Harvest Prices have been Finalized
By kbondy@heritageinsservices.com |
Most insureds have Revenue Protection on their wheat, which provides a revenue per acre guarantee. The project price or spring price is set in February for September delivery. The spring price for wheat was $8.87 per bushel. To calculate the revenue per acre, you can use the formula: APH X level of coverage X…
Read More Important Dates
By kbondy@heritageinsservices.com |
Full Swing: Small Grains are in full swing of harvest at the moment and I am the first to admit I was wrong! Yields, for the most part, are coming in way higher than anticipated. We had expected low yields across most of the state due to hot weather, and hot blowing wind while the…
Read More Education Opportunities
By kbondy@heritageinsservices.com |
Education Opportunities PLEASE make sure to take advantage of cash hail discounts by 8-15-2023. Please allow time for mailing as payments must be received by the 15th. I am unable to attend either of these events but fill strongly they are going to both be valuable information. So, for those looking to broaden…
Read More Cash Hail Discount
By kbondy@heritageinsservices.com |
Analogies are never enough to explain how fast the summer goes and how short the agricultural window has become! All of our acreage has been reported and we are swiftly processing the reports. The southeast was unfortunate to have ample prevent plant, which they were closely followed by Barnes…
Read More From the President’s Desk: 2/4/23
By kbondy@heritageinsservices.com |
It has been a while since I have sent an update out. I want to take a stab at getting out information on Emergency Relief Program (ERP and the companion Pandemic-related relief (PARP)). In the past we have had great influence and input in Ag policy and ad hoc disaster programs. I still believe we…
Read More From the President’s Desk: 10/19/22
By kbondy@heritageinsservices.com |
MPCI Billing Agri-sompo: There was a programming error in the PCCP (pandemic cover crop program). This is the program that gives each farmer a $5.00 credit on their MPCI billing for planting a cover crop. This has to be reported to FSA then it is data mined by the respective insurance providers. The error in…
Read More From the President’s Desk: 10/11/22
By kbondy@heritageinsservices.com |
ERP Update: To my knowledge all of the ERP payments that were in question have had applications mailed to them for payment. FSA still has a rocky road ahead of them for appeals on either AGI issues or random missing units. I do not have a date for Phase 2 of payments at this time. …
Read More From the President’s Desk: 9/16/2022
By kbondy@heritageinsservices.com |
Fall Planted Crops If you have intentions on seeding and insuring fall seeded crops that include but not limited to Rye, Winter Wheat, Forage. Please call the office immediately, the sales closing deadline for these crops is September 30th. Silage Appraisals Chopping corn for other than intended usage (grain) needs to have an appraisal done…
Read More From the President’s Desk – 9/9/22
By kbondy@heritageinsservices.com |
Spring Price Harvest Price % Difference Spring Wheat $9.19 $8.95 -1.03% Durum Wheat $9.44 $9.19 -1.03% Barley $5.35 $5.61 +4.86% As small grain harvest is wrapping up across the region, we have seen some tremendous yields and of course some disappointing yields. The usual culprits are lack of rain, too much early heat, compaction issues,…
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