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1st Farm Credit Services Crop Insurance
Giving you the peace of mind to grow with confidence.

Base Prices Approved

The following 2010 crop year base prices have been approved for CRC, RA, GRIP, and IP policies.  

$3.99 for Corn
$9.23 for Soybeans.

Daily Price Tracker

During the month of February, the Risk Management Agency (RMA) will be utilizing the futures markets to set the spring base price.  The corn price will be set based on an average of the December 2010 futures price throughout the month of February.  The soybean price will be set using an average of the November 2010 futures price throughout the month of February.  We will update our website daily so you can monitor the average prices.  Please remember the March 15th sign-up deadline for federal crop insurance.  Please contact your 1st Farm Credit Services Crop Insurance Specialist with any questions.

  Access Daily Price Tracker here

 

New Products Offered

ADD MAX
ADD MAX is designed to provide pure yield protection (on optional or enterprise unit basis) for producers wishing to purchase higher yield protection levels than available from federal APH, CRC, or RA policies ("MPCI", on either enterprise, basic or optional unit basis).

  • Allows producers ability to insure 90% of APH

  • Allows producers the ability to name their base price used for premium and claims calculation at a maximum of 10% below underlying policy base price

County Advantage
County Advantage is a type of farm-level "wrap" insurance that is supplemental to GRIP/GRIP-HR policy. It protects producers that buy GRIP and experience an individual loss, but the county does not.

  • Emulates a RA/CRC policy, but also allows for farm level revenue coverage up to a higher level than Federal CRC/RA (i.e., up to 90% individual coverage)

  • County Advantage indemnifies the producer for the difference between what individual insurance coverage (i.e., CRC or RA) would have paid and what his GRIP/ GRIP-HR policy pays

Umbrella Plan (UP)
The intent of the UP Policy is to provide protection for multiple year yield losses based on a two year enterprise unit. UP triggers payments if losses exceed 10% (90% coverage) of the two year enterprise unit approved Enterprise APH. The policy only protects against loss of yield between 90% and 75% (15%) of the Enterprise APH and increase in price above the base price up to 200%. (Ie: if Base price is $4 it could increase to $8)

  • UP is only available on corn in select states

Read More about 1st Farm Credit Services Products

90% Crop Coverage! Work with us Today!

1st Farm Credit Services can now offer clients up to 90% coverage, something that not all agents can do.

Contact us today about protecting your crops and giving you coverage you can count on.

 

 

The Field Newsletter

The latest issue of The Field, your source for Crop Insurance information from 1st Farm Credit Services, is now available on line. Learn about weather predictions and important dates in 2010.

Read More ...

 

 

New Bio Tech Endorsement ...

Clients of 1st Farm Credit Services have saved more than $800,000 by using the Biotechnology Endorsement. Contact your 1st Farm Credit Services Team today to learn about how you can save money on your crop insurance too. 

Contact the team

Meet our newest team members!

Adding to our team of experienced professionals is essential to serve you and all your crop insurance need. Joining our team and there to help you with all your crop insurance needs are Jake Paluska in Normal, Jolee Preston in Aledo and Caryn Royer in Macomb.

 

Important Crop Insurance Information

Rate Reductions: The Risk Management Agency, responsible for federal crop insurance programs, announced the  approval of a premium rate reduction for producers who plant Agrisure® 3000GT, Agrisure® CB/LL/RW, HERCULEX® XTRA Insect Protection or HERCULEX® XTRA Insect Protection with Roundup Ready® Corn 2 corn hybrids for irrigated corn for grain in Illinois, Indiana, Wisconsin and other states, beginning in the 2010 crop year.

Delayed Harvest: Extremely wet conditions are delaying harvest of corn and soybeans in Illinois. In some cases the moisture content is so high the crop cannot be physically harvested with normal harvest equipment. Here is some information Illinois farmers need to know from the Risk Management Agency and the United States Department of Agriculture. Read More … 

Got Standing Crops in the Field? If you have unharvested crops on December 10th a claim must be submitted for an appraisal or harvest extension. We will contact you by December 5th to determine your status.

 

  More Information


Federal Crop
Insurance 


Hail and Wind
Coverage 


Mapping


The Field 
Newsletter  


Other Important
Crop Insurance
dates 


Association
Home Page


 
 Contact the Team


 
Markets and Weather 

 Giving you the peace of mind to grow with confidence.
 
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