Faith, family and friends. Raising great country kids. Crop insurance specialist - I dig details & #'s so farmers can lock in profits. Purdue AGR, Boiler Up๐!
Spring Price Discovery complete!
Today was the final trading day for our Feb averages. Here's where we ended up!
(Unofficial until RMA releases)
Corn $4.62, Volatility 0.15
Beans $11.09, Volatility 0.13
2025 Prices:
Corn $4.70, Volatility 0.18
Beans $10.54, Volatility 0.14
Pretty cool to see the American Huey 369 group land in the home pasture to support the Magnus Veterans Foundation fundraising event today.
Good people doing great things to help our veterans and their families!
https://t.co/3GSwkDjZKg
https://t.co/NN3IHRy8Pg
Big news from the RMA! ECO & MCO subsidies increased to 80% as well as the SCO previously announced. This will make ECO & MCO even more affordable with great coverage options.
Hot off the press from the RMA on OBBBA updates:
SCO, ECO, MCO subsidies increased to 80% (from 65%).
SCO to 90% won't be available until 2027
Can still take ECO 86-90% which would take the place of SCO to 90%.
BFR benefits extended to 10 years.
https://t.co/bGFO50pKzU
With the Ag markets rolling into a down cycle, this isn't the year to set your crop insurance policy and forget about it. Learn how to maximize its value and position your farm for success.
Farmers - There are a few big updates and shifting trends to discuss before heading off to go plant this spring so if you haven't talked to your crop ins. agent yet, or they are retiring, then give us a shot. It never hurts to have a conversation! 574-737-7467
ARC/PLC enrollment begins tomorrow, Jan 21st. The deadline has been extended to April 15th at FSA.
There's a new gameplan with the changing market dynamics, so talk to your agent before signing back up for PLC & SCO. Call our office for more info -
https://t.co/81fscnMiXF
Fort Wayne Farm Show is next week!
We're focusing on helping show farmers the synergies of using their insurance policy to market their crops more efficiently. Also ARC/PLC elections for 2025. Hope to see you there! Booth #1318
Tuesday 9 - 5
Wednesday 9 - 8
Thursday 9 - 4
CROP INSURANCE UPDATE:
Itโs no shocker that Fall prices are lowerโฆ but that means even if you harvested higher yields than your 10 year APH, you may still have a revenue claim - pending unit structure on the policy. Call us to help run your numbers and see if there's a claim!
Farmer Friends - Save the Date!
December 11th Purdue Ag Outlook, Land Value update, and PARP credit meeting- followed by a BBQ Beef lunch. Cass County Fairgrounds, Logansport, IN
Margin Protection 5 yr analysis: Benton County, IN.
-Expected County yields up 17 bu.
-Price of Corn cycles
-Rev & premium spike '23
-Value of prem $ to Lia. is better this year
-Lock in ~$4.38(tbd) now while youโre discussing โ25 input pricing.
Or wait 6 mo. for our Feb price...
Crop Insurance news update:
2025 Margin Protection price discovery began today. Not a bad start for the 95% county plan. Deadline is Sep 30th to sign up and lock in 2025 revenue now.
Price discovery period ends Sep 13th.
Msg us for more info!
Corn $4.39
Beans $ 10.25
Get your acreage reports turned in by July 1st. This is so our team can ๐ฉ๐ง๐๐ฅ๐ก๐ check your information for ๐๐๐๐ช๐ง๐๐๐ฎ before the underwriting deadline on July 15th.
UPDATE on SPRING PRICE DISCOVERY:
We're 30% through the trading days in February for establishing our Spring guarantee prices.
Here is where we're tracking so far: (per the RMA site)
2024 prices:
CORN $4.75 & 0.19 vol.
BEANS $11.74 & 0.14 vol.
#cropinsurance
2024 Crop insurance SPRING PRICE DISCOVERY started Feb 1st. Here's how we're tracking so far:
CORN $4.77 & 0.19 volatility, BEANS $11.78 & 0.15 volatility.
2023 prices were: $5.91 & 0.18, $13.76 & 0.13
#cropinsurance
Save the date!
Dec 12th @ Cass County, IN Fairgrounds.
- Purdue Ag Outlook 2024 by Dr. Michael Langemeier
- Grain Market Update with Rich Morrison
- PARP credits available
Call or email to register - info on flyer