Mother Nature is unpredictable but securing your financial future doesn’t have to be. Take your farm insurance to the next level by linking it with marketing analysis, advice, crop and livestock insurance sold by licensed and certified professionals.
Crop Insurance
Buying crop insurance is just one risk management option. But finding the right crop insurance policy for you can be confusing. We offer several policies to provide varying degrees of protection. The risk management specialists at Commstock can guide you in choosing the right policy that fits your marketing plan.
Multi-Peril Crop Insurance Products
- Revenue Protection (RP) A multi-peril crop insurance product that is based on the Board of Trade prices and provides protection against production loss by low prices, low yields, or a combination of both. The insurance protection price is the greater of the projected price (Spring) and the Harvest price.
- Revenue Protection with Harvest Price Exclusion (RPHPE) A multi-peril crop insurance product that is the same as the Revenue Protection (RP) product except the insurance price is based on the projected (Spring) price only.
- Yield Protection (YP) A multi-peril crop insurance product that provides protection against a loss due to nearly all natural disasters. This plan guarantees a yield based on an individual producer’s actual production history (APH)
Crop Hail Insurance Products
Commstock writes policies with Farmers Mutual Hail, Heartland, Hudson, and QBE NAU. Making the transition to our company a breeze. We tailor our policies to meet the needs of our clients. Here’s some of the options available:
- Full Coverage Policies A policy that gives the insured a payment that equals the percent of loss multiplied by the insured value per acre.
- Deductible Policies A policy that does not issue payments until the loss exceeds a set percentage.
- Companion Policies A policy that requires the loss to exceed a set percentage. Once the loss exceeds the set percentage, then that percent is subtracted from the loss and multiplied by a factor of 2, 2.5, or 3, depending on the policy type.
- Production Plan A policy that pays based on the percent of damage a crop sustains and takes into account total harvested production. Final loss calculation is after final production is known.
Livestock Risk Protection
We help producers leverage USDA livestock insurance programs as apart of their larger marketing strategy. This allows producers to protect revenue while maintaining opportunities for upside potential. We can help customize risk protection for live cattle, feeder cattle and swine. Insurance coverage allows you to protect against adverse changes in the marketplace while managing your financial performance.
| Fed Cattle | Feeder Cattle | Swine |
|---|---|---|
| Available in all 50 states throughout the year | Available in all 50 states throughout the year | Available in all 50 states throughout the year |
| Producers can insure up to 12,000 head per endorsement / limit 25,000 per crop year | Producers can insure up to 12,000 head per endorsement / limit 25,000 per crop year | Producers can insure up to 70,000 head per endorsement / limit 750,000 per crop year |
| Premium is subsidized between 35%-50% depending on coverage level | Premium is subsidized between 35%-50% depending on coverage level | Premium is subsidized between 35%-50% depending on coverage level |
| Premium may be paid at the end of the endorsement period | Premium may be paid at the end of the endorsement period | Premium may be paid at the end of the endorsement period |
| Insurance periods ranging from 13 weeks to 52 weeks | Insurance periods ranging from 13 weeks to 52 weeks | Insurance periods ranging from 13 weeks to 52 weeks |
| Settled to CME national cash price index | Settled to CME national cash price index | Settled to price as reported by Agricultural Marketing Service (AMS) |
Click this link for LRP quote page through the RMA: https://public.rma.usda.gov/livestockreports/LRPReport.aspx
Commstock Investments is an equal opportunity provider and prohibits discriminations in all its programs and activities.
For a free quote on crop and livestock revenue protection insurance, please contact us!
207 Main St · PO Box 229 · Royal, IA 51357