Crop Insurance
What was once known as FBN Insurance will now be known as Momentum Ag and part of Patriot Growth Services.
On Sept. 1, you have a big deadline. For the first time since the programs were created, you can switch your elections for ARC and PLC. Which should you choose?
As you start making 2022 crop production plans, couple them with risk management plans. One tool to consider is margin protection for federal crop insurance.
Your crop insurance decisions are a key part of your risk management plan for this year.
Since their inception in 2014, you’ve been choosing between Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC). You have until March 15 to make your choice this year.
“What I look for as an agent and as a farmer is if I can get close to 2.5 times or more return on coverage versus extra premium,” says Jamie Wasemiller with Gulke Group and Wasemiller Insurance Agency.
“We don’t need to rewrite the entire farm bill,” Rep. Thompson (R-Pa.) says. “We’re comfortable with many parts of the 2018 bill and there aren’t many tweaks, instead things we need to protect and invest in.”