CROP INSURANCE FOR YOUR FARMING OPERATION

It is that time of year to review and update your crop insurance policy! Any changes you would like to make to your policy must be finalized before March 15th.

Are you making changes for your farming operation?  If you added land, changed shares, had a marital status change or moved your operation to an LLC, we need to update your 2025 policy. 

 Please feel free to contact us at (800) 209-7238 if you have questions or want to make changes to your coverage before the March 15th deadline. 

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LIVESTOCK REVENUE POLICY

Are you nervous about how long the livestock market rally will last?  With a Livestock Revenue Policy (LRP), you can rest assured with price protection from a decline in price during the policy coverage period without limiting upside potential. 

Using LRP, you can lock in a floor price for groups of livestock and are paid an indemnity when market prices dip below the floor price at the end of your endorsement.

How LRP works:

• LRP is federally subsidized and coverage is available for unborn calves, feeder cattle, fat cattle and swine.
•  This policy is priced and available for sale continuously throughout the year. 
• Cattle are locked in based on their final weight and the endorsement length of 13-52 weeks.
•  LRP insures the price, not the animals.
•  Producers are able to market their livestock within 60 days of the end of the endorsement but are not required to sell the insured livestock.  
• There is no minimum number of head required
• Premiums are due 30 days after the end of the endorsement period

For daily quotes, follow Anya Pinkerton on X @AnyaPinkerton

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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.
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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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