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. 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 this link 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. 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 “more extreme” 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 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 [...]
