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Exciting News for Farmers! 🌱 Whether you're just starting out or a seasoned veteran in the field, navigating crop insurance is crucial. Check out our comprehensive guide on Crop Insurance 101 tailored for Beginning Farmers (BFR) and Veteran Farmers (VFR). From understanding policy basics to optimizing coverage, this resource has got you covered! Explore now: https://bit.ly/3PIMbWu #Farmers #CropInsurance #KingsgateInsurance #Farming101 🚜🌾

Florida farmers, are you prepared for the unexpected? Weather disasters can strike anytime, but crop insurance is your safety net. Our latest blog breaks down everything you need to know to protect your livelihood and navigate claims👇 https://bit.ly/44V0LQY #lawyers #agriculture #farmers #law #business

Attention, farmers! Did you know that your commercial or farm insurance policy doesn't cover your crops? That's why it's important to invest in crop insurance to protect your livelihood 🚜 Here's a quick primer on crop insurance: Multiple Peril Crop Insurance 🌾Administered through a federal government program 🌽 Covers only certain crops, such as corn, cotton, soybeans, and wheat 🍅 Covers loss due to drought, freeze, disease, and other natural causes 🥜 Based on yield or revenue 🥔Must be purchased before planting Crop-Hail Insurance 🍓Available from private insurers 🥬 Can be purchased any time during the growing season 🌻 Covers risks other than hail, including fire, lightning, wind, vandalism, and malicious damage According to the USDA, 83% of U.S. acreage devoted to crops is insured. Don't get left behind without adequate protection—invest in strong crop insurance today! If you have any questions or would like to get a quote, give us a call. Think PMA for all your #Insurance needs!!! Give us a call (901-345-6176) to discuss your options or click on the link below to get started on a quote: https://lnkd.in/eMptsEQ #PeteMitchellandAssociatesInsurance #SmallBusiness #LifeInsurance #memphis #insurance #commercialinsurance #businessinsurance #community #family #BlackHaven #blackownedbusiness

Attention, farmers! Did you know that your commercial or farm insurance policy doesn't cover your crops? That's why it's important to invest in crop insurance to protect your livelihood 🚜 Here's a quick primer on crop insurance: Multiple Peril Crop Insurance 🌾Administered through a federal government program 🌽 Covers only certain crops, such as corn, cotton, soybeans, and wheat 🍅 Covers loss due to drought, freeze, disease, and other natural causes 🥜 Based on yield or revenue 🥔Must be purchased before planting Crop-Hail Insurance 🍓Available from private insurers 🥬 Can be purchased any time during the growing season 🌻 Covers risks other than hail, including fire, lightning, wind, vandalism, and malicious damage According to the USDA, 83% of U.S. acreage devoted to crops is insured. Don't get left behind without adequate protection—invest in strong crop insurance today! If you have any questions or would like to get a quote, give us a call.

Private Crop Insurance Coverage: What is it? Typically, most crop insurance agents advise their clients that Multi-Peril policies don't cover everything that could happen to your crops. To fill the gaps, many companies offer "private products" or "named peril insurance" plans. These plans cover a variation of specific crops against specific damage. In turn, insurance companies are more likely to deny coverage because they are not federally reinsured.

COTTON STAX AND MODIFIED SUPPLEMENTAL COVERAGE OPTION: CONCERNS WITH MOVING CROP INSURANCE FROM RISK MANAGEMENT TO INCOME SUPPORT — by Gary Schnitkey, Jonathan Coppess, Nick Paulson, Bruce Sherrick and Carl Zulauf The Farm Bill version reported by the House Agricultural Committee would modify Supplemental Coverage Option (SCO), a crop insurance policy that provides county-level coverage. Because the modifications proposed for SCO would make it very similar to the STAX insurance program for cotton, we evaluate the historical performance of STAX to provide indications of how modified SCO could operate. Since it was first available in 2015, STAX has paid over 50% of the time and has averaged $37 per insured acre more in insurance payments than farmer-paid premiums, making STAX more like an income support program rather than a crop insurance program. Income supports often increase cash rents and land values, thereby negating a portion of the risk protection offered by crop insurance. Moreover, STAX and the modified SCO could influence planting decisions, adding distortions to the market that decrease prices and lower farm income. Read more: https://lnkd.in/ekvud_uM #crop #insurance #cotton #supplemental #acre #income #planting

Thinking about adding coverage to your underlying crop insurance policy for the 2024 crop year? Learn more in the final video of a 3-part series on supplemental and enhanced coverage options (SCO and ECO). Reach out to your local FCI crop insurance agent for more details or information. #cropinsurance #IllinoisAgriculture #IllinoisAg #plant2024

Debunking the Top 5 Myths About Crop Insurance 🚜🌾 As a dedicated part of the agricultural community, we at Ventus Agriculture Recruiter often encounter misconceptions about crop insurance. Let's set the record straight on five common myths: 1. Crop Insurance Is Too Expensive - Crop insurance is an investment in your farm's future. Premiums are often subsidized by the government, making it an affordable way to protect your livelihood against unforeseen losses. 2. Only Large Farms Need Crop Insurance - Farms of all sizes benefit from crop insurance. Small and medium-sized farms can face devastating financial impacts from natural disasters or crop failures. Insurance provides a safety net for all. 3. Crop Insurance Covers All Losses - Crop insurance policies vary and typically cover specific types of losses such as weather-related damage or yield reduction. It’s important to understand the coverage details and exclusions. 4. You Only Need Crop Insurance During Bad Weather Seasons - Weather unpredictability means risks exist year-round. Crop insurance protects your farm from unexpected events regardless of the season, ensuring continuous coverage. 5. Filing a Claim Is Too Complicated - The process has become more streamlined and accessible. Many insurers offer assistance throughout the claims process, ensuring you get the support needed when it matters most. Understanding crop insurance and debunking these myths is crucial for securing your farm’s future. Protect your hard work and investment by getting informed and considering crop insurance as a vital part of your risk management strategy. #Agriculture #CropInsurance #Farmers #Agribusiness #MythBusting #VentusAgricultureRecruiter #FarmSafety #InsuranceTips

Estimating insured yield: It’s that time of year again when growers are asked to nominate a yield estimate for their crop insurance. These estimates only ever need to reflect a reasonable expectation of this seasons yields. Before the revision date, CRU’s policies allow for the insured yield to match the crop’s potential yield up to double the level of the yield estimated by the grower. Ask your insurance broker for a copy of CRU’s Broadacre Claim Calculator to explore how the policy works before and after the revision date. #cropinsurance

What the Futures is crop insurance? 🤔 Crop insurance provides insurance for crops experiencing a loss in yield, whether it is due to an insurable cause of loss in the quality or quantity of the insured crop. Essentially, crop insurance covers things such as: 🌾 Damage due to local calamities like severe hail, landslides, etc. 🌾 Risks related to sowing, planting and germination. 🌾 Loss to the standing crop. 🌾 Damages to the post-harvest crop. As a farmer in Alberta, we know how unpredictable our weather can be. Crop insurance just makes sense! That’s why our great friends at Agi 3 are our go-to suppliers for crop insurance! 🌟 Learn more about Agi 3 right here 👉 www.agi3.ai Got questions about crop insurance that you’d like us to answer on the show? Connect with What the Futures Podcast today! 💻 https://lnkd.in/gFTJNU5q . #WhattheFuturesPodcast #AGI3 #CropInsurance #AlbertaAgriculture