What is the consequence of not submitting the acreage report by the deadline?

Submitting an acreage report by the established deadline is crucial for maintaining coverage under crop insurance policies. The consequence of failing to meet this deadline is indeed the loss of coverage for the crop. This means that if a farmer does not report the acreage, they may not be eligible for indemnity payments in the event of a loss. This strict adherence ensures that the insurance company can accurately assess risks and liabilities based on the insured's planted acres.

The other choices, while they may suggest some form of consequence, do not align with the primary implication of not submitting the report. For instance, while some insurance policies might include penalties, the most significant impact is the loss of coverage, which is pivotal for ensuring financial protection against crop losses. Alternative choices like assessing increased premiums or allowing submission at any time lack the immediacy of consequence directly affecting coverage eligibility. Thus, understanding the critical nature of timely acreage reporting is essential for anyone involved in crop insurance.