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Trending Now: 09.28.11

9/28/2011

Time is drawing near to contact us with your final coverage decisions on your 2012 Wheat insurance. The last date you can make any changes to your policy is September 30th!! If you need help with your quotes, please call or come by the office before Friday!
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Reminder: Assignments of Indemnity need to be refiled for the 2012 Crop Year by your lendors, they can contact our office for the necessary forms for processing!!!
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Pasture, Rangeland & Forage!! If you are interested in this product, please call or come by the office!! This year you must request a policy by September 30th, so this is a change from 2011 PRF!!

2011-09-28T12:19:06-04:00September 28th, 2011|Trending Now|

Trending Now: 09.14.11

9/14/2011

We are mailing out 2012 wheat quotes. You need to review your quotes and call or come by the office no later than September 30th if you want to make any changes in your levels of coverage!!

If you do not reply by Sales Closing Date of 9/30/11 your coverage will remain the same as last year’s!!!

The estimated base price for Wheat looks to be around $8.62bu and the approved price will be announced by Friday, September 16th.

Some of you are receiving only postcard reminders due to that you were either on CAT last year and may wish to consider a buy up plan of insurance or we need you to come to the office to review your coverages due to either pending loss data or lack of production to quote your policy.

Terms you will see on the quotes:

YP=Yield Protection Plan (production based coverage only at Base Price guarantee)

RP=Revenue Protection Plan (production and revenue based coverage at Base price guarantee + any potential price change at harvest price determination)

EU=Enterprise Units (your farms are all in one unit and it works much like a CAT policy in that you do not have individual field protection)

OU=Optional Units (each of your farms have individual protection by section/shareholder/practice etc)

BU=Basic Unit (Acreage in this unit structure are stand alone units due to either EU ineligibility, single unit farms or 100 percent share units)

**HPE=Harvest Price Exclusion (This endorsement election removes the upward Harvest Price payment option when the harvest price is set. If you are interested in this endorsement, you really need to contact our office and we will review with you how this works)

Reminder: Assignments of Indemnity need to be refiled for the 2012 Crop Year by your lendors, they can contact our office for the necessary forms for processing!!!

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Pasture, Rangeland & Forage!! If you are interested in this product, please call or come by the office!! This year you must request a policy by September 30th, so this is a change from 2011 PRF!!

2011-09-14T21:51:17-04:00September 14th, 2011|Trending Now|

Trending Now & Ag News: 08.25.11

Trending Now

For 2012 Crop Year:

1) Assignments of Indemnity (AOI) from your lendors must be re-filed each crop year.  If your banker requires to be a loss payee on your crop insurance loss checks, they need to be contacting our office to get the form for processing these timely for 2012 Wheat policies, or you may request a form from our office to provide to your lender.  It is the responsibility of the farmer and lender to complete this form and return it to our office for processing for each new crop year. 
 
2) Changes in 2012 policy: CRP land broken out NEW in 2012 must be reported to our office by SALES CLOSING DATE this year, which is September 30th for Fall policies.  This is a change from last year when you had until Acreage Reporting Date to notify us.  If you are considering breaking out new land, please contact our office for the requirements to process this change in your operation, as it will require a Written Agreement on the acreage and supporting documentation submitted to RMA for approval.

3) Changes in Entity status: If you have had a change in your operation name, formed a new entity, have assets in an estate or trust holding, newly married, divorced or widowed please contact our office as soon as possible and verify that we have you correctly insured by your entity type/change. If you are in the process of forming a new entity, etc. as indicated above that will NOT be finalized BEFORE September 30, please also contact us so we can navigate you through the paper process that will follow for making policy changes AFTER sales closing date.

4) Added Land: If you are picking up a new farm either buying, renting, partnering, etc. Please let us know so that we can verify the acreage will not exceed the limits allowed within the policy without a written agreement.

5) With the Wheat price and volatilty factor changing daily on the daily tracking, we have decided that we will not send out Wheat quotes until closer to the end of the trading which is September 14th, so that the price estimate is closer to the actual price that will be set for your coverage planning. 

We continue to track loss checks and we assure you that we are doing all that we can to expedite these claims and get you paid as quickly as  possible.  We appreciate your business and your patience as we move forward in this difficult crop year.

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Ag News: 08.25.11

2011-08-25T11:11:12-04:00August 25th, 2011|Ag News, Trending Now|

Trending Now: August 2011 Archives

August 16, 2011: Daily Base Price Tracking for 2012 Winter Wheat Now Available. If you would like to receive these prices daily via email, please sign up for our Newsletter.

July 29, 2011: We have turned in ALL Grain Sorghum/Milo losses for every policy that had planted acres. These losses will not be looked at until after 8/5/11. The reason for this delay is that the LATE plant date was 7/25 and companies cannot release any acres unless it is blowing until 10 days after that date. In addition, the companies have told us that they will not be looking at Grain Sorghum/Milo until they feel confident that the wheat, cotton and corn losses previously opened, are in good order before moving to a new loss campaign.

Please feel free to contact us with any questions or concerns you may have about your losses!! We assure you we are doing all that we an to expedite your loss checks and get you the paperwork you are requesting for tech fees, SURE programs, etc. and we appreciate your patience during this difficult crop year!!

July 21, 2011: Frequently Asked Questions – Crop Insurance & Drought-Damaged Crops
July 14, 2011:
Loss Checks: We are receiving loss checks in daily now on initial Wheat losses and the additional Revenue Plan checks. We ask your patience as we process and check these for accuracy and get them out to you. We mailed out over 100 loss checks yesterday and will be mailing additional checks received today! We are mailing the checks on the date we receive them but we will NOT be able to call each of you and let you know that your checks are here!! Thank you for your patience and understanding…..we know this is as frustrating for each of you as it is us to get you your loss payments but the checks are coming. Cotton loss checks should be coming soon and we will continue to mail these as soon as they are received. So again, thank you for your patience and your business!!

2019-02-25T19:27:15-05:00August 23rd, 2011|Trending Now|

Grain Sorghum/Milo Claims Will Not Be Reviewed Until After 8/5/11

We have turned in ALL Grain Sorghum/Milo losses for every policy that had planted acres. These losses will not be looked at until after 8/5/11. The reason for this delay is that the LATE plant date was 7/25 and companies cannot release any acres unless it is blowing until 10 days after that date. In addition, the companies have told us that they will not be looking at Grain Sorghum/Milo until they feel confident that the wheat, cotton and corn losses previously opened, are in good order before moving to a new loss campaign.

Please feel free to contact us with any questions or concerns you may have about your losses!! We assure you we are doing all that we an to expedite your loss checks and get you the paperwork you are requesting for tech fees, SURE programs, etc. and we appreciate your patience during this difficult crop year!!

2011-07-29T15:08:46-04:00July 29th, 2011|Trending Now|

Trending Now & Ag News: 07.21.11

2011-07-21T10:55:52-04:00July 21st, 2011|Ag News, Trending Now|

Trending Now & Ag News: 07.15.11

Loss Checks: We are receiving loss checks in daily now on initial Wheat losses and the additional Revenue Plan checks. Read “Trending Now” on our home page.
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