Cotton growers who plant FiberMax or Stoneville cotton seed in 2017 are enrolled in Bayer’s Shared Risk Program.
“It’s important for our industry to reduce the risk growers face each season and to give growers the flexibility to manage to their highest yield potential for maximum profit opportunity,” says Kerry Grossweiler, Bayer campaign manager. “The 2017 Shared Risk Program gives growers added economic confidence.”
North Carolina cotton grower Donny Lassiter says the program support gives him and other Southeast growers more confidence to plant cotton.
“In a time where risk is a big issue in cotton production, the Shared Risk Program is a big deal in keeping acres in the ground here in the Southeast,” Lassiter says. “It’s definitely a higher-cost, higher-risk environment that we’re farming in today. With the Shared Risk Program, at least I know Bayer has got my back.”
When an Act of God goes beyond Bayer‘s science or a farmer’s expertise in the field, the program provides reimbursement for:
- Replant protection on irrigated or dryland acres.
- Crop loss protection on irrigated or dryland acres.
- Dryland protection for producers who suffer crop loss due to drought. Dryland protection is provided when yield falls below 750 pounds per acre as a result of drought.
The grower will be responsible for an $85-per-bag-of-seed deductible.
“When our science and their art lose a round to Mother Nature, we give them the tool they need to either start over with another crop this season or, when that’s not possible, survive to plant again the next season,” Grossweiler said.