Soaring Input Costs May Cause Margin Protection Loss Claims
Skyrocketing input costs have caused a lot of uncertainty they will cut into profits of operations. Margin Protection crop insurance plans were hot topics in September when the input prices were nowhere near where they stand in May. Today, if trends continue, these unprecedented increases in input costs may cause [...]
Is It Worth the Premium?: Another Year of High Base Prices
Growers are pleased to see commodity prices being at historic levels when they plan to sell their harvest. The higher prices can change the crop insurance strategy. It opens more options to create a risk management strategy to meet specific needs of an operation. It is important to create a [...]
Reduced Premiums for Cover Crops extended for 2022
Extended Cover Crop for 2022
Proud to Announce a New North Dakota Data Specialist 
Kyle Ostenson, North Dakota Data Specialist At Precision Risk Management we are continuing our dedication to North Dakota operators’ success. PRM is committed to investing more resources in North Dakota to provide unparalleled service to customers. Kyle Ostenson joined the team as the North Dakota Data Specialist focusing on precision [...]
THE WHOLE ECO PICTURE FOR 2022
Enhanced Coverage Option (ECO) is a unique crop insurance product to protect the top end of a grower’s yield or revenue. This coverage, up to 95%, comes with a real premium cost along with very defined circumstances to cause a loss payout. It will be a great option for some [...]
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 [...]
