Simple Ways to Prepare for a Busy Crop Season
As seasons change, famers look forward to the next phase of their yearlong production plan.
If you operate an agribusiness, one of the most important times of the year is when you enter the new crop season. The initial planning and planting of your crops sets the pace for how the rest of the year turns out for the crop harvest and your end of year profitability.
Looking forward to the coming crop season, here are some simple steps you can use to ensure the greatest success.
- Create Systems for Tracking Crop Production
Carefully monitoring your crop production closely is one of the most important things you can do to set your farm up for a successful crop season. If the season goes well, tracking crop production gives you a clear picture of the kind of yield you can look forward to for the coming harvest.
Alternatively, if things don’t go well in the upcoming crop season, keeping close track of production levels allows you to make more accurate claims for your crop insurance. This ensures that you suffer the lowest amount of financial loss possible because of poor crop yield.
For the most reliable results and for insurance purposes, it is best to separate your tracking systems according to the type of crop being produced.
- Measure Previous Crop Production Accurately
One of the best ways for farmers to know what to expect for a future crop is by reviewing the results from the previous crop seasons. This helps you to have a successful crop season in two major ways.
First, knowing past crop performance helps you make future plans and projections based on output from the previous year. Second, tracking crop production helps you to estimate how much crop insurance you need for the coming year to ensure that your crops are protected without spending any more than you have to for coverage.
- Reassess Your Crop Insurance Needs
It is easy to assume that you should just pay your usual crop insurance premium each year and leave it at that. However, if you take a closer look at your current crop insurance needs you will likely find that you are either over or underinsured.
Each year, it is important to reevaluate your insurance needs in order to determine the amount of coverage you need for the coming crop season. Work with a qualified crop insurance provider who can provide expert advice and insight on the subject.
If you find that you need to adjust the level of coverage you had in the previous crop year, it is important to have it done before the date that your policy gets re-issued. If you miss the deadline, you risk going a full year without the correct level of coverage.