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ECO vs. MP

By |2021-09-05T15:43:17-05:00September 5th, 2021|Bharms|

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 are a few similarities between [...]

Is Margin Protection Attractive for 2022?

By |2021-09-06T08:41:22-05:00August 25th, 2021|Bharms|

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 14. This can be beneficial [...]

Revenue Protection + Forward Pricing

By |2021-07-02T09:40:51-05:00July 2nd, 2021|Bharms|

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 help you take advantage of [...]

Mid-Season Precipitation Compared to 5 Year Average

By |2021-06-28T08:43:45-05:00June 28th, 2021|Bharms|

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. 

2021 Crop Insurance Projected Prices

By |2021-03-01T12:04:22-06:00February 28th, 2021|Bharms|

Crop Insurance Projected Prices were calculated in the month of February. Corn $4.58 Soybeans $11.87   These Projected Prices are higher than the past few years. Corn 2021 $4.58 2020 $3.88 2019 $4.00 2018 $3.96   Soybeans 2021 $11.87 2020 $9.17 2019 $9.54 2018 $10.16   Higher Projected Prices means more revenue coverage in 2021. [...]

ECO – 2021 Expected County Yields

By |2021-01-16T16:02:41-06:00January 16th, 2021|Bharms|

Enhanced Coverage Option uses Expected County Yields x Projected Price to determine the Expected County Revenue. Below are the 2021 Expected County Yields in our area: Corn Butler - 200.2 Franklin - 203.0 Grundy - 219.6 Hamilton - 194.1 Hardin - 200.4 Marshall - 212.6   Soybeans Butler - 55.8 Franklin - 56.5 Grundy - [...]

ARC-CO or PLC for 2021

By |2021-01-16T15:25:10-06:00January 16th, 2021|Bharms|

Iowa State University's Ag Decision Maker website is a great resource to evaluate ARC-CO and PLC. As a reminder, PLC is  triggered if the Marketing Year Average Price is lower than the Effective Reference Price. The Effective Reference Price is $3.70 for corn and $8.40 for soybeans. ARC-CO is triggered if the actual county revenue [...]

About Us

Phillips Stafford Insurance Group is an independent insurance agency with office locations around Iowa. We specialize in working with business owners to protect, grow, and transition their business. We are also well equipped to handle all personal insurance needs.

Contact Info

4566 114th St, Urbandale, IA 50322

Phone: (515) 978-9010

Fax: 888-670-3251

Phillips Stafford Agents are Independently contracted.

Licensed in IA, AZ, KS, MN, MO, NE, OH, SD

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