Fall Updates August 2025
Billing-
The premium billing for corn and soybeans policies as well as private products should be in your mailbox. Please take note; the federal government is not extending deadlines as they have in the years past. Premiums are due on 9/30/2025 or interest will attach to your premium. There are options to pay by mail, online or through a QR code. Please feel free to call to learn about your payment options.
Crop Revenue policies-
All eyes are on the crop market. If you have a revenue multi-peril policy, the average price of December futures during the month of October is calculated to establish the fall price for corn and soybeans on November 1. The fall price compares to the spring coverage price to compute any revenue claims for either corn or soybeans.
Pasture, Range, Forage land-
The Pasture, Rangeland, Forage (PRF) Insurance Program provides precipitation coverage for your pasture, rangeland, or forage acres. The concept of this policy is to provide supplemental coverage for low forage or pasture production in a dry year. Rainfall is measured on a 17 x 17-mile grid in 60-day intervals to calculate below average rainfall. Coverage levels are available up to 90% with some policies showing over a 200% rate of return. You can insure a portion or all of your acres. PRF is an affordable option for livestock producers that is simple with no record keeping or long claims process. Feel free to contact us for a quote. The deadline for this coverage is December 1st.
Harvest Claim Reminders-
- Crop Damage: If you are concerned about a possible hail/wind claim or grain quality issue, please contact our office immediately. Yield & quality losses due to moldy or down corn can trigger indemnities if losses are large enough. These type of losses require an immediate inspection. We will work with our adjuster and tell you how to proceed. It is better to be proactive and work with an adjuster early in the process. Once the crop is completely harvested, we do not have the ability to come back and assess the damage.
- Carryover Grain & Feeders: If you are storing prior year crops-- do not co-mingle old and new-crop bushels on-farm without having a crop insurance adjuster measure those bins before harvest.
If you harvest your crops as silage, it is important to contact us so we can request an inspection for a silage appraisal. Also, keep track of any feed production. Farmers feeding new-crop bushels to livestock should have a written ledger to account for those bushels. Regardless of your unit structure (EU or OU), use acceptable load records to keep all unit production separate.
- End of Insurance: Your crop insurance coverage ends once you harvest your crop. This also starts the time clock to turn in loss claims. You have 15 days from the end of the insurance period to turn in a production loss. Revenue losses can be submitted up until December 15th.
- Mark bins: If you are putting grain in a bin, please mark the bin if more than one unit is added to the same bin so the adjuster knows where one unit’s production stops, and the next unit begins.
- Watch your tickets: Be mindful of your settlement sheets – they are used to calculate a loss. Grain should be sold in the same name as your insurance policy.
- Timely Production: Please bring us your production as soon as you are done harvesting so we can determine which units are in a loss and get the loss worked and paid timely.
Email: Please send your email address to apinkerton@bathinsurancegroup.com so you can be included in our email blasts we send to keep you updated on important policy information.
We greatly appreciate your business and hope you have a safe and bountiful harvest!
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LIVESTOCK REVENUE POLICY
Are you nervous about how long the livestock market rally will last? With a Livestock Revenue Policy (LRP), you can rest assured with price protection from a decline in price during the policy coverage period without limiting upside potential.
Using LRP, you can lock in a floor price for groups of livestock and are paid an indemnity when market prices dip below the floor price at the end of your endorsement.
How LRP works:
- LRP is federally subsidized and coverage is available for unborn calves, feeder cattle, fat cattle and swine.
- This policy is priced and available for sale continuously throughout the year.
- Cattle are locked in based on their final weight and the endorsement length of 13-52 weeks.
- LRP insures the price, not the animals.
- Producers are able to market their livestock within 60 days of the end of the endorsement but are not required to sell the insured livestock.
- There is no minimum number of head required
- Premiums are due 30 days after the end of the endorsement period
For daily quotes, follow Anya Pinkerton on X @AnyaPinkerton
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Precision Ag
We have the capability to use precision farming data for your crop insurance records. Please contact our office if you are interested in this ability.
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Smart Phone Apps
We live in a world where you want information at the tip of your fingers immediately. We now have smart phone applications for many of our insurers that provide you with the most current information regarding your crop insurance policy. Contact our office for more information.
Please don’t hesitate to contact our office at 800-209-7238 with any questions about your policy.
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How Your Revenue Policy Works
As market prices decline, there is a growing need to understand how your crop insurance revenue policy works.
Revenue policies guarantee a certain level of revenue rather than just production. It protects from a decline in crop prices or yield. Your crop coverage guarantee is based on the futures market and your yield history. Both are used to compute your revenue coverage and guarantee. The monthly average of the crop futures price for the month of February determines the spring crop price. A harvest price is determined in November using the new crop futures price during the month of October. The final revenue guarantee is computed by multiplying the higher of (projected price or harvest price x yield x your coverage level.) If your actual revenue falls below the revenue guarantee, you’ll receive a crop insurance indemnity equal to the difference.
Please keep good production records. Given current price levels, it’s important to submit your production information to us as soon as you are done harvesting so we can determine if you qualify for an indemnity payment.
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Livestock Mortality Insurance is available at Bath Insurance Group!
BIG is a livestock mortality insurance agency offering additional coverage for all aspects of livestock whether production or the show ring. It's no secret that livestock farming is a risky business. That is why a solid and affordable livestock policy is essential to protect your investment from those unexpected events and accidents that can devastate your animals and your livelihood.
Livestock insurance is individualized to fit your farming operation and cover your specialized livestock, whether you have cattle, pigs, sheep, goats, horses or any combination on your farm.
Insure your animals. For more information on rates and policies, contact us today.
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