Week 20 - Wheat Insurance Sign UP

Hi! This is Tanya Stimpson with this week’s crop insurance update. This week’s topic is Wheat Insurance Signup brought to you by AgriServe Crop Hail Insurance and the Sewell Agency in Chillicothe.
This is the last week to sign up for Wheat Insurance or change your current policy.
Wheat carries a revenue product that was set at $5.88 per bushel. If you sign up for revenue product you get to take advantage of at claim time receiving the higher price of the set base price and the harvest price. For example base price is set at $5.88 but come harvest time, harvest price reaches $7.00 then on loss purposes you receive the $7.00 price. On the flip side if harvest price is $3.00 then because you carry the revenue insurance product you will receive the $5.88 base price at loss time.
If you already have Wheat Insurance and would like to change to a revenue product you have until Sept 30th also. Come by and I can give you a quote comparison between the product you have now and a revenue product, so you can see the guarantee and price difference. With crop prices moving regularly it is a good idea to switch or add a revenue insurance product to your wheat.
Again, Sept 30th is the final day to sign up for wheat insurance. View this update and others online at blog4020.blogspot.com. If you would like a quote, to make a change or add wheat insurance come by and see me or call 800-281-4020 your connection to crop protection.

Week#19 Wheat Insurance and Corn Claims

Hi! This is Tanya Stimpson with this week’s crop insurance update. This week’s topic is Wheat Insurance and Corn Claims and brought to you by AgriServe Crop Hail Insurance and the Sewell Agency in Chillicothe.
The Deadline is September 30th for signing up for Wheat Insurance. Wheat prices are good and we have the insurance to help you protect your investment. The wheat insurance carries a revenue product that on claim situations you get paid the better of the 2 prices. The 2 prices I am talking about are the base price the insurance locks in and the harvest price. Today the base price is running 5.88 so at harvest, if price is higher you will receive the higher price, if price is lower, you will receive the base price.
If you think there is a chance you are going to plant wheat you can sign up for a wheat policy and be covered for your winter wheat, and if you do not plant wheat it does not cost you anything for the open policy.
You are harvesting corn now and if you think you are going to have a claim give your agent a call and turn it in now so the adjusters can go ahead and work that claim. Just a reminder Wheat Insurance Deadline is September 30th so please give myself or Lonnie a call at 800-281-4020 or stop by the office.

Week #18 Deadlines for claims and wheat policies

This is Lonnie Sewell with this week’s crop insurance update and brought to you by the Sewell Agency and ASI Crop Hail Insurance.
Harvest has started on corn in many areas several reports of 75-150 bushel. If you have a yield close to your guarantee, call in a claim now. (RMA) Risk Management Agency is getting very tough on the Loss notices. You only have 15 days after harvest or the discovery of the loss which ever comes first to turn the loss in. This early corn could slip past the deadline if you wait until after bean harvest to report your losses. Don’t risk having a claim put in review status. Just call your agent. Harvest Price may come in lower than the spring price this would give you a slightly higher bushel guarantee.
Wheat projected price is set from the average of Aug 15 to Sept 14. It is running at $5.86 so far.
September 30th is the deadline to make changes on your wheat policy. The revenue products look very good this year. CRC uses the CBT and RA uses the KCBT, this can make a lot of difference in some years. We would like to help you with your crop insurance questions. Call Tanya or myself at the Sewell Agency in Chillicothe, Phone 800-281-4020 your connection to crop protection.