Ken Ripley

Otherwise, for corn and soybeans, no, you haven't missed any deadlines from that standpoint.

You've got

If you're not in a loss situation, you have – and agents are going to hate me to say this number out loud, but April 29th is the last date to report your production.

For most agents, you're not going to say it's December 31st at a minimum or November 31st at a minimum just so they can make sure you don't have a loss that doesn't get reported.

But that's the big one for corn and soybeans is –

Making sure they had their losses turned in in December.

Once we get beyond that, it gets trickier with the RMA for the companies to accept a loss.

You know, it's actually coming off of 24 being such a rough year, especially in my neck of the woods.

25 is going to be a good year for most areas.

Now, you get down to the south, they had a lot of extreme rains early on, so there was a lot of prevent plant in some of the southern states like Arkansas and places like that, up through Tennessee and Kentucky and those areas.

So impacted, but as a total scheme of things, 25 is going to be a very good year for most companies from that standpoint.

100%, yeah, yeah.

All the, what we call the multi-peril, so your revenue protection, your yield protection, even these area plans, those are all driven by the RMA or the Risk Management Agency with the USDA.

All that is regulated.

Every company, all 13, or what are we, up to 14 of us now, all have the same rules with that.

The only differences you get between companies is the private products, the hail insurance, private add-ons, replant, extra add-ons.

All those can be differing rates by companies, but everything else is a mandatory rate.

If you're getting a different price, maybe better make sure it's a good price.

Yeah.

The nice thing, too, being a farmer myself, I'm going to tell you this crop insurance is going to be one area as producers we're going to see a lower cost in 25 versus 24.