DECISION TIM- ARC OR PLC
At this time last year, you probably heard us talking a lot about changes to the ARC and PLC programs. The Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs are administered by FSA as part of the Farm Bill. The 2018 Farm Bill allowed producers to update yields and make new elections in […]
EARLY 2021 MARKET THOUGHTS
2021 is looking to be an outstanding year. We opened the year with great price rallies and renewed optimism for agricultural prices. It has been a long time since we were able to sell $14 beans and $5 corn. A recent survey listed producer optimism up 34% over last year. Most sectors of agriculture are […]
NEW TEXT ALERTS!
We are now offering text alerts to help you keep up to date with current happenings and reminders! There are 3 different group options of messages you can receive, or you can sign up to receive them all: 1. LRP Daily Prices: A daily text with the current coverage options and prices for feeder cattle […]
LRP: IS OPPORTUNITY KNOCKING ON YOUR DOOR?
The Livestock Risk Protection (LRP) program can be described as a subsidized put option protecting the price of cattle against a general market downturn. LRP coverages are based on the CME Futures Market and sold on a per head basis. Coverage prices and premiums change daily based on the current market conditions and are calculated […]
POSSIBLE WHEAT FREEZE DAMAGE
On April 19th winter weather returned and temperatures across most areas dropped to 28 degrees and below for several hours. The next few days look like this could repeat again . The growth stage the wheat is in will dictate the amount of damage we see to this crop. When wheat is just beginning to […]
REPLANTING DECISION JUST AHEAD
The warm weather and soil conditions at the start of April had many producers planting corn. The ground temperature was a little low, but it was above the 50 degrees where corn will start to germinate. Before most of the corn spiked, we were hit with 5 inches of rain and the temperatures plummeted. This […]
STRONG OUTLOOK FOR 2022 CATTLE MARKET
Often, when we as cattle producers look at the current cattle market we convince ourselves it is not as good as it really is. We tend to remember the extreme profits and highs generated just a few years ago. Truth be known, the cattle market has done well over the last few years, and even […]
SPRING TO-DO CHECKLIST
To ensure you crop policy is ready for spring planting, please review the below checklist to make sure you are being properly protected this year. As a reminder, all changes must be made by March 15th. Have you reviewed your coverage levels for the upcoming year?__This includes your coverage per acre and bushel guarantee.__Do you […]
HOW CAN CROP INSURANCE PROTECT YOU?
2022 is shaping up to be an interesting year for agriculture. With high input costs, high prices, political uncertainty, and possible supply chain issues, producers are looking for cost effective ways to protect their operations the best way possible. Utilizing all the products/tools crop insurance offers is not going to be the answer to all […]
MAKING 2022 A PROFITABLE YEAR
What an exciting way to start the year! Whether your views of the upcoming year are good or bad, we know that we are in for a lot of volatility and change. Today, prices for both corn and beans are very profitable for the 2021 crop that we have produced. These markets have shown great […]