Margin Protection Input Tracking

By |2022-01-17T13:39:40-06:00January 17th, 2022|Bharms|

If you purchased Margin Protection last September for the 2022 crop season, you may be wondering how the inputs are tracking. Margin Protection includes fixed costs and variable costs to determine the Expected Margin by county. The variable costs will impact a potential claim payment. The projected variable costs were determined in Aug/Sept of 2021.  [...]

Climate Pre-Harvest Checklist

By |2021-09-06T07:44:04-05:00September 5th, 2021|Bharms|

Here are a few reminders to getting Climate ready for harvest. Update software: Both Fieldview Apps and Yield Monitor software. CAB App version 14.7.1 Confirm the Drive is connected to iPad on the bottom corner of the Cab App Home screen. If not, go to settings and devices to connect. Select your harvest equipment. Make [...]

Crop Insurance Harvest Reminders

By |2021-09-06T07:47:37-05:00September 5th, 2021|Bharms|

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 Bin Measurements: Need to have [...]

Using Margin Protection as Price Protection

By |2021-09-05T15:57:44-05:00September 5th, 2021|Bharms|

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 Protection price scenarios when all [...]

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 [...]

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

2840 104th 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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