FBN says PACE worth looking into
The crop insurance director of the Farmers Business Network says a new crop insurance tool for split-applied nitrogen on corn is worth looking into if it’s offered in a grower’s county.
Eric Sorensen says Post Applied Coverage Endorsement, known as PACE, is for farmers who have non-irrigated corn and who split-apply nitrogen.
He says it provides a little extra coverage when it’s too wet to apply N after planting.
“That could basically pay you if you’re on the end of that situation where, ‘hey, it’s too wet, I can’t get out there to put the nitrogen on.’ That would always be a problem and especially when we’re looking at these kind corn prices because it’s going to affect your yield adversely.”
There are a few cons, he says, because it’s offered in limited areas, requires bookkeeping and doesn’t pay in certain situations.
“Let’s say that you did get the post-application of nitrogen on but it was a month late because of the weather. Let’s say it was wet, keeping you out of the field. It wouldn’t pay you a loss in that situation even though you might have a yield reduction.”
PACE is offered in select counties in 11 state: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Nebraska, Ohio, South Dakota, North Dakota, and Wisconsin.