What 2023 Fall Prices Mean For You
Harvest Prices Are Down The Harvest Prices for Corn and Soybeansย These Fall Harvest Prices will determine if many farmers have a loss and are due a claims payment. Any producers with a Revenue Protection (RP) crop insurance plan should pay close attention to these main points: A farmer may [...]
Employee Spotlight: Dena Mozie, Compliance Advisor
Dena Mozie's journey in the insurance industry began in 2007 when she took a leap into the unknown, starting as an independent agent. Little did she know then, that this one step would lead her to a fulfilling career as a Compliance Advisor today. During her early years, Dena handled [...]
Harvest Happily, Insure Wisely: Top Crop Insurance Harvest Reminders
Taking a little time for preparation and keeping key reminders about your crop insurance top of mind can be a game-changer, potentially sparing you from significant headaches. Harvest brings government-imposed rules and regulations governing the 'how' and 'what' of your actions. Fortunately, Precision Risk Management is here to provide you [...]
How to Take Advantage of New Crop Insurance Production Reporting Changes
In the ever-evolving world of crop insurance, Precision Risk Management (PRM) is committed to staying ahead of the curve for our customers. We're excited to announce policy changes made by the Risk Management Agency (RMA) that can greatly improve your crop insurance reporting.ย The Backbone of Change: Same-Year Production Reporting [...]
Wheat, Oat, Barley Harvest Prices Set
The Risk Management Agency (RMA) has set the Harvest Prices for Oat, Barley, and Wheat. The Harvest Prices are different for each state. The most common prices and states are shown in this chart. You can find any price at thisย linkย or contact your Risk Management Advisor. Oat, barley, and wheat [...]
The Most Important Things You Need to Know
Welcome to the 2023 multi-peril crop insurance year with Precision Risk Management. We are extremely honored you have chosen PRM to provide your crop insurance and allow us to assist you all year. Every team member promises to support you and your operation in any way we can. Crop insurance [...]
2023 Projected Prices and Volatility
The Price Discovery Period is over and the 2023 commodity prices for crop insurance are set.ย These set the initial price of a bushel for crop insurance policies. Key Take Aways Final crop insurance numbers can be finalized Prices still are higher than recent history Premiums on average are slightly [...]
Hail Severity and Frequency
Trends to Track Weather can have a significant impact on the success of crops, and every farmer knows the devastating effects of a hailstorm over an operation. Hailstones can range in size from small pellets to grapefruits, and they can fall at high speeds from the sky, pummeling fields and [...]
Extreme Weather: Trends to Track
Have you felt that the last few years have been โmore extremeโ with the type of weather that we have and the damage you have seen as a result? Is that truly the case across the High Plains and Midwest? The more frequent extreme weather brings more risk to an [...]
Are You Losing Profit to Insure Unplanted Acres?
Top producers canโt 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 [...]
