Added Price Option

Looking for an Added Price Option plan in Seward?

We’ve got you covered.

At Suhr & Lichty Insurance Agency we realize that farming is the backbone of our country, and no matter how large or small your farming operation is, we have the expertise to help properly insure your business.

Being independent, we have partnered with the best crop insurance company in Nebraska. This is important because crop insurance costs are the same no matter what crop insurance provider you are with.

This means we have the flexibility to truly find you the best possible product at the best price.

Added Price Option (APO) can help simplify your crop insurance decision making, because it’s easy to increase your bushel price without the guesswork of determining a specific price projection month.

What is a Added Price Option?

The additional price option is a supplemental product to your traditional multi-peril crop insurance policy. It allows you to increase the insured value on your corn and soybean crops. Primarily it is used to add to your insured value per bushel, in case of a yield loss.

How Added Price Option works

An APO policy can offer these advantages:

  • Select a price election within a range over your current
    federal crop insurance projected price and get paid
    when bushels fall short of your yield guarantee.
  • You have the option of locking in a bushel per acre
    price election higher than the federal crop insurance
    projected price.
  • Losses are paid on an optional or basic unit, depending
    on how units are structured under the federal coverage.
  • Losses will be paid on an optional or basic unit basis
    even if you choose the enterprise unit option on your
    federal crop insurance policy. There is no limit on the
    number of optional or basic units on APO.
  • APO allows you to get a yield loss indemnity payment
    even if harvest price is higher than projected price.
  • Supplement federal crop insurance coverage to help
    cover input costs in the event of a yield loss.

How much does a Added Price Option plan cost?

The cost of an added price option plan depends greatly on the type and price election of coverages you specifically need.

The good news is that we can provide a quote easily based off of your multi-peril crop insurance.

When can I buy an Added Price Option Plan?

Added Price Option has to be purchased along with your multi-peril crop insurance, therefore it has a March 15 sales closing date.

How to get started on your Added Price Option quote

To get started on your quote, call our office or click over to our quotes page. Either way we’ll make the process simple!

Request Your Proposal Here

Are you ready to save time, aggravation, and money? The team at Suhr & Lichty is here and ready to make the process as painless as possible. We look forward to meeting you!

Call Text Email Payments

×

Are you ready for Harvest? Register for the Crop Insurance Pre-Harvest Claim Compliance Seminar for Farmers. In-Person & Virtual Options Available. Register Here
×

Schedule an Appointment


Skip to content