A crop insurance agent who farms in southeast Minnesota suggests lower prices and weather challenges should trigger payments for this year’s crop.
Rob Tate of Cannon Falls says a major factor is the weaker corn market.
“We’re looking at yield guarantees, depending upon what policy somebody had. But if it’s an 85 percent policy, you’re going to be guaranteed more than your APH just because of the price drop.”
He tells Brownfield some farmers in his area will receive payments for hail damage, as well as revenue claims on corn and soybeans.
