Hail Insurance

Are You Prepared? Crop Insurance Deadline is March 15, 2014

Are You Prepared? Crop Insurance Deadline is March 15, 2014 Have you ever had your crop completely destroyed by hail, drowned out by rain, wilted by drought, or flattened by high winds? Weather is completely unpredictable and can be very stressful for farmers who plant their crop out in a field at Mother Nature’s mercy. That is why crop insurance is so important; it protects your bottom line and puts your mind at ease.

It is that time of year again; time to determine your crop insurance needs before the March 15th deadline.  It’s important to know and understand how history, trends and other factors can influence the planning process.

Crop Insurance – Crop Protection Options:

  • Revenue Protection
  • Production Protection
  • Named Peril Insurance, more than just hail coverage it can include fire, lightning, vandalism etc.
  • Add endorsements to cover additional perils.

We would welcome the opportunity to meet with you to discuss how many bushels you are willing to invest, to insure your entire crop.  We review every policy and base the coverage on your farm operation and specific needs.

Don’t forget the deadline is March 15th, so give us a call today at (320) 523-2252. We can get you the protection needed and give you peace of mind in 2014.

How do you determine your crop insurance needs? Are you prepared for what Mother Nature has in store for 2014?

Crop Insurance for the Perils that Affect Top Yield

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!