ECO dollar per acre coverage will be determined by your individual APH. You can elect 95% coverage, which gives you a 9% coverage band. Or you could elect 90% coverage which gives you a 4% coverage band. Let's take a look at how the ECO dollars per acre coverage is [...]

Starting in 2021, a Beginning Farmer & Rancher (BFR) can use a Previous Producer's yield history. There are a few requirements to meet: The BFR must have been involved in the decision making of a farming operation. The BFR must have actively participated in the crops being planted. The Previous [...]

Written by: Kyle Meyer, CPA This newsletter is meant to give you a brief overview of how insurance proceeds are treated in the tax law and give you some strategies to avoid unnecessary taxes. Crop Insurance Proceeds from crop insurance, as a result of crop damage or revenue protection, are [...]

2020 Harvest Price Corn $3.99 Soybeans $10.55   Both corn and soybean harvest prices are higher than the Projected Price that was set last February.   2020 Projected Price  Corn $3.88 Soybeans $9.17   Most farmers carry Revenue Protection and are guaranteed the higher of the Projected Price (spring price) [...]

Here is the 2020 Rainfall by county in Iowa comparison. Rain makes grain...variable yields and rainfall have been the hot topics as farmers harvest. Which fields got timely rain? How did that impact yields? Here is a chart that shows rainfall by location in June, July, and August. *Compared to [...]

Phillips Stafford Insurance Group is excited to announce that Luke Peterson has accepted an offer to join our growing team! Luke was born and raised in Eagle Grove, IA. Prior to his work in the insurance industry, Luke worked in the retail business for 15 years. In 2018 he started [...]