MPCI in all of its forms provides protection against crop yield loss by allowing policy holders to insure a chosen percentage of their Actual Production History (APH). Policies protect a variety of crops against all natural perils.
Crop-Hail products insure against the perils of hail, fire, lightning and transit. These products allow the grower added flexibility when it comes to protecting one's investment. Policies include various coverage levels and deductibles. Within the crop insurance field it has long been assumed that your MPCI covers your expenses and your Crop-Hail covers your profits.
What a beautiful harvest season we experienced this year! The warmer than average temperatures worked in our favor to get crops harvested earlier than in previous years. And the yields are looking amazing this year! Unfortunately, not all producers are experiencing the higher than normal yields. If you believe you may have suffered a loss this harvest season, please contact Buck Agency as soon as possible! Please keep in mind you must notify our office within 72 hours of the initial discovery of damage/potential loss.
The 2015 projected spring prices were set in the month of February with December 2015 corn futures and November 2015 soybean futures. The corn projected price is set at $4.15 and the soybeans projected price is $9.73. For those on a revenue protection plan, the 2015 harvest prices will be determined the month of October, again, using December 2015 corn futures and November 2015 soybean futures. http://prodwebnlb.rma.usda.gov/apps/PriceDiscovery/GetPrices/YourPrice
In the News:
Corn futures continue their Tuesday decline overnight by Doane Advisory Services, Oct. 28, 2015 Corn futures continued their Tuesday decline overnight, with traders citing weak exports and harvest pressure. With about 25% of the domestic crop still to be combined at the start of this week, many elevators are already reporting full bins and silos, which in turn implies a lot of grain is going to have to be stored on the ground.
Monsanto to shutter three R&D centers in 2016, cuts 90 jobs by PJ Huffstauffer, Reuters, Ag Professional, Oct. 28, 2015 Agrichemical company Monsanto Co. plans to shutter three research and development centers in 2016 with a loss of about 90 jobs, it said on Monday, as it restructures operations to cut costs in a slumping agricultural commodity market. Weekly Fertilizer Review by Bryce Knorr, Fertilizer costs continue to drift lower, Oct. 28, 2015 Fertilizer prices continue to show little strength as the fall application season advances with a rapid harvest offset by warmer than normal temperatures.
Huge Winter El Niño Confirmed by Dave Mowitz, Oct, 23, 2015 Forecasters warned that a super strong El Niño event was in the making last September. Today they are standing by that prediction, adding this El Niño will be a whopper . . . possibly one of the strongest on record.
Web Soil Survey (WSS) by USDA Natural Resources Conservation Service (NRCS) (USDA) - Web Soil Survey (WSS) provides soil data and information produced by the National Cooperative Soil Survey.