It saves you money!
You have a lot at stake in making sure your crop insurance acreage reporting is accurate and on time.
If you fail to report on time, you may not be protected. If you report too much acreage, you may pay too much premium. If you report too little acreage you may recover less when you file a claim.
Crop insurance agents often say that mistakes in acreage reporting are the easiest way for producers to have an unsatisfactory experience with crop insurance.
Don't depend on your agent to do this important job for you. Your signature on the bottom of the acreage reporting form makes it, legally, your responsibility. Double check for yourself. Also make sure that your crop insurance and FSA reports are identical (provide written explanation of any differences). The law requires that they be compared.
Make sure that you receive and retain a signed copy of the reports that you file as this is critical to correct any errors that may show up later.
What is an Acreage Report?
The acreage report is the basis for determining the amount of insurance provided and the premium charged.
An annual acreage report for each insured crop in which you have an ownership share in the county must be submitted to your insurance company (through your agent) on or before the acreage reporting date for that crop.
The acreage report shows: the crops you have planted; acreage prevented from planting; what share you have in those crops; where the crops are located; how many acres you planted; the dates you planted them; what insurance unit they are located on, and the cultural practice followed (i.e. irrigated, double cropped, etc).
It is difficult to change acreage reporting after the acreage reporting deadline.
Remember
Acreage reporting is your responsibility. Doing it right will save you money.
Always get a copy of your report immediately after signing and filing it with your agent and keep it with your records.
Remember it is your responsibility to report crop damage to your agent within 72 hours of discovery.
Never put damaged acreage to another use without prior written consent of the insurance adjuster. You don't want to destroy any evidence of a possible claim.