1. 1 2001 SPRING UPDATE MEETING Montana North Dakota South Dakota Minnesota

2. 2 BARLEY NEW STATEMENT Approved malting barley varieties American Malting Barley Association Malting Barley Contract Montana North Dakota South Dakota

3. 3 Austrian Winter Peas Montana North Dakota South Dakota Spring Seeded Austrian Winter Peas - Can be insured in our region - Written Agreement (based on policy definitions) Dry Peas - (a) All spring-planted… & peas grown to produce seed… not meeting requirements in seed company contract Contract Seed Peas - (a) grown on acreage enrolled in a state seed certification program (b) grown on acreage planted in the spring(c) under a seed company contract Only applies to Austrian Winter Peas grown for seed

4. 4 SUNFLOWERS Revised rotation statement for crop consistency Rotational crops destroyed the previous year Montana - North Dakota - South Dakota

5. 5 Insurance will not attach to any Irrigated and/or IBR acreage on which sunflowers, canola, chickpeas, crambe, dry beans, dry peas (including lentils), mustard, potatoes, rapeseed, safflowers, or soybeans have been planted in the preceding crop year. Insurance will not attach to any NIBR acreage on which sunflowers, canola, chickpeas, crambe, dry beans, dry peas (including lentils),mustard, potatoes, rapeseed, safflowers, or soybeans have been planted in either of the two preceding crop years. A crop which was planted and then all plant growth is terminated prior to the acreage reporting date, will not be considered planted for rotational purposes ONLY. The insured is responsible to provide proof of insurability. Insurance will not attach to any Irrigated and/or IBR acreage on which sunflowers, canola, chickpeas, crambe, dry beans, dry peas (including lentils), mustard, potatoes, rapeseed, safflowers, or soybeans have been planted in the preceding crop year. Insurance will not attach to any NIBR acreage on which sunflowers, canola, chickpeas, crambe, dry beans, dry peas (including lentils),mustard, potatoes, rapeseed, safflowers, or soybeans have been planted in either of the two preceding crop years. A crop which was planted and then all plant growth is terminated prior to the acreage reporting date, will not be considered planted for rotational purposes ONLY. The insured is responsible to provide proof of insurability. SUNFLOWER STATEMENT: Montana - North Dakota - South Dakota

6. 6 SUNFLOWERS Montana - North Dakota - South Dakota NIBR T-Yields Increased to Match IBR T-Yield Separate APH databases are not required

7. 7

8. 8 80 - 85 % Expansion Barley - APH

9. 9 DRY PEAS Type Added: Lentil BlaineDanielsDawson PhillipsRichlandRoosevelt SheridanValleyWibaux

10. 10 Normal stand of live alfalfa plants per square foot Alfalfa Irr 8.0 Afalafa Grass Mixture Irr 3.3 Alfalfa Non-Irr 6.4 Alfalfa Grass Mixture Non-Irr 2.7 Forage Seeding Statement All counties with Forage Seeding

11. 11

12. 12 OATS - Treasure County Change Final Planting Date From: 5/31 To: 5/20

13. 13 WHEAT - Income Protection Change Final Planting Date From: 10/15 To: 10/05 Roosevelt & Valley Counties

14. 14

15. 15 EXPANSION: CANOLA Bowman McKenzie Sioux

16. 16 CANOLA New Rotation Statement - two & three year rotations - two years adds surcharge & plantingrequirements -rotational crops destroyed the previous year

17. 17 Insurance will not attach to any acreage on which canola, crambe,chickpeas, dry beans, dry peas (including lentils), mustard, potatoes, rapeseed, safflower, soybeans, or sunflowers have been planted in either of the preceding two crop years (three year rotation) with the exception below: In a two year rotation, canola, crambe, chickpeas, dry beans, dry peas (including lentils), mustard, potatoes, rapeseed, safflower, soybeans, or sunflowers cannot have been planted in the preceding crop year and a blackleg resistant variety (MR-R) must be planted with the insured providing proof of variety by the acreage reporting date. A rate surcharge (RC) will apply. A crop which was planted, and then all plant growth is terminated prior to the Acreage Reporting Date, will not be considered planted for rotational purposes ONLY. The insured is responsible to provide proof of insurability. Special Provision Statement FCI-35 OPTIONAL COVERAGE FACTORS (CE) COVERAGE ENHANCEMENT1.00 (CR) 2 YR CROP ROTATION1.20 (PF) PREVENTED PLANTING +5%1.01 (PT) PREVENTED PLANTING = 10%1.02 Canola continued

