2022 Margin Protection, Bad Idea or Good Idea?
It has been almost 1 year since farmers purchased Margin Protection for the 2022 crop. At that time, corn prices were on the rise and locking in $5 corn looked very attractive heading into harvest. The fear of increasing input costs also weighed on many minds. Then February rolled around [...]
Green Snap, Wind, Extra Harvest Expense
What's the difference between green snap, wind, and extra harvest expense coverage? Green Snap Green snap provides coverage for a broken or severed stalk at a node above the brace roots and below the ear. Wind Wind provides coverage for flattening, bending, or breaking of the stalk. Extra Harvest Expense [...]
2021 County Yields
Below is the expected yield compared to the final county yield for the 2021 crop.
Phillips Stafford Enters The Eastern Iowa Market, Brings On Matt Lafrenz
We are excited to announce that we have officially entered the Eastern Iowa and Western Illinois insurance markets following the opening of our office in Tipton, Iowa. Phillips Stafford Insurance Group welcomes Matt Lafrenz to the team to head up the Tipton, Iowa office. Matt started his insurance career as [...]
Livestock Risk Protection
What is Livestock Risk Protection? Livestock Risk Protection (LRP) is customizable price protection for cattle and hogs. How does Livestock Risk Protection work? You have the opportunity to lock in a coverage price based on the futures closing price. You select the number of head, expected selling weight, and expected [...]
How Does SCO & ECO Work With Revenue Protection
Revenue Protection (RP) Based on an APH yield of 200, 80% Revenue Protection provides 160 bushel guarantee. With no other coverage, there is a bushel deductible of 40 bushels per acre. You can see this illustrated in the first bar. Supplemental Coverage Option (SCO) SCO is a county based coverage [...]
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