Are You Losing Profit to Insure Unplanted Acres?
Top producers can’t afford inaccurate crop insurance. Utilizing the traditional ways of reporting crop insurance may be causing growers to be overpaying on premiums and reduce overall profitability. Precision Risk Management does crop insurance differently than any other provider. Traditional FSA/CLU maps can overestimate your premium and provide coverage to [...]
State of Soil Moisture & Snowpack
Trends to Track Some parts of the country are turning to mud pits while others are completely frozen. Spring is not yet here but the conditions of today will affect the soil temperature and moisture conditions for planting. At planting, these factors directly affect seed germination and the growth of [...]
2023 ARC vs PLC
The not so tough choice Farmers have a choice to make for their FSA election: Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC). Growers can only choose one and must select by March 15th. While either program is going to provide some protection, the overwhelming consensus is to select [...]
State of the Drought & Indications for the Future
Trends to Track Crop insurance helps protect your operation from perils caused by mother nature. While there is nothing we can do to prevent damaging weather or weather trends, all growers need to be aware of how they can affect their operation. Meteorologist Lucy Bergemann partners with PRM to break [...]
Projected Price Discovery Period and What it Means for Your Operation
Key Takeaways - The Discovery Period will set the initial crop price for crop insurance policies - This price is determined by averaging future contracts in Feb - Base price will determine many parts of crop insurance policies such as guarantees per acre - A second discovery period will happen [...]
Top Producer Key Takeaways: Day 2
The Top Producer Summit brings together some of the largest and most efficient producers in North America. The Top Producer Summit Banquet honors the producers pushing the boundaries of agriculture. Winners of the Top Producer award are not about having the largest operations. It is about bringing innovation, community and [...]
Top Producer Key Takeaways: Day 1
The Top Producer Summit brings together some of the largest and most efficient producers in North America. These producers connect to learn how to turn their great operations into even better ones. It is a place of workshops, industry leader presenters, and top-performing peer speakers. Ideas and advice flowed on [...]
ESSENTIAL INTERVAL CHOICES
A study on optimizing PRF Insurance Optimized PRF Insurance increased returns by 99% What’s an Interval? Intervals are two-month periods a producer will have coverage for precipitation shortfalls. Producers select a minimum of two to a maximum of six intervals. The allocation of coverage percent per interval is also selected [...]
Production Loss Process
During a claim, you deserve to know what to expect. While every claim is different, a general process is always followed. These steps are what a grower should expect during a production loss from our claims team. A Risk Management Advisor and the adjuster will keep the grower informed at [...]
Growers Have New Option for Crop Insurance Production Reporting
Growers Have New Option for Crop Insurance Production Reporting New RMA rules now accept grain cart scales as proof of production for 2022 June 24th, 2022 Sioux Falls – The Risk Management Agency (RMA) for 2022 will accept grain cart scales as proof of production for crop insurance reporting, no [...]
