Your MPCI policy has a replanting provision. For 2018 and beyond, it will be up to an adjuster to determine if your farm was “practical to replant” before you are eligible for a replant claim under your MPCI policy. Keep in mind the following:
- You must replant at least 20% of the planted acres in the unit or 20 acres, whichever is less. This is the 20/20 rule.
- You cannot do you initial planting of the crop BEFORE the Early Plant Date
- You will be required to replant the crop within the first 10 days of the Late Plant Period of the crop
Once you qualify for a claim, you are paid 8 bushels x the spring price for corn and 3 bushels x the spring price for soybeans. You are required to call your agent to turn in a notice of loss prior to doing any replanting to qualify for a claim.
Some companies offer extra replant coverage that can eliminate the deductible (20/20 rule) portion of the MPCI replanting provision, pay you if you plant before the Early Plant Date for the crop and increase your payment amount. If you replant on a regular basis, this coverage is highly recommended