Why Should I Precision Report?
Precision reporting is the best way to keep crop insurance records. You only need 3 items! 1. Planting Map 2. Harvest Map 3. Calibration Report Planting For acreage reporting, you get to use your actual planted acres, not FSA acres. The acres do not have to match! In many cases, [...]
Grain Fire Coverage
Worried about combine fire this fall? Your Revenue Protection Policy does NOT provide coverage for combine fire. You do have fire coverage on your Crop Hail Policy. What if you don't have a Crop Hail Policy? You can purchase a Grain Fire Policy before harvest to cover your crop. The [...]
Back To The Basics – Benefits of Crop Insurance
Yield Guarantee Crop insurance is a great risk management tool to use to guarantee bushels. Price Guarantee Price guarantee works similar to a put option, you are selling a floor price in February. If the harvest price is lower, you may collect an insurance indemnity. If the harvest price is [...]
2022 Harvest Prices
Here are the crop insurance prices for the 2022 season. Corn Harvest Price $6.86 Spring Price $5.90 Soybeans Harvest Price $13.81 Spring Price $14.33 Many farmers carry Revenue Protection, which guarantees the higher of the spring or fall price. This year the harvest price for corn is higher than [...]
What is PRF?
What is PRF? PRF stands for Pasture, Rangeland, and Forage. This product is designed to compensate a farmer for reduced haying/grazing from a lack of normal rainfall. How does the coverage work? Claims are based off precipitation totals in a gridded area. Below you can see the average rainfall [...]
2023 Margin Protection Prices
2023 Margin Protection Prices Corn $6.11 Soybeans $13.56 Margin Protection can be purchased through September 30th.
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