Multi-Peril Federal Crop Insurance does have a replant provision. Replant benefits are only available on a Yield Protection (YP) or Revenue Protection (RP) policy type. This benefit is designed to only pay one time per crop, per year. Below is the exact wording from the Basic Crop Insurance Provisions as it relates to when replant payments are not made:
No replanting payment will be made on acreage:
- On which our appraisal establishes that production will exceed the level set by the Crop Provisions;
- Initially planted prior to the earliest planting date established by the Special Provisions; or
- On which one replanting payment has already been allowed for the crop year.
For corn, the planting date must be between April 1 or 5 and June 5. For soybeans, the planting date must be between April 15 or 20 and June 20. The benefit will pay 8 bushels per acre for corn and 3 bushels per acre for soybeans using the spring price for each crop. For 2016, corn will pay $30.88 (8 bu. x $3.86) per acre and soybeans will pay $26.55 (3 bu. x $8.85) per acre. This will only pay if the acres to be replanted is the lesser of 20 acres or 20% of the unit. Also, a replant claim must be filed prior to replanting the field.
Aside from the replant benefits associated with Multi-Peril Federal Crop Insurance, there are additional endorsements/products you can purchase that can allow for more flexibility and coverage if replanting is needed. These are not designed to provide multiple payments, but would be additional coverage and/or cover earlier planting.