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 higher, you are guaranteed the [...]

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 the spring price. This allows [...]

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 for Ackley, IA by interval. [...]

2023 Margin Protection Prices Corn $6.11 Soybeans $13.56   Margin Protection can be purchased through September 30th.

Have you sold grain for 2023? Have you purchased majority of inputs for 2023?   Answering these questions will help you determine if Margin Protection makes sense for you. Review the 4 scenarios below:   SOLD GRAIN & PURCHASED INPUTS You have captured your margin You need bushels for delivery You would be fine to [...]

What is your risk heading into next season? Price Yield Input Costs Margin Protection can help you manage these risks. Price: Margin Protection allows you to lock in a price during August/September prior to the crop year, instead of waiting until federal crop insurance price discovery in February. In the fall, you are beginning to [...]

Below is a chart showing the expected county yields used in the Margin Protection product in 2023.

What are you doing for price protection? The volatility in the market right can easily swing prices in one direction or the other very quickly. Margin Protection allows you to obtain a projected price in August/September ahead of the next season's crop. For federal crop insurance, the projected price is not set until February of [...]

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 and corn prices were still [...]

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 Extra harvest expense coverage provides [...]