MCO is another tool in your crop insurance toolbox. Here are a few ways to use MCO: Protect 95% County Revenue Expected County Yields for 2027 Lock in expected margins MCO includes changes in variable input costs Diversify your crop insurance price MCO projected set in Aug/Sept. Take advantage of incremental risk protection MCO provides [...]
In 2027, SCO (Supplemental Coverage Option) will go from your underlying Revenue Protection Level to 90% county coverage. This changes the band levels for ECO and MCO; they will now go from 90-95%. Crop Insurance Considerations: The top end coverage band is now reducing to 5% of coverage. You can purchase MCO or ECO, not [...]
Above are the Expected County Yields for 2027. The county-based crop insurance products use the expected county yields: Margin Protection, MCO, ECO, and SCO. You can see that soybean expected county yields had increases over 2026, whereas corn had minimal changes.
In October, farmers will receive the higher of the ARC-CO or PLC payment for the 2025-26 crop year. The Marketing Year Average (MYA) Price calculates through the end of August. Data is published roughly 2 months following the month end. Based on actual prices through the month of June and estimates based on futures contracts [...]
Crop insurance appraisals are needed for the following: Chopping for silage Destruction of crops Any unharvested crops Commingled old crop and new crop grain Please contact Betsy to file a claim for an appraisal.
To report your production via precision, you need to document your calibrations for each crop. The calibration must be within 3%. Calibration Documentation PDF Hard Copy - Stop in or call Betsy E-Form Call or text Betsy *REAP is an acceptable form of precision reporting. Benefits of Precision Production Reporting Combine records and calibration report [...]
Crop insurance premiums are due by 9/30/26, but RMA announced a 60 day interest deferral to allow farmers additional time to make their premium payments. If premium is not paid by 11/30/2026, interest attaches back to 9/30/26 due date. Interest Deferred 60 days Pay by 11/30/2026 Although, the termination dates have not changed. [...]
Summer is winding down and kids are heading back to school soon! Our schedules are busy with school schedules and extra activities so we wanted to send out some quick safety tips. Whether it's the first year of kindergarten or the final year of college, here are some reminders to help you and your children [...]
Phillips Stafford Insurance Group has opened our fourth office, this time in the town of Ackley, Iowa. Tommy Wedmore has been added to the team to operate out of and expand our new location. Further expanding our operation to another part of Iowa and bringing more insurance options to Ackley is an exciting opportunity for [...]
Luke Van Roekel has joined Phillips Stafford Insurance Group as an Independent Agent. Luke will focus on providing insurance solutions to individuals and businesses in central Iowa. Luke grew up on a farm in central Iowa and went on to get his BS in Agricultural Business and Economics from Iowa State University. After graduation, Luke became [...]
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