Obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out how to climb it, go through it, or work around it.” Michael Jordan
Obstacles are simply what a person sees when they take their eyes off the goal. How do you avoid obstacles in farming each year? Do you stump them by setting goals and having a plan in place to meet them?
One of the best ways to set goals and to be prepared for those obstacles is to set up a Risk Management Plan that will keep the focus on maximizing your production and farm profitability.
Obstacles defined by others are not setbacks as you might expect. When you have a plan in place, situations like the horizon of black clouds that threaten our crop with hail or strong winds won’t keep you up at night. You will be able to sleep knowing the appropriate multi-peril protection is in place!
Common known obstacles for the farmer such as hail, drought, fungus, green snap and about 100 other possibilities won’t threaten your business with a Risk Management Plan in place. You have peace of mind knowing your goals will be met no matter what happens throughout the farming year.
Crop Hail Insurance offers several options:
- All or a portion of your crop acres can be insured. You decide how much risk that you want to handle and then we write the policy to manage that risk.
- Crops can be insured at any time up to a specific harvest date.
- Protection for loss due to fire or loss in transportation is available.
- Additional coverage is available to protect your revenue, profit, or to cover costs when you are faced with the need to replant, when these benefits are not protected by multi-peril crop insurance.
This fall’s revenue prices came in at $7.50/bu for corn and $15.39/bu for Soybeans. Even though we cannot plan the 2013 base price just yet, we can discuss how tools like multi-peril crop insurance, crop hail, wind, green snap and total weather insurance will help you plan for a successful year in 2013.
Corn Capital Innovations will help you
- Understand the role of crop insurance and how it should tie into your marketing strategy.
- Pick a policy based on what is best for your operation, not simply based on the cheapest cost.
- Understand that crop insurance can be used for much more than just catastrophic yield loss.
Remember not to focus on obstacles, but to focus on the possibilities!
Contact us to set up a Risk Management Audit with you to determine the appropriate plan for your 2013 season.