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 [...]
SIGNIFICANT 2021 PREMIUM INCREASE IF NO CHANGES ARE MADE: PRM TAKE
Corn and Soybean crop insurance cost projections are between 30-45% higher in 2021 compared to last year’s premium. Base prices for corn and soybeans are trending to be around $1 higher for 2021. Precision Risk Management found in a crop insurance projection analysis the increased base price and increased volatility [...]
Precision Technology is Better for Growers’ Bottom Line and the Environment: New Study
The use of precision technology has tremendous benefits to improving crop insurance reporting and lowering premium, but a new study shows it also can have other positive outcomes including better economic returns for growers and reduced impact on the growers’ land, according to the Association of Equipment Manufactures. Precision Risk [...]
Time is Running Out to Protect Your Farm
To get the best crop insurance coverage for their operation, farmers need to start the process today. The completed application deadline for the federal crop insurance program for most grain crops in the Midwest is March 15th. “To properly analyze the policy for each crop year, and in turn only [...]
PRM Take: Government Programs Boosted Farmers’ Income for 2020
Net incomes for farmers should end 2020 at the highest levels in 7 years, according to the Department of Agriculture. Precision Risk Management says the government crop insurance programs are important to these gains. The latest farm income forecast says net farm incomes will increase by 43.1% from 2019. [...]
Church Mutual and Precision Risk Management approved for Federal Crop Insurance Program
Contact: Tommy Jones Title: Sales & Marketing – Precision Risk Management Phone: (901) 208-3311 Email: [email protected] For immediate release SIOUX FALLS, S.D. - The Risk Management Agency, an agency within USDA, has approved Church Mutual Insurance Company as a standard reinsurance agreement holder with Precision Risk Management, LLC (PRM) as [...]
