The Derecho Storm on 8/10/2020 caused widespread damage and left farmers with decisions to make on damaged crops. Let's talk about federal crop insurance. The first question is... can the crop be mechanically harvested? If normal harvesting methods and equipment can be used to harvest the crop, the crop would be considered harvestable. Normal harvesting [...]
Margin Protection is an attractive option to combine with your Revenue Protection policy. Most of you carry 80% or 85% Revenue Protection as your federal crop insurance. You could enhance or strengthen your coverage by combining the two. Here are a few reasons why. Diversify your risk management strategy Margin Protection's Project Price discovery [...]
Margin Protection is an area based crop insurance product with a coverage limit up to 95%. The policy works fairly similar to the federal crop insurance product, Revenue Protection, which many of you carry. First, you obtain an expected margin based on price, yield, and operating costs. Next you elect a coverage level, 70- 95% [...]
Check out my September newsletter! Articles Include: Potential for MPCI Revenue Claims in 2020 Grain Fire Calibration Tips Claim Potential on 95% Coverage Farm Bill Updates for 2019 Crop Harvest Reminders & Events Weather or Not, Cover that Crop - September 2020
We are excited to announce that Betsy Harms has chosen to join Phillips Stafford Insurance Group in our Ackley, Iowa office. Betsy has been an independent agent since 2010 serving her clients with their home, auto, farm, commercial, life, and health insurance needs. Her roots are in agriculture with a degree from Iowa State in [...]
Get Social