MANAGING RISK BEING PREPARED
MORE THAN A SAFETY NET
Benefits of Crop-Hail and Multiple Peril Crop Insurance
- It can improve profits in good years.
You can become a more aggressive marketer when you know you have a guaranteed minimum yield.
- You can take it to the bank
Insurance can help you avoid the need for an emergency line of credit in a year. It can also provide your lender with collateral that can help minimize your assets (machinery and real estate).
- It can put your money to work. You will have less need for liquid cash reserves.
- It can protect your family.
Financial interruptions to their plans and life style due to crop losses can be avoided.
- It can keep your plans on track.
Keeping your long term plans on track increases your credit worthiness in t community.
- It can take the place of shrinking government programs.
- It can help your community.
When your income is stabilized in bad crop years and maximized in good y the economy of your community is strengthened.
- It can give you peace of mind. How much is that worth?
EVERYONE HAS CROP INSURANCE !?
That's right, everyone has crop insurance, even those who don't have a crop insurance policy. Choosing not to buy insurance is called self-insurance. With self-insurance the producer elects to put 100 percent of the risk of any crop losses on himself and his family. Risk management specialists around the country agree that self-insurance is a high-risk proposition. All practical forms of crop insurance are based on transferring a portion of your production risks to an insurance company and/or the Federal government in exchange for a premium. You have several choices of crop insurance policies that offer different ways of protecting your investment.