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Crop Insurance

My Crop is Lost, What Do I Do?

August 24, 2012 by Summer

If this is your field, what are the emotions going through your mind right now?

Storm Damage is both financially and emotionally stressful and we understand that; it is our job to help farmers like you plan for the best and worst scenarios.  We encourage every farmer to protect yields at all costs.

We can’t undo what Mother Nature has already done.  You have to do everything you can to get this crop processed, harvested and not to let this year’s crop influence next year’s crop.  You have to do everything in your capabilities by the end of this year to be set up for the coming year.

“Never give up on a crop unless it is damaged below the thresholds where putting additional dollars into the crop will not surpass expected crop revenues.”  says Steve O’Neill, Chief Executive Officer and Owner at Corn Capital Innovations

Is this a disaster? Yes, it’s terrible but we can plan for these types of events!  If you are asking yourself, “why me”?  You have to realize that it happens to someone every year, everywhere, in different places.   If not you this year or last year, maybe it will happen next year.  Or maybe you have already been through it?

The time to review your risk management plan is not after the damage is done!  You can’t predict the future, so be prepared!  We would like to work with you now to set up your plan for the future.

There is a popular adage often attributed to Benjamin Franklin, the father of time management, “Failing to plan is planning to fail,”

Being prepared is to make ready (Mind Set)

To put together various elements (Crop Insurance)

The condition of being prepared (Risk Management)

Not only is there volatility in weather but there is also volatility in the markets.   Corn Capital Innovations can help you with both.  Do you have a question about the risk management options available and how they can benefit you?  Leave a comment below, or contact us today.

Categories: Crop Insurance, Farm Profitability, General, Mindset | Tags: , , , , , , , ,

How to Stop Worrying about Hitting the Highs and Lows of Farming

August 17, 2012 by Summer

We wanted to share this great story from Colleen, a farming friend originally from near Clarkfield, MN who now lives in the Redwood Falls, MN area.

Growing up on a family farm was a wonderful experience and my Dad made an excellent investment by buying land, and as he would say, “making a living off the land”.  Farming was in his blood as he came from a long line of farmers.

We had a quarter section and it was enough with the size of equipment that he had.  There was no GPS or automation at that time.  Some say the good old days and I have to agree!   However, he was always with the times and understood the changes that made sound sense.  He would store grain and wait for the market to go up.  Us kids were not really informed of the “financials or the marketing” that the old man did.  That was kept for Mom and him to worry about.  When the 80’s hit I don’t think that I realized just what a bad situation we were in; farming at that time.  But, the evolution of time changes it all.  The land that he bought for just over $200 an acre (a lot of money in the 60’s) is now selling for around $6,500 an acre.  Depending on your location, land could be selling for a whole lot more!

Dad would listen to the radio and get the news on corn and soybean prices; that was the old style of grain marketing. Don’t get me wrong, we still listen to the radio, but now we have an organization like Corn Capital Innovation that is the pioneers in the field of providing a total farm business solution.

They boast the phrase “we change farmer’s lives forever” and it is true!  I wonder how things would have been different ‘back in the day’ if we had this resource to turn too?!

So take advantage what we have now and contact Corn Capital Innovation for assistance with Production, Crop Insurance, Marketing and Financial Management.

Grain Marketing is the most difficult job every grower will face.

Working with Corn Capital Innovation’s assistance you will:

  • Achieve goals faster
  • Adjust to market changes
  • Gain a competitive advantage
  • Rest easier

The most successful farmers utilize grain marketing specialist to help them make decisions.

Check what you already have in place:

__I know how to tie grain marketing with crop insurance

__I know how to use storage in my profitability strategies

__I know what financial changes I need to make in my operation each year

__ I know my break-evens

__ I know my working capital percentage and how to increase it

__ I understand market carry and how to apply it

__ I understand and know how to manage profitability and basis

Stop worrying about hitting the highs and lows… Increase profitability more than you ever thought possible!  Do this with the assistance of Corn Capital Innovation.

Contact Us today and we’ll help you put the four components of farm profitability to work!