18. 18 80 - 85 % Expansion CassDickey Grand Forks LaMoure Pembina Ransom Richland Sargent Steele Traill Walsh Ramsey - (Irr Grain Only) CORN

19. 19 CRAMBE / MUSTARD / DRY BEANS Revised Rotation Statement for better crop consistency

20. 20 DRY BEANS - adding new varieties Dark Red Kidney - RedHawk Dickey, LaMoure, Ransom, Sargent Small Reds - UI228 Grand Forks, LaMoure, Ransom, Sargent, Steele, Traill, Walsh

21. 21 DRY PEAS - Type Added: Lentil AdamsBillings Bowman Burleigh Dunn EmmonsGolden ValleyGrant HettingerKidder Logan McHenry McIntosh McKenzieMercer MortonOliver SheridanSioux SlopeStark

22. 22 Normal stand of live alfalfa plants per square foot Alfalfa Irr 8.0 Alfalfa Grass Mixture Irr 3.3 Alfalfa Non-Irr 6.4 Alfalfa Grass Mixture Non-Irr 2.7 FORAGE SEEDING STATEMENT Adams Dunn Grant Morton McKenzie

23. 23 Normal stand of live alfalfa plants per square foot Alfalfa Irr 12.0 Alfalfa Grass Mixture Irr 4.0 Alfalfa Non-Irr 8.0 Alfalfa Grass Mixture Non-Irr 2.7 BurleighEmmons KidderLaMoure LoganMcHenry Stutsman FORAGE SEEDING STATEMENT

24. 24 Normal stand of live alfalfa plants per square foot Alfalfa Irr 12.0 Alfalfa Grass Mixture Irr 5.1 Alfalfa Non-Irr 10.0 Alfalfa Grass Mixture Non-Irr 4.3 FORAGE SEEDING STATEMENT Pembina Traill

25. 25

26. 26 POTATOES TOWNER COUNTY Changing Plan: GYC to APH Adding: All Types - Irrigated

27. 27 POTATOES Adding: Potato Processing Quality Option Grand Forks Kidder McHenry Walsh * You must have the Quality Option in force first!

28. 28 80 - 85 % Expansion BarnesCassCavalier DickeyFosterGrand ForksGriggsLaMoureNelson PembinaRamsey RansomRichlandSargent SteeleTraillWalsh SOYBEANS

29. 29

30. 30 CORN - Jackson / Shannon Counties New Statement Irrigated / Non-Irrigated grain corn will be insurable as grain only by written agreement. To qualify……………………...

31. 31 DRY BEANS Adding new variety - Adding new variety - Spink County Dark Red Kidney - RedHawk

32. 32 Normal stand of live alfalfa plants per square foot Alfalfa Irr 12.0 Alfalfa Grass Mixture Irr 4.0 Alfalfa Non-Irr 8.0 Alfalfa Grass Mixture Non-Irr 2.7 AuroraJerauld MinerSanborn FORAGE SEEDING STATEMENT

33. 33 Normal stand of live alfalfa plants per square foot Alfalfa Irr 12.0 Alfalfa Grass Mixture Irr 5.1 Alfalfa Non-Irr 10.0 Alfalfa Grass Mixture Non-Irr 4.3 FORAGE SEEDING STATEMENT BrookingsClay Deuel LakeLincoln Moody Union Yankton

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35. 35 Sanborn County Added Non-Conventional

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37. 37 ACTUARIAL CHANGES FOR 2001 (CONT) COUNTY CROP DELETIONS : n NONE n COUNTY CROP EXPANSION : –MINNESOTA; Canola: 13 counties n DATES: –No changes

38. 38 ACTUARIAL CHANGES FOR 2001 (CONT) COVERAGE LEVELS: n CAT COVERAGE ADDED to GRP and GRIP crops n Added 80% and 85% levels to all hybrid seed corn counties n Corn and Soybeans: Added 80/85% levels to 27 Counties n COVERAGE LEVEL REMOVED: –Soybeans: Deleted 80/85% levels from Hubbard and Isanti.

