Farming sometimes feels like risk after risk, with nothing helping farmers work towards a really great crop, and an excellent profit. Some farmers are even starting to realize how their crop insurance is adding on to this by limiting the way they farm and making it difficult to plan ahead. But what if there was something different?
Jeff Bean’s Story
On his 9,200-acre family farm, Jeff Bean sees his hard work paying off by the bushel from seeding to harvest, and in the fact that the next generation of his family are now involved in the business.
“Our old crop insurance was yield-based. We were finding that we just weren’t getting the coverage that we needed from it. We weren’t in a position to be looking to next year. We were wondering where the funds were going to come from to put the crop in.”
Jeff’s is an all too familiar situation these days, and everything from weather to seed costs to unpredictable market fluctuations can make you feel like maybe this is the one bad season that becomes your last on the farm. But, when Jeff decided to compare his traditional crop insurance to Production Cost Insurance offered by Global Ag Risk Solutions, the decision was easy.
“Global Ag Risk just made sense. We went over both systems and realized we had to protect our farm in a different way.”
Production Cost Insurance
Production Cost Insurance is gross margin insurance, which covers both input costs and revenue. It helps farmers unlock their agronomic potential by covering your three major inputs – seed, fertilizer, and chemicals, plus a specific amount of revenue per acre.
Production Cost Insurance provides the coverage and protection farmers need to farm with confidence, to make the decisions and add the inputs that will lead to a successful season—or avoid a terrible one—and reduce their risk along the way.
If input costs go up, like Jeff’s often do during wet years, coverage increases right along with it, with no change in premiums. Jeff and his family get to farm the they want, without having to worry about the cost of that extra pass they hadn’t planned for. With insurance that works for him, the family farm can plan for success year after year with less risk and better profits.
Gross Margin Insurance Works for Kirriemuir Ag
Dallas Vert, owner of Kirriemuir Ag didn’t even believe it could be true when he first looked into gross margin insurance.
“I thought there was a loophole somewhere that the guy can get out of, because insurance doesn’t usually work that way.”
There’s no loophole. Global Ag Risk Solutions really does help you farm more aggressively and through multiple forms of risk. So, when Dallas wanted to test out a high cost variety of seed that was a good match for his area, he did it with confidence.
“It was awesome! All I needed was the risk coverage to do it and trying to cover the expensive seed. And it’s there now.”
You’re a great farmer, and you deserve great insurance that offers you a new solution to cover everything you invest in that crop, not just your yield. With Global Ag Risk Solutions at your back, you can farm the way you want and know that you’re covered.
Start farming to win. Visit Global Ag Risk Solutions and get a quote today.
It’s Time for a New Type of Crop Insurance
It’s Time for Global Ag Risk Solutions
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