March 2022
Every Saturday morning “Insights into Insurance” radio show KATE 1450AM 8:45am
April 11- MPCI Earliest Planting Date - Corn
April 15- Good Friday (Office Closed)
April 17 - Happy Easter
April 21- MPCI Earliest Planting Date – Soybeans
April 27- Administrative Professionals Day
May 8 - Happy Mother’s Day
May 30- Memorial Day (Office Closed)
June 14- Flag Day
June 19- Happy Father’s Day
June 21- First Day of Summer
Crop Insurance
Don’t Be This Guy! MINNESOTA FARMER TO BE SENTENCED IN INSURANCE FRAUD CASE
Minnesota farmer Kevan Nelson is scheduled to be sentenced in his insurance fraud case against Federal Crop Insurance Corp according to court documents filed in the U.S. District court for the District of Minnesota. As part of his plea arrangement Nelson is ordered to pay restitution to FCIC on a charge that could carry up-to 30 years in prison and a 1 Million dollar fine. Under Nelsons plea arrangement he could face 21-27 months in prison and a $10,000-$95,000 dollar fine. In addition, Nelson has agreed to forfeit eligibility of any new federal program administered, authorized or funded by USDA. This Lake Park corn and soybean farmer was charged in September 2021 for allegedly reporting false information to the FCIC in 2018. Nelson agreed to pay $548,695 in restitution to FCIC and any other victims of his offense as determined by the court according to his plea agreement. According to the Environmental Working Groups farm subsidy database, Nelson’s farm received 1.97 million in subsidies from USDA from 1995-2020. Nelson could also be asked to forfeit any property derived from the proceeds as a result of the violation.
Grain Marketing
Why the time to secure crop pricing is now
Producers should lock in crop prices now with the USDA's March World Agricultural Supply and Demand Estimates report reflecting geopolitical and weather-related events that are driving prices up, writes Bill Biedermann, hedging strategist with AgMarket.Net. Resolution of the Ukrainian conflict will likely drive crop markets down quickly, writes Biedermann.