Categories: Crop Insurance, Farm Profitability, General, Production | Tags: , , , , , ,

Crop Insurance for the Perils that Affect Top Yield

June 22, 2012 by Summer

Corn Capital Innovations offers a full service of Crop Insurance products that cover many of the perils that affect top yield potential while providing you and your family peace-of-mind.

The weather is any one’s guess and having the correct insurance will certainly help to manage the risk that farmers take each and every 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.

Actual Production History (APH) coverage is available based on your yield history.  We will work with you to set a comfortable level that best fits your family’s goal.

With Yield Protection (YP) we can insure that you receive replacement income when your crop yield does not achieve a previously specific level, due to many different perils.  These policies are available on varying levels.

Both APH and YP plans are yield-based policies.  These policies are offered to protect you due to natural causes such as wind, hail, frost, drought and flooding.  These policies can be written to include the damage from infestation from either disease or insect.

Each policy listed above must be scripted to list each specific crop.  Coverage’s are paid only when or if production falls below the prearranged production that we will establish in the Spring.

Revenue Protection (RP) and Revenue Protection with Harvest Price Exclusion (RP/HPE) policies offer revenue protection based on both your actual yield and grain market price potential.  Either plan will combine your production history with current grain market price to establish the revenue protection.  RP plan does allow for fluctuation in market prices and will be based on the actual price in effect in the Fall.  The RP/HPE excludes the Fall market price aspect and limits the revenue guarantee to what was established in the Spring.  Both plans protect against lost revenue affected by low market prices, low yields, or a combination of both.

Corn Capital Innovations is here to help you make the best choices possible.  We understand what you are going through, because we have been there too.

Let us help you determine the next steps in protecting your crop.  Contact us today!

Categories: General | Tags: , , , , , , , , , , , ,

Putting the Four Components of Profitability Together

April 13, 2012 by Summer

Corn Capital Innovations

Are you a baseball fan?  Maybe you’ve even played in a game or two?  You know that the only way to win a game of baseball is by rounding the bases and touching home to score.  You need to work as a team, rely on the coaches, and find a way to make it to home. The steps to reaching farm profitability can easily be compared to running the bases and rounding to home in a baseball game.

A baseball player can prepare for different situations when it comes to running bases in a game countless times.   But, how you handle each situation, when it comes to actually running the bases, can make all the difference.

There are many factors that can affect how a player successfully gets to home base; you can easily be distracted by lack of focus or controlling emotions.   A good base runner won’t let a large crowd, the score of a game, what inning you are in, or the competition affect your ability to make a good decision.  Every base runner wants to make it home, and with the help of your team and coaches, good decisions are easily made.

Just like running the bases takes smart and educated decisions, maximizing your farming profitability takes patience, good decision making, and putting trust in the coaches you rely on.

Let’s say you are up to bat; home base is what we will consider “Production”.  This is not only where it all starts, but it is where you have the most control.  Home lets you focus on preparing the field, planting the right seed at the correct depth, nurturing it along the growing season and it is where you take ownership for your business!

Now let’s compare first base to “Crop Insurance”.  This is how you can protect your investment, secure revenue and provide peace-of-mind.  You need to make sure you are covered for the unexpected; the thing you can’t control; Mother Nature!

Next you are rounding to second which we call ”Grain Marketing”.  This is the most difficult job every grower will face.  Utilize Corn Capital Innovation’s experts to help you gain the knowledge that gets the best competitive advantage when it comes to the ever changing market.

Third base is “Financial Management and Analysis”.  You may question whether or not this is the appropriate time to buy a newer combine; is it time to invest and expand your acreage?  Again, Corn Capital Innovations can help you figure out your profit margins, manage labor resources and set you up with a secure business plan.

Rounding third and off to home is actually putting all 4 components of farm profitability together. 

Each farmer and farm operation has unique needs and Corn Capital Innovations is the only company providing a total farm business solution.

So remember:  Making your own decisions, while trusting the guidance of the coaches, leads to a score!  Consider Corn Capital Innovations as your coaches; CCI is truly an educational hub of information.

Corn Capital InnovationsIf you want to make smart, educated decisions and round the bases to home, contact us today and we will discuss how the four components of farm profitability can positively impact your farm business.

 

Image by Wednesday Elf

Categories: Farm Profitability | Tags: , , , ,

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