The Risk Management Agency (RMA) issued Product Management Bulletin PM-22-006 regarding the 2021 crop year Dry Bean and Dry Pea Revenue Endorsement harvest prices. The harvest prices are applicable for the crops, types, and states listed in the bulletin. All production claims paid prior to this announcement will automatically be recalculated and checks will be…

PRODUCTION: In preparation of spring sales, we would prefer to have production done ASAP. If you haven’t already, please take the time to complete your 2021 production reports that were mailed in your crop binders last summer. Keep in mind that any loss units do not need to be filled out, they will automatically fill…

Thune, Tester Lead Colleagues in Requesting Assistance for Livestock Producers Affected by Drought – Sens. John Thune (R-SD), a longtime member of the Senate Agriculture Committee and the Republican Whip, and Jon Tester (D-MT), a member of the Senate Agriculture Appropriations Subcommittee, led a bipartisan group of senators in urging USDA’s Farm Service Agency (FSA) to…

RMA Announces Series of Updates, Including PP Changes Sought by Senators Thune, Hoeven, and Cramer – USDA’s Risk Management Agency announced a series of regulatory updates this week.  RMA is making permanent a flexibility allowing producers to hay, graze, or chop cover crops for silage, haylage, or baleage at any time and still receive 100 percent…

Because the harvest prices are higher than the projected price, a production loss must be triggered to be payable. Production losses that have been paid will receive an additional payment for the revenue loss, that will be sent out automatically.

  Spring Prices Reminder: Corn: $4.5800 Sunflowers – Oil: $0.2200 Sunflowers – Confectionery: $0.2730 Soybeans: $11.8700

  Spring Prices Reminder: Corn: $4.5800 Sunflowers – Oil: $0.2200 Sunflowers – Confectionery: $0.2730 Soybeans: $11.8700

As harvest rolls on, we wanted to get out some significant news items from last week. The extension and expansion of WHIP+ for 2020 and 2021 was included in the continuing resolution that was signed into law last Thursday (Public Law 117-43). Along with Secretary Vilsack’s announcement of new programs which includes: the allocation of…

The amount of insurance protection is based on the greater of the projected price or the harvest price. Claims for crops that have a higher harvest price than projected must trigger a production loss. In the event you have already finalized your claim prior to the harvest price being finalized, the company will automatically issue…