Crop Insurance Harvest Reminders
Below are a few crop insurance reminders for the upcoming 2021 harvest season. Appraisals Chopping Silage: Need to get an appraisal if you have loss. Need to get an appraisal if you chop more than 50% of the unit. It is beneficial to get an appraisal in any situation. Grain [...]
Using Margin Protection as Price Protection
Price is one of the biggest contributing factors to a Margin Protection claim payment. Right now the initial price is tracking around $5.09 for corn. Below are a few examples that illustrates Margin Protection's sensitivity to declining prices at harvest. Let's take a look at a few 95% Margin [...]
ECO vs. MP
Enhanced Coverage Option vs. Margin Protection. ECO and MP are both great tools to use as top end crop insurance coverage. Although, you can't elect both ECO and MP coverage. Below is a list of similarities and differences between the products that can help you make a decision. Here [...]
Is Margin Protection Attractive for 2022?
Below are a few of the tops reasons that make Margin Protection attractive for 2022. 95% County Level Revenue Coverage Margin Protection can provide up to 95% county level revenue coverage. Different Price Discovery Period The discovery period for the initial price guarantee is calculated from August 15 to September [...]
Revenue Protection + Forward Pricing
Crop insurance is the foundation of your risk management plan. With a crop insurance policy called Revenue Protection, you are protected from a bushel loss and/or a price decline. It is common to see weather premium built into the market in the spring and summer timeframe. How can crop insurance [...]
Mid-Season Precipitation Compared to 5 Year Average
Below is a graph showing precipitation from April 1, 2021 to June 28, 2021 compared to the 5 year average. Below is a graph showing precipitation from June 28, 2020 to June 28, 2021 compared to the 5 year average. Precipitation is based off www.climate.com.
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