This evening I would like to talk about the Increased Replant Option policy.  This is a private add on product that attaches to a CRC, RA, APH, and IP policy.  For starters I would like to refresh your memories that in order to qualify for a replant payment under your MPCI policy, you have to have 20 acres or 20% of a unit damaged to the extent that replanting is necessary.  This replant payment would equal 8 bushels for corn and 3 bushels for soybeans times the base price of the underlying MPCI policy.  For example if the base price for corn is $4.00 then the replant payment would be the lesser of the actual costs to replant or $32.00 (8 Bushels X $4.00) per acre.  If an insured had the Increased Replant Option, only one acre damaged would qualify for a replant and the insured would be able to collect as much as $50.00 per acre replant payment.  This add on will work great for those insureds that have a few acres wet of spots that they have to go back and replant and would not qualify for replant under their base MPCI policy.  Along with acre one protection, the policy increases the liability to $50 pre acre for replant to help cover high costs of seed and other inputs.  Now that I have gone over the meat and potatoes of the product, lets discuss the cost and availability of the Increased Replant Option.  The Increased Replant Option is available in the states of Nebraska, Iowa, Illinois, Minnesota, South Dakota, Missouri, Indiana, Wisconsin, Michigan, and Ohio.  The cost of this product varies by state and county.  Here are a few examples.

Humboldt County Iowa Corn: $0.19 per acre

Humboldt County Iowa Soybeans: $0.35 per acre

Blue Earth County Minnesota Corn: $0.11 per acre

Blue Earth County Minnesota Soybeans: $0.22 per acre

Saline County Nebraska Corn: $0.06 per acre

Saline County Nebraska Soybeans: $0.11 per acre

Dekalb County Illinois Corn: $0.17 per acre

Dekalb County Illinois Soybeans: $0.37 per acre

Union County South Dakota Corn: $0.11 per acre

Union County South Dakota Soybeans: $0.18 per acre

Grant County Wisconsin Corn: $0.06 per acre

Grant County Wisconsin Soybeans: $0.11 per acre

Lafayette County Missouri Corn: $0.11 per acre

Lafayette County Missouri Soybeans: $0.19 per acre

If you would like a specific example for your county, please give us a call at 877-731-3334