Crop Insurance

We believe in education and clear communication that helps you make knowledge-based decisions.

To have a business relationship, we need to understand your individual needs. In order to accomplish this, we believe education is the key to communication with our crop producers, so they can make knowledge-based decisions. Dick began in 1982 representing the Federal Crop Insurance Program. Today, this venture has grown to a well-rounded business, serving customers in Nebraska – Phelps, Harlan, Furnas, Gosper, Franklin, Kearney, Dawson, Frontier and Webster counties, and also branches out to customers located in Colorado and Kansas. The federal crop program changes regularly, and we are here to help you understand the best coverage available for your situation.

We know your marketing plan and crop insurance go hand in hand. General Service Agency, Inc. does not sell, nor have interest in, getting into the marketing business. However, knowing how important marketing is, we want to inform you of what options are available.

We encourage you to give Ag West a call or check out their website to find out what they can do for you.

Multi Peril

YP stand for Yield Protection. It protects only against production loss for crops, due to covered perils. It ranges anywhere from 50-85% protection level.

Guarantee = APH x Level

RP stands for Revenue Protection. It protects from Revenue Loss due to decline in price or production loss, due to covered perils. It ranges anywhere from 50-80% protection level.

Guarantee = APH x Level x the higher of projected or harvest price.

Common perils include Drought, Flood, Wildlife, Hail, Wind, Irrigation Failure, & Naturally Occurring Fire.

Your Agents: Dick & Judy Turner, Mark Fritson, Christa Fritson, Roger Losey

Hail

Coverage Above Your Multi-Peril Guarantee

Crop Hail insures against the following perils:

  • Hail
  • Fire & Lightening
  • Transit Coverage
  • Fire Department Service Charge
  • Vandalism
  • Stored Grain

Popular Plans

Companion Hail provides coverage per acre not to exceed specified limits per crop in practice. It can be written with increasing payment factors 2, 2.5, 2+, 3 & 4. Deductibles can be selected from 5, 10 & 15%.

Payable loss = adjusted loss – deductible x payment factor

100% = 60% – 10% x 2

Production Hail

Production Hail – plan is based on production of crop. Losses will not be paid until crop is harvested. Insured will receive the lesser of: Production loss or adjusted loss at the time of hail. Can increase production guarantee in 5% increments up to 120% of APH. Price can be adjusted in 5% increments from 50-100% to adjust dollars in coverage. This product is not available on grain sorghum.

Wind/greensnap is available on corn. This product protects against damage by wind. Stocks must break off to count as greensnap loss while wind coverage protects against bent or leaning damage as well as broken stalks. Additional premium of 25% of basic rate for greensnap and 50% of basic rate for wind.

Field Grain fire is coverage against mechanical or man made fire. This is added in dollars per acre at a premium of $0.20 per $100 of coverage. Premium must be paid at time of application and coverage ends when crop is harvested.

Coverage binds within two hours of submitted application or 12:00 AM of the day following application.

Your Agents: Dick & Judy Turner, Mark Fritson, Christa Fritson, Roger Losey

Pasture, Rangeland, and Forage

Protect your perennial haying and grazing land from lack of rainfall by buying PRF.

Coverage levels range from 70-90% and coverage can be increased by adjusting the production factor up to 150%. Two or more intervals must be selected to measure rainfall but may not overlap. Each interval is a 2 month time period. Acres may be divided between intervals depending upon the importance of that interval to production.

Insured can decide whether or not to insure grazing ground, hay ground or both.

Coverage areas are contained by a 12 mile by 12 mile grid.

DISCLAIMER: Rainfall index coverage is broad based coverage, dependent on rainfall collecting stations in or near the 12×12 grid. It is not dependent on the policy holder’s actual rainfall. All acres that are used for grazing must be insured in the covered county. Acres must be under the use of the insured and not leased to another party for grazing.

