Jan 07, 2022 4:47 PM

New insurance option for conservation-minded corn farmers

Posted Jan 07, 2022 4:47 PM

Corn farmers who split-apply nitrogen have another option for insurance coverage. USDA’s Risk Management Agency this week announced the details of its Post Application Coverage Endorsement, or PACE, in certain states for non-irrigated corn.

The program provides coverage for producers who split-apply nitrogen to save money, a practice also considered better for natural resources.

PACE provides payments for the projected yield lost when producers are unable to apply the post nitrogen application during the V3-V10 corn growth stages due to field conditions created by weather.

PACE is offered in select counties in 11 states, including Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.

It is available as supplemental coverage for Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion policies. To split-apply nitrogen, growers make multiple fertilizer applications during the growing season rather than providing all the crop’s nitrogen requirements with a single treatment before or during planting.