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 [...]

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Crop Insurance Shrink Factors

By |2021-09-05T16:07:59-05:00September 5th, 2021|Bharms|

For crop insurance, shrink corn to 15% and soybeans to 13%.   Example: 1,000 wet bushels of corn @ 20% moisture Look up the 20% moisture factor (.9400) Take 1,000 bushels x .9400 shrink factor = 940 dry bushels (15%)   Here are the crop insurance shrink factor tables for corn and soybeans. Corn Shrink [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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. 

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2020 Final County Yields

By |2021-06-27T14:42:50-05:00June 27th, 2021|Bharms|

The final county yields are in for 2020. If ECO would have been available in 2020, would it have paid? Below is a graph showing the Expected County Yield vs. the Actual County Yield.  The difference between the Expected Revenue and Actual Revenue is shown in the table, along with the percentage. ECO (95%) would [...]

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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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