What Farmers Need to Know About the $10B New Assistance Payments
The news: The USDA has announced $10 billion in economic assistance payments for growers of major field crops, including corn, soybeans, wheat, cotton, and rice. The USDA says the application window will start on Wednesday, March 19th. Pre-filled applications will be sent to farmers. Why it matters: This aid is [...]
The Value of RTK Technology for Accurate Field Boundaries
In todayโs unpredictable agricultural landscape, farmers face mounting risks from weather, market volatility, and input costs. Fortunately, the integration of crop insurance, precision technology, and RTK (Real-Time Kinematic) Boundaries offers a powerful trifecta for managing these uncertainties. By combining the financial safety net of crop insurance with the data-driven insights [...]
Crop Insurance Commodity Base Prices for 2025 Finalized
The Price Discovery Period for crop insurance has officially wrapped up, and that has large effects on your policyโyour coverage guarantees are now locked in. The final commodity prices for 2025 crop insurance have been set: Corn: $4.70 | Volatility: 0.18 ย Soybeans: $10.54 | Volatility: 0.14 Spring Wheat: $6.55 | [...]
Is 2025 Going to be the Next Big Drought Year?
By: Lucy Sledge https://vimeo.com/1053046225?share=copy Perhaps youโve heard that 2025 is the year of a โBig Droughtโ for the Midwest, but is that weather truth or folklore? Before you start to make farm planning choices for 2025 based on folklore, it is a good idea to understand what is fact-based and [...]
Precision Risk Management Earns Top Honors at Best of NAMA Awards
FOR IMMEDIATE RELEASESioux Falls, SD - [January 17, 2025]โ Precision Risk Management (PRM) proudly announces its recognition at the National Agri-Marketing Associationโs Best of NAMA - Region 3 Awards last night, where the company earned three prestigious honors celebrating its innovative marketing efforts. PRM received first place in the Digital [...]
What 2024 Harvest Prices Mean For You
The 2024 harvest prices are out, and both corn and soybeans came in much lower than last year, setting up some important implications for your crop insurance coverage. The Harvest Prices for Corn and Soybeans are: These Fall Harvest Prices will determine if many farmers have a loss and are [...]
About Erick Schminke, Director of Sales
I began my career in crop insurance on January 28th 1986 I remember the date because it was the same day that the Space Shuttle Challenger went down not sure if this was some kind of an omen. ย This journey began initially working in my fathers independent insurance agency in [...]
Important Premium Interest Change for 2024
As we look ahead to the 2024 crop year, Precision Risk Management (PRM) wants to alert all our valued customers to an important change announced by the Risk Management Agency (RMA). In recent years, producers were given some leniency when it came to making their crop insurance premium payments after [...]
ECO Coverage Just Got More Affordable, ECO Increased Subsidy
New for 2025: Premium isย 65%ย Subsidized Starting for the crop year of 2025, Enhanced Coverage Option (ECO) will have an increased subsidy making it a great option for farmers. The subsidy has been increased to 65%. This is a 21% increase from 2024. Holding all other factors constant, the subsidy increase [...]
PRECISION RISK MANAGEMENT PARTNERS WITH CLEAR BLUE INSURANCE GROUP
Sioux Falls, SD โ July 1st, 2024 โ Precision Risk Management, acting as managing general agency, is excited to announce its partnership with Clear Blue Insurance Group as their fronting carrier for the delivery of the Federal Crop Insurance Program. Clear Blueโs wealth of knowledge and experience in licensing, reinsurance, [...]
