News

Happy Holidays! Our office will be closed on Dec. 24 and 25, and then Dec. 30-Jan. 1. As always, you may phone us anytime. Thank you.

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Harvest Reminders 2021

Paying Your Bill: Crop insurance premiums are due by 11/30/2021.  We encourage our insureds to make their payments by November 15th to allow for postal delays. Be sure to have your payment postmarked to make it timely and send your payment to the address indicated on your premium statement. Some of our earlier payments have taken up to 30 days to post on accounts. There are options to drop your payment off at the office -- pay your premium by phone or online.  Please give us a call if you would like help with these options.

Any outstanding crop premium after November 30th will accrue interest from September 30, 2021.

Final Harvest Price Established: The final crop prices corn and soybeans insured under revenue policies were announced today, November 1st. Both corn and beans had a higher final price than the spring coverage price. There will be no revenue claims so a yield loss claim will result in a higher guarantee based off the final price. 

  Crop   Spring Projected Price    Final Harvest Price 
  Corn    $  4.58   $  5.37
  Soybeans    $11.87    $12.30
      

Claims: Your crop insurance coverage ends once you harvest your crop. This also starts the time clock to turn in loss claims. You have 15 days from the end of the insurance period to turn in a production loss.     

Reporting Production: Please call us and report your production as soon as you are done harvesting so we can determine if you have a loss and get the loss worked and paid timely.

Wheat: The deadline to report your 2022-planted wheat is December 15, 2021.

Pasture/Hay Coverage: If you are interested in insuring your pasture or hay ground, the sales closing deadline moved from November 15th to December 1st.

Wishing you a safe harvest! Please don’t hesitate to contact our office with any questions.

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Precision Ag

We 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.

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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.

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Livestock Mortality Insurance is available at Bath Insurance Group!

BIG is 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.

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