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Insurance Policy Coverage Extension Criteria

Insurance Policy Coverage Extension Criteria - Importance Of Understanding Coverage Extension Criteria Understanding the coverage extension criteria is vital for various reasons. Firstly, it helps individuals to determine the scope of the coverage they are entitled to, which is essential in making informed decisions about insurance policies. Secondly, it enables policyholders to identify any gaps in their coverage, which may lead to financial losses in the event of unexpected events. Additionally, understanding coverage extension criteria is crucial for businesses to protect their assets and investments from potential risks. Companies must ensure that their policies cover the necessary aspects of their operations, including employees, equipment, and property. Lastly, comprehending coverage extension criteria is beneficial for mitigating risks and ensuring that policyholders are prepared for unfo...

Get Set Up for a Successful 2023 Season

Get Set Up for a Successful 2023 Season

It's a fantastic time to set up your FarmLogs account for a productive season as you finish up all of your preparations for planting. Links to support articles with detailed instructions are provided below.

1. Log in to your Climate FieldView or John Deere Operations Center account.

Establish the connection to your Climate FieldView or John Deere Operations Center account before you sow the first seed. On the basis of the inputs used and the field work that was done, activities will thereafter be automatically created. This action will continue to update your P&L since the Profit & Loss feature is an aggregate view of all the data in your account. Afterwards, you can view in-depth analyses of operations at the level of an acre, field, crop, and farm.

2. Enter your 2023 crops next.

By choosing Add crop on the Fields page or while utilizing the Marketing tool, you can either add crops to fields individually or now you may add the same crop to several fields.

3. Log Input Buying

Make sure to record any input purchases you have already made for this year in order to automatically maintain an accurate cost of production as you register field work throughout the season. You can also include customized inputs or saved blends.

4. Invite coworkers or partners to use your account.

To make it simpler to communicate with all of your farm partners, you may add users or third-party service providers to your account with varying levels of access. Farm managers, crop consultants, agronomists, marketing advisers, accountants, custom applicators, and others may serve as examples. Remember that you may now share a map and assign tasks to third-party service providers, like a bespoke applicator or a soil sampling service, without giving them access to your account or requiring them to log in.

5. Make your Activity Types unique

Over the season, modify the operational costs of each activity type or add additional activity types to use for tracking field work.

6. Create other accounts for expenses and income.

To keep track of expenses and money aside from field work and inputs, add Other Cost and Income accounts. Consider these as accounts on your income statement, like those for diesel fuel, utilities, and crop insurance, for instance.

7. Sign land contracts

To ensure that your profit and loss statement is accurate and that you can rapidly generate reports, such as a crop share report, make sure all of your land agreements are recorded in the Land Costs section.

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