

5. Farmers forgetting to report seed wheat in their production.


Power of Attorney

Insureds may grant a 3rd party authority to sign crop insurancedocuments through a legally executed Power of Attorney form (POA)• A legally executed POA must specify authority to sign for cropinsurance purposes

• New for 2014, Crop Insurance Handbook says for spouse or others to sign for insured, must have POA or other “legally sufficient document”

A signature statement on Application form serves as “legally sufficient document”This means all spousal policies will need to have the signature statement or a POA signed

for 2014 If you want the spouse to be able to sign on a policy.

We have POA forms with us today.


EFT CLAIM PAYMENTSDirect Deposit

When you work sun-up to sun-down, you need all the help you can get.

ARMtech and Great American now offer Direct Deposit on claim payments.Policy holders can sign up for direct deposit on their respective websitesARMtech: www.armt.com

Click on Policy Holders (in the dark blue tab)Sign In using your Username and PasswordClick on My Profile (in the dark blue tab)Click on the button to the right of Direct Deposit Information Enter in the appropriate informationClick on Accept

Great American: www.GreatAmericacrop.comClick on Bill and Claim Pay (in the dark blue line)Click on the Electronic Claim Payment FormEnter in the appropriate informationClick on Submit

We also have forms available which can be filled out and mailed in to the respective companies.

42First Tribune Insurance Crop Update


http://www.armt.com/

http://www.greatag.com/

Things to Remember

• Entity Changes – FSA, MPCI, Grain Sales

• Marriages / Divorces / Death

• New Breaking / CRP

• Tax ID Changes

• Authorization to sign (Spouses)


MOBILE APPS

ARMtech and Great American now offer Mobile App access for their policyholders.

ARMtech: iPhone, iPad, AndroidGo to your App store and search for ArmtechDownload the AppSign-in using your Username and PasswordIf you need a Username and Password call 800-335-0120 x1007

Great American: iPhone & iPad (coming soon for Android)Download GAIC Connect from the iTunes StoreRegister using your policy number and your billing zip code

44First Tribune Insurance Crop Update


Crop Insurance Companies


http://www.admcrs.com/

Important DatesMarch 15, 2014: Sales ClosingDeadline to apply, reinstate, cancel or make changes to your 2014 Spring Crop Insurance contract. Earliest Planting Dates: Corn 04/10/2014 Kansas (04/15/2014 Colorado) Grain Sorghum 04/26/2014 Kansas (Colorado 5/1/2014, except Prowers 4/16/2014) Soybeans 04/26/2014 Sunflowers

04/25/2014 Kansas (05/15/2014 Colorado) Final Planting Dates: Wheat 10/20/2013 (Greeley, Hamilton, Kearny, Lane, Wichita) Wheat 10/15/2013 (Sherman, Wallace)

10/15/2013 (Colorado) Corn 05/25/2014 Grain Sorghum 06/25/2014 Kansas Grain Sorghum 6/15/2014 (Cheyenne & Lincoln CO) 6/20/2014 (Kiowa & Prowers CO) Soybeans 06/20/2014 Sunflowers 06/25/2014 Kansas Sunflowers 6/20/2014 (Cheyenne, Kiowa & Lincoln CO) 6/25/2014 (Powers CO) Acreage Reporting Date: Wheat 12/16/2013 Kansas (11/15/2013 Colorado) Corn 07/15/2014 Grain Sorghum 07/15/2014

Soybeans 07/15/2014 Sunflowers 07/15/2014 July 1, 2014: Wheat Premiums are due July 15, 2014: Spring Acreage Reporting Deadline Report all spring planted acres and planting dates.Report any Prevented Planting Acres*Please have your FSA-578 Form and Maps at this time. The acres we report MUST match your FSA-578 Certified Acres. July 31, 2014: Deadline to pay wheat premiums without interest being charged. September 30, 2014:

Wheat Sales Closing DeadlineUnpaid wheat premium goes on uninsurable list

August 15, 2014: Spring (corn, grain sorghum) Premiums are due September 14, 2014: Deadline to pay 2014 spring premiums without interest being charged.
