With Total Weather Insurance “we’re taking a crop, say corn, and from seed to harvest asking ‘what are the weather events that, if they happen at a particular point in the growth cycle, will limit yield?’”

Among them:

  • Too much rain in the spring that keeps a crop from being planted in a timely manner.
  • Is there ever standing water in the field?
  • Is it too dry and hot – especially during pollination and grain-fill?
  • In the Dakotas and Minnesota “they worry about getting proper heat units during July and August to maximize yield.”

So, start to finish, “the coverage makes sure none” of the things above happen without recompense.

“TWI is not, in any way, meant to replace the federal crop insurance programs. It’s meant to complement it, to cover the parts of a grower’s yield he can’t insure through the federal program. TWI covers the ‘top end’ bushels that growers can lose without being paid by the federal program.”

Unlike federal crop insurance, TWI isn’t one-size-fits-all. Each policy is customized to individuals based on soil type, crops planted, weather in the area, and yield a farmer is targeting versus APH.

“Everyone will have a very different coverage even if they’re on opposite sides of the street if soil types are different.”

What are growers asked about when considering TWI coverage? Hamlin provides six questions:

  • What federal crop insurance level are you using this year?
  • What’s your APH?
  • What’s your expected average sell price for the commodity being grown?
  • What’s your target yield given the inputs you’ve bought?
  • What are your input costs?
  • What is your crop insurance premium?

After answering those questions, the company’s software will generate a customized program for the operation.