Looking for Yield Protection Crop Insurance 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.
What is Yield Protection?
The Yield Protection plan is very similar to the APH plan, but is only available on crops that are eligible for Revenue Protection. The Yield Protection plan of insurance provides protection against a loss of production.
It works the same as the APH plan but instead of using a price election established by RMA, the price is established according to the applicable board of trade/exchange as defined in the policy document called the Commodity Exchange Price Provisions (CEPP). The price that is used is called the Projected Price. The Projected Price is used to calculate the guarantee, premium and loss payments.
The guarantee is established by multiplying the average yield by the coverage level and by the Projected Price, and an indemnity may be due when the value of the production to count is less than the yield protection guarantee plan.
How can Yield Protection help you?
Yield Protection (YP) provides coverage to protect against loss of production caused by low yields. This crop insurance policy is a valuable risk management tool, but does not offer the broadest coverage when compared to a Revenue Protection Plan.
How much does Yield Protection Insurance cost?
The cost of yield protection insurance depends greatly on the type and amount of coverages you specifically need.
The good news is that, crop insurance pricing is the same for every company. Therefore the only cost differences are in choosing the right plan. Here at Suhr & Lichty Insurance we would be glad to develop a comprehensive risk management plan.
If you need assistance with your crop insurance, we’re the only number you need. A good crop insurance insurance company does much more than give you a free hat or calendar!