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.
Friday, September 21, 2007
Friday, September 14, 2007
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.
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.
Wednesday, September 12, 2007
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.
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.
Friday, August 31, 2007
Week # 17 Wheat Insurance
Hi! This is Tanya Stimpson with this week’s crop insurance update. This week’s topic is Wheat Insurance, Wheat Yields and brought to you by AgriServe Crop Hail Insurance and the Sewell Agency in Chillicothe.
Wheat yields are due to your agent now. Your agent wants to give you the most accurate quote on your wheat insurance cost for the 2008 year. But to do so they need your 2007 wheat yields turned in.
If you do not carry wheat insurance now but would like to, gather any past production history you have and bring it to us and we can give you some quotes to help you get the best insurance on your wheat. You have until September 30th to do this so don’t wait come in today to get signed up.
There are 2 types of insurance products, APH & Revenue. The APH product guarantees the yield of your crop. The Revenue product guarantees the yield plus the price. So with the price of wheat today I suggest you highly consider the Revenue products for your 2008 Wheat. If you would like to change your insurance product you need to do so by September 30th.
Just a reminder your soybeans could still receive some hail damage so call us to insure those beans for the remainder of the summer. View this update and others online at Blog4020.blogspot.com. Or phone the Sewell Agency at 660-646-4020 your connection to crop protection.
Wheat yields are due to your agent now. Your agent wants to give you the most accurate quote on your wheat insurance cost for the 2008 year. But to do so they need your 2007 wheat yields turned in.
If you do not carry wheat insurance now but would like to, gather any past production history you have and bring it to us and we can give you some quotes to help you get the best insurance on your wheat. You have until September 30th to do this so don’t wait come in today to get signed up.
There are 2 types of insurance products, APH & Revenue. The APH product guarantees the yield of your crop. The Revenue product guarantees the yield plus the price. So with the price of wheat today I suggest you highly consider the Revenue products for your 2008 Wheat. If you would like to change your insurance product you need to do so by September 30th.
Just a reminder your soybeans could still receive some hail damage so call us to insure those beans for the remainder of the summer. View this update and others online at Blog4020.blogspot.com. Or phone the Sewell Agency at 660-646-4020 your connection to crop protection.
Friday, August 17, 2007
Week #15 Wheat coverage, Yield Reporting and Corn Silage
Hi! This is Tanya Stimpson with this week’s crop insurance update. This week’s topic is Wheat Insurance Coverage, Wheat Yield reporting and corn silage and brought to you by AgriServe Crop Hail Insurance and the Sewell Agency in Chillicothe.
Now that you have your wheat out of the field it is time to get those yields reported to your agent and update your APH for next years wheat insurance. If you do not have wheat insurance coverage NOW is the time to come in and sign up for that. The deadline on applying for wheat coverage or changing your current wheat coverage is September 30th. With crop prices fluctuating daily you should consider having the Revenue products for your crop insurance. This allows a guarantee on the APH and the price of the crop.
If you have decided to chop some of your corn for silage it is important that you contact your agent prior to that so you can get credit for the production towards your APH units.
Don’t forget to cover your crops from hail for a few dollars per acre. Most of our crops have done well so don’t lose your profit per a hail storm.
Phone the Sewell Agency at 660-646-4020 your connection to crop protection.
Now that you have your wheat out of the field it is time to get those yields reported to your agent and update your APH for next years wheat insurance. If you do not have wheat insurance coverage NOW is the time to come in and sign up for that. The deadline on applying for wheat coverage or changing your current wheat coverage is September 30th. With crop prices fluctuating daily you should consider having the Revenue products for your crop insurance. This allows a guarantee on the APH and the price of the crop.
If you have decided to chop some of your corn for silage it is important that you contact your agent prior to that so you can get credit for the production towards your APH units.
Don’t forget to cover your crops from hail for a few dollars per acre. Most of our crops have done well so don’t lose your profit per a hail storm.
Phone the Sewell Agency at 660-646-4020 your connection to crop protection.
Tuesday, August 14, 2007
Week # 10 - Optional Units
This is Lonnie Sewell with this week’s crop insurance update, brought to you by the Sewell Agency and AgriServe crop Hail Insurance.
Spotty rain, some are getting it and some need it. This week’s topic is optional units.
Crop insurance allows for only a 10% rate increase you can divide basic units into optional units section by section which usually doubles your chance to qualify for a loss. If you aren’t using optional units, you are not maximizing your crop insurance. Start now to qualify for optional units, turn in your wheat yields section by section, then you won’t have to average a good field with a poor one in another section next year, and you will be better protected against spotty rain. Optional units are not available on a cat policy.
Don’t forget to protect your crops with economical crop hail insurance. ½ bushel to the acre will cover the whole crop. Stop by and visit with Tanya or I at our booth at the New Livingston County Fairgrounds. The Fair starts July 18th and is northwest of Chillicothe on Rt 190. View this update and others online at Blog4020.blogspot.com. Or call The Sewell Agency 1-800-281-4020 your connection to Crop Protection.
Spotty rain, some are getting it and some need it. This week’s topic is optional units.
Crop insurance allows for only a 10% rate increase you can divide basic units into optional units section by section which usually doubles your chance to qualify for a loss. If you aren’t using optional units, you are not maximizing your crop insurance. Start now to qualify for optional units, turn in your wheat yields section by section, then you won’t have to average a good field with a poor one in another section next year, and you will be better protected against spotty rain. Optional units are not available on a cat policy.
Don’t forget to protect your crops with economical crop hail insurance. ½ bushel to the acre will cover the whole crop. Stop by and visit with Tanya or I at our booth at the New Livingston County Fairgrounds. The Fair starts July 18th and is northwest of Chillicothe on Rt 190. View this update and others online at Blog4020.blogspot.com. Or call The Sewell Agency 1-800-281-4020 your connection to Crop Protection.
Week #14 Hot & Dry
This is Lonnie Sewell with this week’s crop insurance update brought to you by the Sewell Agency and ASI Crop Hail Insurance.
Hot and dry that’s the forecast. It is very difficult to watch a great crop turn into a fair crop and soon a poor crop. Looks like a lot of double crop soybeans won’t be harvested.
The revenue crop insurance policies like RA & CRC implemented a few years ago really shined this year, with the wheat harvest price coming in at over $6 per bushel. That added up to an additional $60 per acre on most wheat losses.
The spring price on corn is $4.06 and beans at $8.09. We have good protection against the declining prices we are getting now. If you have a loss this fall or had a loss because of the flood your loss will be paid based on the highest of the spring price or the harvest price.
Vie this information and others at Blog4020.blogspot.com.
Hot and dry that’s the forecast. It is very difficult to watch a great crop turn into a fair crop and soon a poor crop. Looks like a lot of double crop soybeans won’t be harvested.
The revenue crop insurance policies like RA & CRC implemented a few years ago really shined this year, with the wheat harvest price coming in at over $6 per bushel. That added up to an additional $60 per acre on most wheat losses.
The spring price on corn is $4.06 and beans at $8.09. We have good protection against the declining prices we are getting now. If you have a loss this fall or had a loss because of the flood your loss will be paid based on the highest of the spring price or the harvest price.
Vie this information and others at Blog4020.blogspot.com.
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