39. 39 ACTUARIAL CHANGES FOR 2001 (CONT.) RATES: < Reference and CAT < rates for crops under continuous rating generally have increased about 5% < compared to last years 75% R05 rate < Forage Seeding rates increased 20% <this covers the removal of 10% of liability deductible from crop provisions < Hybrid Seed Corn rates decreased about 5% in most counties. < Potatoes Rates increased about 5% in 10 Counties < Green Peas rates increased about 5% in 8 Counties

40. 40 2001 Applicable Continuous Rating Crops By Plan (IN STATES WHERE PLAN IS OFFERED) –APH crops: –RA crops: barley canola corn cranberries dry beans dry peas flax forage prod. grain sorghum mint oats popcorn potatoes soybeans sugar beets sunflowers sweet corn wheat barley canola corn soybeans sunflowers wheat CRC crops: barley corn grain sorghum soybeans wheat

41. 41 ACTUARIAL CHANGES FOR 2001 (CONT.) STATEMENTS: SPOI SPOI Special Provisions of Insurance Added statements: n A Map statement added in counties with maps. This statement refers the insured back to the map n High Risk Land statement changed to reflect use of add-on rates under continuous rating instead of factors. (SPOI)

42. 42 ACTUARIAL CHANGES FOR 2001 (CONT.) Added statements: (cont) SPOI Special Provisions of Insurance n Contact your agent regarding possible premium discounts, options, and/or additional coverage that may be available –This replaces basic unit discount and good experience statements.

43. 43 ACTUARIAL CHANGES FOR 2001 (CONT.) STATEMENTS SPOI(CONT.) n For Sugar Beets expanded the statement that adjusts production for sugar percent to include unharvested production n Quality Provisions statement changed Corn, Flax, Grain Sorghum, Soybeans and Sunflowers

44. 44 ACTUARIAL CHANGES FOR 2001 (CONT) STATEMENTS SPOI(CONT.) n Potato processing quality option added –new quality option for Minn. East Otter Tail, Morrison, Hubbard counties n Rotation Statements in MINN. –TWO NEW Potato Rotation Statements –One statement in - Freeborn and Faribault Organic references mentioned.. See special provisions! –The rotation statement has been changed in 5 Counties to match all other Minnesota rotation statements.

45. 45 ACTUARIAL CHANGES FOR 2001 (CONT) STATEMENTS SPOI(CONT.) (CONT) n ADDED Canola two year rotation statement n CRC soybeans stating broadcast soybeans are not eligible for a written agreement (WA). n Deleted The Statement that previously allowed W.A.s for broadcast soybeans under CRC.

46. 46 ACTUARIAL CHANGES FOR 2001 (CONT.) TYPES: n Minnesota Corn Silage added 5 counties See Actuarial Document Changes hand out for lists of counties n Dry Beans types added: Black Turtle 2 counties Cranberry 2 counties Pink 3 counties Small Red 6 counties White Kidney 1 county Baby Lima 1 county

47. 47 ACTUARIAL CHANGES FOR 2001 (CONT.) PRACTICES: n MINNESOTA DRY BEANS PRACTICE ADDED IRRIGATED Light Red Kidney 3 counties IRRIGATED Dark Red Kidney 5 counties

48. 48 ACTUARIAL CHANGES FOR 2001 (CONT.) T-YIELDS: (cont..) n MINNESOTA –Corrections made to Dry Bean T-Yields in Norman, East Polk, & Red Lake Counties n MAPS –MINNESOTA-- NO CHANGE –New Rules Pages for all county maps.

49. 49 ACTUARIAL CHANGES FOR 2001 (CONT.) SUPPLEMENTS: n Changed rates on FCI-33 Supp. to be add-on rates under continuous rating instead of factors. Plus there may be other minor changes. n Incorporated most 2000 Written Agreements into FCI-33 Supplements. n New Rules Pages for FCI-33 Supplements.

50. 50 ACTUARIAL CHANGES FOR 2001 (CONT.) n SUPPLEMENTS (CONT) LEGAL DESCR / CROP TYPE OPTION PRACTICE RATE T74N R16W SEC: 25 LEGAL SOUTH OF THE ROAD IN THE SE1/4 OATS 0016 997 ALL 0.025 n CORN 0041 016 ALL 0.025 SBEAN 0081 997 ALL 0.025

51. 51 FINISHED questions???

52. 52 Thank You