admin | Premier Ag

Livestock Risk Protection

admin — Thu, 09 May 2024 16:23:28 +0000

Safeguard your cattle operation with Livestock Risk Protection (LRP). With LRP you can lock in a guaranteed market price, ensuring peace of mind even in the face of market downturns. At the end of the insurance period, if the actual ending value is below the coverage price, you will receive the difference between the coverage price and actual ending value.

LRP Highlights

Protect against declining market prices
Lock in projected futures market price – futures price set daily.
Coverage endorsements available for 13-52 week periods. Multiple endorsements may be purchased.
Available for unborn calves, steers, and heifers.
Choose between 70-100% coverage levels (subsidies available from 35-55%)
Coverage is based solely on national market prices, not the actual sale price.
Ownership may be retained at the end of the policy period.

Enhanced Coverage Option (ECO)

admin — Tue, 02 Mar 2021 22:24:16 +0000

SIMPLE FARMS

admin — Fri, 05 Feb 2021 21:30:38 +0000

Looking for a way to organize your farm and improve your farming practices? Check out this great app designed to help you better track your ag inputs and make informed decisions for your farm. Join Scott on February 18th at the Townsend Tavern to learn more!

Pasture, Rangeland, and Forage Rainfall Index

admin — Fri, 16 Oct 2020 17:05:18 +0000

PRF insurance helps to protect the farmers and ranchers whose livelihood is dependent upon the ever changing and unpredictable weather patterns, especially those found in the Great Plains region. Customers can use it to protect their grazing and haying operations against any decline in the expected precipitation. The expected precipitation is calculated using historical weather data collected by NOAA. This coverage does not measure direct production or loss- it simply insures a specific and predicted amount of rainfall for that region.

So how does it work?

The year is broken up into two-month intervals and the producer chooses a minimum of two different intervals that they want to insure. Then they assign coverage levels to each interval they have chosen totaling 100%. So for example, if the producer decided to insure their ground from April-May, Jun-July, and August-September they might assign coverage levels of 30% to the first interval, 60% to the second interval, and 10% to the third interval. At the end of each two-month interval the amount of total precipitation is calculated and if it is less than the insured rainfall amount the producer will receive an indemnity.

This can be an extremely valuable insurance coverage in our dry and unpredictable area. Sales Closing is November 15^th. Call us today to learn more or to sign up for Pasture Rangeland Forage Insurance.

Sales closing for PRF is November 15th.

· Protect your operation against losses due to reduction of predicted rainfall amounts.

· Insurance protection for grazing, forage, and haying operations.

· Coverage is for a single peril—lack of predicted rain within a specific grid.