Fall Harvest Prices Announced
By kbondy@heritageinsservices.com |
I have attached trigger charts to reference possible losses on corn and soybeans. With the fall price being lower than the spring price, you may grow more bushels than your guarantee on your schedule of insurance. With Sunflowers being higher than the spring price, you will have to trigger a production loss based on…
Read More Cattle Range Comments 11/3/25
By kbondy@heritageinsservices.com |
In my opinion, another week of Wow’s. Limit down one day and limit up the next, with no more credible news than last week. With the severity of the break lower, there are now some similarities that can be drawn between the 2014 & 2015 top and at present. In 2014, it was estimated that…
Read More Cattle Range Comments 10/17/25
By kbondy@heritageinsservices.com |
In my opinion, Wow! What a week to be in the cattle industry. Good, bad, or ugly, this will be a commodity run for the history books when it comes to a US produced agricultural product. Cattle feeders out did themselves all week long fighting over pen space as spreads between starting feeder and finished…
Read More Cattle Range Comments 10/10/25
By kbondy@heritageinsservices.com |
In my opinion, Friday’s trading action, upon the President’s comments, gave good insight into the division between cattle producers and everyone else. Although a weak start, when the President spoke, they sold off sharply, as did energy and equity prices. Bonds moved higher as well, with all suggesting to anticipate more recessionary factors going forward…
Read More Cattle Range Comments 10/6/25
By kbondy@heritageinsservices.com |
In my opinion, the bull market has ground to a halt. Only cattle producers continue to operate at the elevated price levels. Retail grocers, restaurants and consumers are showing reserve in spending, reflected by the box beef price. The inability to push the higher price of cattle onto the consumer, in the form of beef,…
Read More Government Shutdown Update
By kbondy@heritageinsservices.com |
With the government shut down, we wanted to provide you with a brief summary of the status of USDA payments until doors reopen: (1) the additional 14 percent payment under ECAP is out the door so this is *not* affected; (2) crop insurance is not impacted; (3) ARC/PLC is affected and will not be paid…
Read More API Rainfall Lease Update
By kbondy@heritageinsservices.com |
RMA released the PM-25-054 – Rainfall Index Basic Provisions on August 29, 2025. One of the changes to the RI Basic Provision is to require leases or lease certification forms to be signed and submitted on or before the acreage reporting date and must be effective for the crop year. Per the Rainfall Index Insurance…
Read More Billing Dates / Claims
By kbondy@heritageinsservices.com |
MPCI: Due date is October 1. To ensure that there is no interest attached please plan accordingly. You may access your carrier website and pay electronically as this payment is posted same day verse postal mail. If you have premium credits and have not received an updated billing stmt please call the office to get…
Read More Cattle Range Comments 9/19/25
By kbondy@heritageinsservices.com |
In my opinion, the week ended with a lot of economic and industry data to digest over the weekend. The on-feed number moved back above 11 million head with expectations of a seasonal tendency to increase placements. With no news on an increase of cattle supplies, or reduction in tariffs, price action is believed solely…
Read More Emergency Relief Livestock Program (ERLP)
By kbondy@heritageinsservices.com |
Enrollment Period: September 15th, 2025 – October 31st 2025. FSA is issuing approximately $1 billion in emergency relief payments to help offset increased supplemental feed costs due to qualifying flood or wildfire. Livestock producers can receive payment for one or both years. Covers grazing losses & supplemental feed costs. Does not include federally managed land. For…
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