Crop Insurance as Risk Management
When examining your exposure to risk, we recommend including crop insurance as a risk management tool. Our Crop Insurance Specialists can provide you with the best policy for your operation and work with you to integrate your crop insurance with your marketing strategies to do what's best for your business.
November 14, 2013
Did you - or do you think you have a crop insurance claim this year? This year, there could potentially be claims on the yield or revenue side. And what can you do to start looking ahead toward your 2014 crop insurance plan? Grant Frye, an Ag Risk Advisor with Water Street Solutions, talks about these topics with farm broadcaster DeLoss Jahnke of WIRL on the noon agribusiness show. Noon Show Grant Frye AUDIO
September 9, 2013
Keep in mind that the due date for your crop insurance premiums this fall is a month earlier than usual. The billing date has been moved up to October 1st this year. At that time, interest (15%) will attach. Call your Ag Risk Advisor with questions.
August 29, 2013
This is a field of one of our clients. It is on the Iowa-Illinois border. According to Ag Risk Advisor Jim Spiker, there has been NO recorded rainfall at the Burlington, Iowa reporting station the whole month of August. He says the last rain was .40" in mid July. With that, this summer is on track to being the driest summer in the areas since the 1800s.
July 11, 2013
Brett King of Newman Grove, Nebraska works with Water Street Solutions in his grain and cattle operation. He talked about the impact he has seen on the success of his operation from working with his Water Street advisors:
"The biggest impact I've seen on my farm with Water Street is in risk management - knowing my breakevens and making sure that I'm selling at a profitable level. Also, I can make sure that I'm always building up working capital and equity in my operation with the information in the financial analysis. Water Street has helped so much to put me in the positive financial shape I'm in now.
As a young farmer, I don't see how you could try to be without Water Street. When you buy a piece of land or machinery as a young farmer, you take a hit on your working capital. Water Street helps me manage that better. They create updated financial scenarios for me when I'm thinking about a purchase. It helps me make good decisions.
Up until 2012, I hadn't carried crop insurance. I signed up that spring because a Water Street ag risk advisor showed me how I could protect my risk and capital with such a small investment. When you're getting started farming, you have so much risk on the table. You need to protect yourself. I could tell they weren't just trying to sell me insurance. They were helping me use insurance by integrating it into my operation so I could get the most out of it."
May 20, 2013
As the Farm Bill moves forward in Washington, many will be watching what happens to crop insurance. Andrew Bowman is a fifth generation farmer and ag risk advisor from Oneida, IL. He wrote this Op Ed to the Peoria Journal Star. He does a nice job of adding perspective to the debate. Andrew Bowman editorial
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