American AgCredit’s Post

Crop Insurance Provides Certainty Against Unpredictable Weather - We can’t control the weather (or the markets), but we can prepare. Enter crop insurance. This risk management tool acts as a financial safety net for farmers. Cuyler Reynolds, a crop insurance associate covering New York’s Hudson Valley, puts it succinctly: “Crop insurance ensures that a farmer will still be able to farm again next year in the event of a loss outside their control.” Read more about Crop Growers personalized risk management plans and the upcoming Spring Crop Deadline. https://ow.ly/shCX50QHhJ2

Our Team of Crop Insurance Specialists are on the frontline with our agency partners daily. From transferring coverage, to keying and underwriting functions, to mapping policies and generating reports - the relationships formed with this department are critical to our agency partners' success, and never taken lightly. #hudsoncrop #cropinsurance #underwriting #processing #customerservice

With the Sales Closing Deadline approaching, I have been asked several questions regarding the different crop insurance plans and how they work. More specifically, the Enhanced Coverage Option (ECO) and Supplemental Coverage Option (SCO) endorsement. Both endorsements provide coverage for a portion of the deductible of an insured underlying crop insurance policy. These endorsements must be with the same Approved Insurance Provider (AIP) and are continuous. If an insured wants to cancel, this must be done so by the applicable sales closing deadline. Read the full article by Crop Insurance Agent, Craig Nielsen: https://lnkd.in/gW8Cc_nb #peoplescompany #blog #blogpost #cropinsurance #farming #enhancedcoverageoption #supplementalcoverageoption

Are you interested in farm policy and its impacts on agriculture? I'm excited to announce our collaborative effort with Dylan Turner, Katherine Baldwin, Brian R. Williams, Erik Dohlman, Gregory Astill, Sharon Raszap Skorbiansky, Vidalina Battad Alpuerto-Abadam, D. Adeline Yeh and Russell Knight, resulting in a comprehensive USDA Economic Research Service report on US Federal risk management programs. This thorough analysis spotlights essential elements of the Farm Bill, with a particular emphasis on crop and livestock initiatives under Title I [USDA Farm Service Agency] and XI [Risk Management Agency - USDA - National Crop Insurance Services]. 🌾 Delving into the details, our report explores program eligibility, payment calculations, and the influence of market conditions on the effectiveness of these programs in mitigating risks. Utilizing extensive data from @usdafsa and @usdaRMA, we have compiled key statistics and insightful metrics to enhance understanding of latest program enrollment and outlay trends. 🔍 This publication is more than a report; it's an indispensable resource for anyone seeking to delve into the complexities of farm policy and the US farm safety net. It's an invaluable read for academics, researchers, and policymakers who are striving to create a more informed and sustainable agricultural future. 📚 Don't miss out on this wealth of knowledge. Explore the full report here: https://lnkd.in/g_9Tb2KD #cropinsurance #protectcropinsurance #safetynet #agriculture #farmers #farms #farming #crops #USDA #weather #Agriculture #RiskManagement #FarmBill2018 #FarmPolicy #USAgResearch

Talking to CFOs and Risk/Ops Managers at fruit & nut farms… When it comes to crop insurance, they care about two things: 1) accurate premiums 2) ensuring claims are paid out accurately. Being overinsured is like unused fertilizer; it doesn't yield more fruit, just more expense. And when disaster strikes, the last thing they need is a complicated claims process & and any risk to receiving that claim check. 🍎💸 That’s why we’ve built our insurance service (with aerial imagery and artificial intelligence) to ensure it’s data-backed- that promises accurate coverage—ensuring you only pay for what’s truly at risk—so claims are settled swiftly. It's not just about safeguarding the harvest, it's about transparency throughout the season, knowing which acres produce & not paying for those that don’t.  🌱

It's not too early to be planning your 2025 crop insurance. In fact, one of the options that might help cover your cost of production goes off the table on September 30th. So at least talk to someone before then. #CropInsurance #RiskManagement #BreakEvens #CornFutures #CostOfProduction https://lnkd.in/gr_FMmcS

One of the most underutilized tools in crop insurance is the use of Precision Data. 📊 It's three key benefits include accuracy, efficiency, and of course, precision. Read how our GreenStone crop insurance specialists can help you get started with Precision Data: https://lnkd.in/e2dReWhP

Crop Insurance Affordability at Heart of FARMER Act Proposal to make U.S. #CropInsurance at higher coverage levels more affordable. If approved, the proposal (by Senators’ Hoeven (R-N.D), Grassley (R-Iowa) & Ernst (R-Iowa)) would increase the premium support for revenue protection & yield protection policies. That would include:  - increasing premium support for certain revenue protection & yield protection policies at the 80% coverage level from 68% to 77% & at the 85% coverage level from 53% to 68%; - increasing premium support for the Supplemental Coverage Option (SCO), an area-based plan, from 65% to 80% & increase the SCO coverage level from 86% to 90%; & - directing the Risk Management Agency to conduct a study to improve the effectiveness of SCO in counties larger than 1,400 square miles. https://lnkd.in/ev48-y5Z

CROP INSURANCE LOSS PERFORMANCE IN ILLINOIS AND THE MIDWEST Join farmdoc daily's Gary Schnitkey in this 5-minute farmdoc video diving into the fascinating world of crop insurance loss performance in Illinois and the Midwest. Discover why Illinois farmers might be overpaying for crop insurance and how this affects the entire US agricultural landscape. Learn more about loss ratios, regional differences, and the potential impact on future farm bills. https://lnkd.in/e72DQK9G #illinois #midwest #crop #insurance #farmbill

There's no getting around it: documentation and reporting are critical parts of running a farm. From FSA to lender documentation with stakeholders to crop insurance, see how a #FarmManagementSystem can help: https://bit.ly/3ltzE8Y #Farming