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February 2012 Archive for Risk Management with Insurance Tools

RSS By: Jamie Wasemiller,

Insurance tools have become an integral part of managing your farming operation. Stay current on insurance tools and how to incorporate them with your current risk management strategies to market your grains throughout the year.

2012 Crop Insurance Webinar

Feb 21, 2012

Space is limited!


Reserve your spot now!


I will be conducting an insurance webinar on Wednesday, Feb. 22 from 2:00-3:00 pm. In this webinar I will discuss my thoughts regarding corn and soybean insurance for 2012 and describe the benefits of the Trend Adjusted APH.

I will also explain how you can benefit from working with me as your insurance agent focusing on utilizing the Silveus Profit Matrix as part of our crop insurance package. Here you can track your cash sales, futures and options and see how it affects your profitability in real-time.


Advice for Hedging Your Crops

Feb 06, 2012


Another successful and informative Top Producer Seminar has come and gone. It is always an honor to be asked to speak at this event and I was lucky enough to also be asked to speak to the younger farmers at the Tomorrow’s Top Producer Seminar.
One thing I always like to do is learn from the audience what tools they utilize to hedge their crops. A few things that stuck out in my mind was the fact that not many people in the room (especially the young farmers) utilize futures and options and most have not done any marketing yet for their 2012 crops.
With an increase in input costs for 2012 and the possibility of the U.S. growing a very large amount of grain this year farmers should work on taking the emotion out of the process and look at hedging some crops early on especially if it cash flows for your operation.
For the cash hedger that has not done anything I would say closely monitor the local basis and instead of waiting for previous highs go ahead and get a small portion of your crops marketed. It just makes good risk management sense.
If you only do a small amount you should not have to be concerned with not having the actual production to deliver. Effective cash sales early in the season (based on operational break-even numbers) makes it much easier to manage crops especially in conjunction with the right insurance policy and level.
As a farmer I can appreciate being nervous to utilize futures and options especially if you have rarely utilized them but as a risk management specialist I understand the benefits of getting educated and utilizing these tools in conjunction with crop insurance to effectively market their crops.  By spending money on crop insurance money that would have had to spend during the season on the board can be mitigated. When factoring in crop insurance futures and options can be used in a timely and cost effective manner.
Having the right tools (software) will dramatically help you choose the right insurance policy, incorporate it into your marketing strategy and effectively manage your marketing strategies throughout the year. Your risk and revenue changes daily and in order to correctly execute any additional hedging you need to know how it will impact your current financial position.
If enough people respond to today’s blog and would like to have me conduct a webinar on this I am happy to do one so please let me know. Otherwise if you are interested in how to get these tools you can contact me at 707-365-0601 or at




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