Estate Planning Tools and 2020 Crop Outlook

Thursday, Feb. 20th, 2020 at Abernathy Auction Barn, Liberty, Ind. 
Registration 9:45 a.m. Seminar 10 a.m. - 1 p.m., includes lunch

For details or RSVP, please contact Maria at 765-732-3022, ext. 2257
Sponsored by Bath Insurance Group and Bath State Bank


Precision Ag

We now have the capability to use precision farming data for your crop insurance records. Please contact our office if you are interested in this ability.

Smart Phone Apps

We live in a world where you want information at the tip of your fingers immediately.  We now have smart phone applications for many of our insurers that provide you with the most current information regarding your crop insurance policy. Contact our office for more information.

Please don’t hesitate to contact our office at 800-209-7238 with any questions about your policy.



Crop Dates - If we have an early Spring, please pay attention to crop dates.  Your insurance including replant coverage, attaches as soon as the crop is planted in the ground provided it is planted within the approved planting dates.  

    Earliest Planting Date        Final Planting Date     
  Corn   4/5   6/5
  Soybeans            4/20   6/20

Crop guarantee prices for corn and soybeans will be announced on March 1st.

The sales closing deadline for changes to your corn and soybean coverage is March 15th!!   If no changes are made, your policy will remain the same as last year.

You can now have enterprise units across county lines…….  If you farm in more than one county and do not qualify for enterprise units in one county (County A) but utilize enterprise units in another county (County B), you can qualify County B using the enterprise unit from County A to make a multi county enterprise unit (MCEU).  Both policies must have the same insurance plan and coverage level.  All claims will be calculated based on the multi county unit guarantee. 

Make sure you’re covered……  With the decline in corn and soybean prices, crop guarantees may not provide the guarantee level you need for your operation.  The most economical way to increase your guarantee is to increase your crop coverage level since there is a subsidy applied to area and individual policies.  There are also several private products to add bushels or revenue to your guarantee.  Please contact us before the sales closing date to run through these scenarios to make sure you are getting the most out of your policy.

2019 Farm Bill, PCL & SCO - The 2019 Farm Bill provides farmers the option to choose between the ARC program and the PLC program.  Due to the changes in crop prices, producers might find the PLC program a better fit for their operation.  By enrolling in the PLC program producers with an individual multi-peril policy can take out Supplemental Coverage Option (SCO) and area plan which pays out based on county yield or revenue guarantees.

Now is the time to bundle up!!!  If you would like a little more protection for your crop, you might want to take out a bundle policy for hail, wind and replant coverage.  These bundles provide a price discount so the coverage for all three perils is often cheaper than taking out the coverage individually.  Hail, wind and replant coverage is paid on an acre for acre basis even if your multi-peril policy is on enterprise units.  Take advantage of these discounts early because once sales closing passes, the bundle discount is gone.  Contact us for more information on these private products.  

Farm Changes……. Be sure and let us know of any farm/entity changes to your operation.  These changes impact your crop policy.


How Your Revenue Policy Works

As market prices decline, there is a growing need to understand how your crop insurance revenue policy works.

Revenue policies guarantee a certain level of revenue rather than just production. It protects from a decline in crop prices or yield.  Your crop coverage guarantee is based on the futures market and your yield history. Both are used to compute your revenue coverage and guarantee. The monthly average of the crop futures price for the month of February determines the spring crop price. A harvest price is determined in November using the new crop futures price during the month of October. The final revenue guarantee is computed by multiplying the higher of (projected price or harvest price x yield x your coverage level.) If your actual revenue falls below the revenue guarantee, you’ll receive a crop insurance indemnity equal to the difference. 

Please keep good production records. Given current price levels, it’s important to submit your production information to us as soon as you are done harvesting so we can determine if you qualify for an indemnity payment.


Livestock Mortality Insurance is now Available at Bath Insurance Group!

BIG is also a livestock mortality insurance agency offering additional coverage for all aspects of livestock whether production or the show ring. It's no secret that livestock farming is a risky business. That is why a solid and affordable livestock policy is essential to protect your investment from those unexpected events and accidents that can devastate your animals and your livelihood.

Livestock insurance is individualized to fit your farming operation and cover your specialized livestock, whether you have cattle, pigs, sheep, goats, horses or any combination on your farm.

Insure your animals. For more information on rates and policies, contact us today.