LIKE US ON FACEBOOK!
Like the Gibson Insurance Group on Facebook to keep up to date with a variety of things! Receive information about important updates in the agriculture industry, your insurance policies, and our office. We post weekly marketing reports regarding livestock and crops. These reports give you an insight to pricing, market decisions, and where we think […]
CHANGES IN CROP AND LIVESTOCK INSURANCE 2021
Over the last several weeks there have been some significant changes to crop insurance that affect most areas in agriculture. All the changes are beneficial to producers.The first change is the addition of the Quality Loss Option (QL). Quality Loss adjustment applies when grain quality is low. In the past, crop insurance used your quality […]
PARTNERSHIP WITH FARMERS EDGE
Gibson Insurance has partnered with Farmers Edge to bring additional value to our customers. In spending time with producers, we at Gibson Insurance have realized precision agriculture will be the way of the future and is already being implemented in many operations. The question we have asked ourselves and producers is “How can we utilize […]
BYPRODUCTS AS FEED SOURCES
Have been you considering using by-products in your feed rations? In the last two months all grains have significantly increased in price. Many producers are again looking to the by-product market to see what they can substitute in their rations to bring costs of gain to the lowest possible level. There are around 150 different […]
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 […]