U of M offers planting decision advice
Many farmers are concerned about the cool spring weather and cold soil temperatures. Usually, farmers have started planting by now. Hopefully, the weather will warm up and planting will progress. Farmers have started to discuss prevented planting. As the planting season goes on, farmers will have to decide whether to plant or not to plant. Final planting dates for corn producers are May 25 (northern Minnesota) and May 31 (southern Minnesota). June 10 is the final planting date for soybeans for the whole state. If you decide not to plant, there is a formula to use to determine your prevented planting rate. There is a simple payment rate of $5.90 multiplied by your APH and your insured percentage multiplied by 55% to get your prevented planting rate for corn. For example, 85% coverage is $5.90 *180 bushels (APH)*.85 *.55= $496.49 per acre payment less premium. For soybeans: $14.33*50 bushels (APH)*.85 *.60=$365.42 per acre payment less premium.