REDUCED PREMIUM
Many times the actual acres planted is less than what has traditionally be reported to FSA. By using precision data, you only pay premium on actual planted acres, potentially reducing the premium you owe.
INCREASED APH
Reporting only the acres that were actually planted spreads harvested production over potentially fewer acres which in turn leads to higher reported yields. A higher APH could favorably affect your per acre guarantee and loss payment.
IRRIGATED VS. NON-IRRIGATED
Insure your irrigated and non-irrigated acres separately while planting and harvesting straight through.
SIMPLIFIED RECORD KEEPING
Precision data can remove the need to keep track of scale tickets and mark bins during harvest. The data collected from your precision system will be processed by your agent and organized insurance unit. This information allows your agent to generate map based reports that you can use to certify with the FSA office.
ACCURACY
Precision data collection tracks exact acres planted and harvested which more accurately depicts what going on in your operation and removes the risk of human error.
TIME SAVINGS
The ability to report acreage and production with precision technology removes the need for you to deal with “paperwork” as your agent handles all of the processing of the data. It also gets you paid faster in a claim situation.
Precision Technology can be used for the following
Acreage Reporting
Production Reporting
Precision Claims
Three-Year Reviews