Post Application Coverage Endorsement
Call (605) 271-7996 For More Info
What It Is
Post Application Coverage Endorsement provides coverage for corn farmers using “split-apply” nitrogen. A grower will receive a loss payment if a weather event prevents application of the post application (second round) of nitrogen to a field. The payment will be based on the projected yield loss caused by not applying the addition nitrogen.
What It Does Not Cover
Many input costs are at higher levels than their historical average and are harder to obtain. PACE does not protect against prevention of nitrogen application because of the input cost or availability.
Main Details of PACE
Covers non-irrigated corn only
Split Nitrogen Choice
25% – 80% post application choice
70% – 90% coverage level choice
Available in 11 states and select counties
Must have one base coverage:
Revenue Protection, Revenue Protection HPE, Yield Protection
Coverage applies to V3-V10 corn growth stages (2-3 weeks)
Combined claims can’t exceed 100% value of crops
Sales Close Date
Must purchase by 3/15
What Does Premium and Indemnity Look Like?
The PACE premium and indemnity calculations are extremely complex and require access to the RMA actuarials. A Risk Management Advisor can provide exact quotes on a grower’s operation and area.
What is Split-Applying
To “split-apply” nitrogen, growers make two or more fertilizer applications during the growing season rather than providing all the crop’s nitrogen requirements with a single treatment prior to planting. The practice saves producers money and is considered better for natural resources according to the Risk Management Agency (RMA).
Availability of PACE
PACE is currently a pilot program and is not offered in all states and counties. This list highlights some of the states and counties where PACE is available for purchase in 2022.