Vane in the News

VANE President Don Preusser Joins Panel Discussing Farm Policy, Economics and Risk

Risk Management Future

VANE’s President, Don Preusser, shares thoughts on the Future of Cost Risk: Where does innovation, climate change and public policy intersect and how digitized field-level data will advance multivariate rating methodology and significantly advance and modernize agricultural production insurance. VANE has already started with new and unique insurance solutions for Growers and Agribusinesses. Download the presentation above and contact us to learn more!

 Innovative new risk management options emerging

4/17/2023

If the U.S. Department of Agriculture’s Prospective Plantings report holds true, producers are on track to plant 92 million acres of corn, over 87 million acres of soybeans and almost 50 million acres of wheat this year. But like most years, Mother Nature interferes and a portion of those acres never get planted.

If the U.S. Department of Agriculture’s Prospective Plantings report holds true, producers are on track to plant 92 million acres of corn, over 87 million acres of soybeans and almost 50 million acres of wheat this year. But like most years, Mother Nature interferes and a portion of those acres never get planted.

Looking at historical data, the range of prevented plant possibilities looms large—from 1.2 million acres in 2012 to a record high of 19.6 million acres in 2019. Prevented plant has averaged 5.7 million acres per year from 2007 to 2022.

After massive snowstorms whipped across the Dakotas and Minnesota through much of the winter and spring, there is a high expectation that growers in that region may be severely delayed with planting. But Frayne Olson, crop economist and marketing specialist at North Dakota State University, says even though the snow often “looked horrendous” it didn’t contain as much water content as in previous years.

 Innovative new risk management options emerging

4/17/2023

If the U.S. Department of Agriculture’s Prospective Plantings report holds true, producers are on track to plant 92 million acres of corn, over 87 million acres of soybeans and almost 50 million acres of wheat this year. But like most years, Mother Nature interferes and a portion of those acres never get planted.

If the U.S. Department of Agriculture’s Prospective Plantings report holds true, producers are on track to plant 92 million acres of corn, over 87 million acres of soybeans and almost 50 million acres of wheat this year. But like most years, Mother Nature interferes and a portion of those acres never get planted.

Looking at historical data, the range of prevented plant possibilities looms large—from 1.2 million acres in 2012 to a record high of 19.6 million acres in 2019. Prevented plant has averaged 5.7 million acres per year from 2007 to 2022.

After massive snowstorms whipped across the Dakotas and Minnesota through much of the winter and spring, there is a high expectation that growers in that region may be severely delayed with planting. But Frayne Olson, crop economist and marketing specialist at North Dakota State University, says even though the snow often “looked horrendous” it didn’t contain as much water content as in previous years.

Vane’s CEO Don Preusser interviewed in AgriPulse

4/12/2023
Written by Sara Wyant at Agripulse.  

If USDA’s Prospective Plantings report holds true, producers are on track to plant 92 million acres of corn, more than 87 million acres of soybeans and almost 50 million acres of wheat this year. But Mother Nature often interferes, and a portion of those acres never get planted. 

Looking at historical data, the range of prevent plant possibilities looms large: from 1.2 million acres in 2012 to a record high of 19.6 million acres in 2019. Prevent plant has averaged 5.7 million acres per year since 2007, the first time electronic data was available from USDA’s Farm Service Agency, including almost 6.4 million acres in 2022.

Producers with an insured crop who can’t get fields planted by approved planting dates may be eligible for prevented planting payments, which cover a portion of the pre-planting costs and may be a more profitable option than planting late. But what about the agribusinesses who planned to sell seed, fertilizer and other inputs to those producers? Or the custom planters and harvesters who no longer have fields to work?    Read the complete article at AgriPulse.

Vane’s CEO Don Preusser interviewed in AgriPulse

4/12/2023
Written by Sara Wyant at Agripulse.  

If USDA’s Prospective Plantings report holds true, producers are on track to plant 92 million acres of corn, more than 87 million acres of soybeans and almost 50 million acres of wheat this year. But Mother Nature often interferes, and a portion of those acres never get planted. 

Looking at historical data, the range of prevent plant possibilities looms large: from 1.2 million acres in 2012 to a record high of 19.6 million acres in 2019. Prevent plant has averaged 5.7 million acres per year since 2007, the first time electronic data was available from USDA’s Farm Service Agency, including almost 6.4 million acres in 2022.

Producers with an insured crop who can’t get fields planted by approved planting dates may be eligible for prevented planting payments, which cover a portion of the pre-planting costs and may be a more profitable option than planting late. But what about the agribusinesses who planned to sell seed, fertilizer and other inputs to those producers? Or the custom planters and harvesters who no longer have fields to work?    Read the complete article at AgriPulse.