Staying on Top of Tech for Harvest
Have you done your pre-harvest precision check yet? Technology never seems to work when you need it to. The last place you want technology to go wrong is in the field during harvest. There is no way to 100% guarantee you won’t have precision technology issues in the field, but [...]
Should I Consider Margin Protection
What It Is Main Details Margin Protection, also called MP, guarantees you will maintain your desired operating margin. It covers against an unexpected decrease in operating margin (revenue less input costs). Margin Protection provides both yield and price protection meaning lower county yields, reduced commodity prices, increased prices of inputs [...]
Technology and the Future of Ag
Staying on top of the latest technology for agriculture is vital to an operation’s success. Precision Risk Management is here to help Keep You in the Know about the latest technology and what applications it can mean for you. PRM sent our lead Data Specialist, Adam Squires, to TechHub Live [...]
Accelerated Claim Payments for Extreme Drought Conditions
Yesterday the Risk Management Agency (RMA) issued guidance to all Approved Insurance Providers (AIPs) authorizing them to utilize emergency procedures for crops damaged by drought. What this means for you is a potentially faster claim payment in the event there is a heavy claim load. It does not increase your [...]
USDA changes give you more freedom to utilize cover crops. Prevent Plant claims no longer at risk.
Key Take-Aways: · Effective starting this year and all years going forward · Eliminated 65% PP claim reduction for hayed, grazed, or cut for silage, haylage, or baleage cover crops before November 1st · There will still be a 65% PP claim reduction if harvesting for grain or seed · Gives [...]
New Program Can Reduce Premium by $5/acre for Planted Cover Crops
Key Take-Aways: Insurance premiums are reduced by $5/acre for planted cover crops in 2021Grower must certify with FSA office by June 15thReduction automatically applied to the August billing statement Producers who planted cover crops this year can reduce their crop insurance premium by $5 per acre under a new U.S [...]
Important Spring Crop Insurance Policy Reminders
There are a ton of rules and requirements with the federal crop insurance program. It is almost impossible for a grower to know them all and keep up to date on all the changes. PRM is here to help farmers navigate the key dates and requirements for different parts of [...]
High Commodity Prices Can Bring High Payouts
The February base price for corn is $4.58 and $11.87 for soybeans for Revenue Protection (RP) and Yield Protection (YP) crop insurance policies. These commodity prices are significantly higher than last year. With Revenue Protection, it can lead to a high payout if the right combination of factors occurs. For [...]
ECO Covers Top Tier of County Losses for a Higher Premium
Growers have a new coverage option in the 2021 planting season called Enhanced Coverage Option (ECO). This new endorsement provides insurance coverage to a previous gap on the top end of county revenue losses between 86% to 90/95%. PRM’s analysis has found this new coverage is coming with a high [...]
John Deere Receivers Need an Update. PRM Can Help.
You need to know John Deere's mandatory software updates have consequences for all their models for the 2021 growing season. John Deere needed to make updates to keep their software compatible with the satellite network. In order for your John Deere Ag Management Solutions satellite ran systems like AutoTrac and precision [...]
