What Will Be the Total Prevent Plant Acres in 2019?Next week will be key in determining how much of the corn crop is planted this year, Schnitkey says. On a national basis, he thinks, 10% more in corn planting progress is the highest USDA will report as of June 2. “Prevent plant acres are going to be at a record level this year,” he says. “It will just be a question of how much of a record it is.” Schnitkey says 10 million acres of prevent plant is possible this year. That’s a significant bump from recent years and average levels. Over the last 12 years, there was an average of 4.6 million prevented planting acres, per data analysis from Brent Gloy, a farmer and economist with Agricultural Economic Insights. Since 2016, corn prevented planting acres were equal to about 1% of final planted acres. In 2018, total prevent plant acres were 2 million, the third-lowest level in 12 years. Source: Agricultural Economic Insights
If you are considering the prevent plant option in 2019, contact your crop insurance agent. Eligibility and reporting requirements are key to assuring that a prevented planting payment can be received.Read More
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