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Biotech Yield Endorsement is Good for America's Corn Growers.


WEST DES MOINES, Iowa West Des Moines is a city in Polk, Dallas, and Warren counties in the U.S. state of Iowa. As of the 2000 census, the city population was 46,403; a special census taken in the spring of 2005 counted 51,744 residents.  -- Western Agricultural Insurance Company and its affiliate, Crop1 Insurance Direct, Inc., are among the first in the nation to offer farmers the new Biotech bi·o·tech  
n. Informal
Biotechnology.


biotech
Noun

short for biotechnology

Noun 1.
 Yield Endorsement (BYE).

"The Biotech Yield Endorsement is really about innovation and doing what's right for America's farmers," said Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England.  Trost, executive vice president of Western Agricultural Insurance Company. "BYE can help protect America's corn farmers against increasingly complex production risks, as well as reward them with a reduced crop insurance premium and higher yield. The BYE product is a significant improvement in crop insurance for corn growers because, given market conditions, there is unprecedented demand for higher and more stable corn production."

BYE is a pilot program available in Illinois Illinois, river, United States
Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway.
, Indiana Indiana, state, United States
Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W).
, Iowa and Minnesota. Those four states account for more than 50 percent of the corn acres harvested for grain in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .

Approved by the Federal Crop Insurance Corporation and administered by the Risk Management Agency, BYE provides eligible farmers an opportunity to pay lower crop insurance premiums when they plant at least 75 percent of their insured acres within each insured unit to non-irrigated corn for grain qualifying hybrids that contain YieldGard VT Triple(TM) and/or YieldGard Plus[R] with Roundup Ready[R] Corn 2. Research, backed by three years of comprehensive data from thousands of field trials, confirms that Monsanto's YieldGard[R] Triple Technology reduces annual production risk and increases yield. Only YieldGard VT Triple(TM) and YieldGard Plus[R] with Roundup Ready[R] Corn 2 are eligible for a crop insurance premium discount offered to qualified producers who purchase the Biotech Yield Endorsement.

For most qualifying corn producers, the insurance premium can average a 14 percent reduction in the yield risk component or more than $2 per acre for each qualifying unit on crop insurance premium, depending on coverage level and other variables, such as a grower's Actual Production History (APH APH American Printing House for the Blind, Inc.
APH Actual Production History
APH Association of Personal Historians
APH Antepartum Hemorrhage
APH A Pleasurable Headache (Matthew Good Band community) 
).

Farmers can also benefit from Profit Profiler[R], an innovative software program used in Western Ag's sales channels, which helps them determine which qualifying federal crop insurance product is right for each operation by demonstrating how the factors of premium, risk level and maximum profit potential work together.

For more information about BYE, go to BYEforMe.com.

This endorsement only applies to corn planted in IA, IL, IN and MN. Products offered through Western Agricultural Insurance Company, West Des Moines West Des Moines (də moin`), city (1990 pop. 31,702), Polk co., S central Iowa, a growing suburb W of Des Moines; inc. 1893 as Valley Junction, renamed 1938. Products manufactured there include cement, metal items, and pumps. , IA. Western Agricultural Insurance Company is an equal opportunity provider.
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Publication:Business Wire
Date:Jan 28, 2008
Words:406
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