Your Agents: Dick & Judy Turner, Mark Fritson, Christa Fritson, Roger Losey

Revenue Base & Harvest Prices

2019 Prices

Nebraska/Kansas/Colorado CORN
Base: $4.00
Harvest: $TBD

Nebraska/Kansas/Colorado SOYBEANS
Base: $9.54
Harvest: $TBD

Nebraska/Kansas/Colorado MILO
Base: $3.94
Harvest: $TBD

Nebraska/Colorado WHEAT
Base: $5.84
Harvest: $TBD

Kansas WHEAT
Base: $5.74
Harvest: $4.63

2018 Prices

Nebraska/Kansas/Colorado CORN
Base: $3.96
Harvest: $3.68

Nebraska/Kansas/Colorado SOYBEANS
Base: $10.16
Harvest: $8.61

Nebraska/Kansas/Colorado MILO
Base: $3.83
Harvest: $3.56

Nebraska/Colorado WHEAT
Base: $5.08
Harvest: $5.06

Kansas WHEAT
Base: $4.87
Harvest: $5.07

2017 Prices

Nebraska/Kansas/Colorado CORN
Base: $3.96
Harvest: $3.49

Nebraska/Kansas/Colorado SOYBEANS
Base: $10.19
Harvest: $9.75

Nebraska/Kansas/Colorado MILO
Base: $3.83
Harvest: $3.37

Nebraska/Colorado WHEAT
Base: $4.74
Harvest: $5.14

Kansas WHEAT
Base: $4.59
Harvest: $4.59

2016 Prices

Nebraska/Kansas/Colorado CORN
Base: $3.86
Harvest: $3.49

Nebraska/Kansas/Colorado SOYBEANS
Base: $8.85
Harvest: $9.75

Nebraska/Kansas/Colorado MILO
Base: $3.72
Harvest: $3.37

Nebraska/Colorado WHEAT
Base: $5.34
Harvest: $4.15

Kansas WHEAT
Base: $5.20
Harvest: $4.50

2015 Prices

Nebraska/Kansas/Colorado CORN
Base: $4.15
Harvest: $3.83

Nebraska/Kansas/Colorado SOYBEANS
Base: $9.73
Harvest: $8.91

Nebraska/Kansas/Colorado MILO
Base: $3.99
Harvest: $3.68

Nebraska WHEAT
Base: $6.41
Harvest: $5.43

Kansas WHEAT
Base: $6.30
Harvest: $5.31

2014 Prices

Nebraska/Kansas/Colorado CORN
Base: $4.62
Harvest: $3.49

Nebraska/Kansas/Colorado SOYBEANS
Base: $11.36
Harvest: $9.65

Nebraska/Kansas/Colorado MILO
Base: $4.46
Harvest: $3.37

Nebraska WHEAT
Base: $7.11
Harvest: $6.43

Kansas WHEAT
Base: $7.02
Harvest: $7.17

2013 Prices

Nebraska/Kansas/Colorado CORN
Base: $5.65
Harvest $4.39

Nebraska/Kansas/Colorado SOYBEANS
Base: $12.87
Harvest: $12.87

Nebraska/Kansas/Colorado MILO
Base: $5.53
Harvest: $4.30

Crop Definitions

APH: Actual production history.

CUP: The approved yield for a current yield cannot decrease more than 10% below the prior year’s approved yield for database.

FLOOR: The lowest approved yield allowed cannot be less than 75% of the county T-yield.

YA: Yield adjustment option: will plug actual yields that are below 60% of the county T-yield with 60% of the county T-yield.

BU: Basic Unit includes all insurable acreage of an insured crop in a county by share arrangement. This unit will not be separated by irrigation practice unless each practice has a different share. (Best for small operations with few fields.)

OU: Optional units are basic units divided by section and irrigation practice. These allow each section to be considered separately so that each loss stands alone.

EU: Enterprise Units are all insurable acres of an insured crop planted in a county regardless of share or irrigation practice. All acres of a crop are one unit. This is a big picture unit type. If one field surpasses the guarantee and one suffers a loss, the surplus of one may counterbalance the loss of the other, resulting in no payable loss.

Summer Fallow: Land must lay fallow an entire year. If wheat was harvested in June of 2012, a crop may not be planted on that ground again until the fall of 2013 for the 2014 crop to be considered summer fallow. All other plant growth must be terminated by June of 2013, either mechanically or chemically.

New break: If the insured breaks out acres from pasture or non-cropped ground to create new farm ground, they will not be insurable if they exceed 5% of the unit. If new breaking acres exceed 5%, a written agreement should be filed before sales-closing date, for the applicable crop to obtain coverage for the first crop year of new ground. Failure to obtain a written agreement will result in coverage not being available until a crop has been successfully planted and harvested on the new ground, or obtaining a written agreement for the next crop year. Different rules apply for land coming out of CRP.

Dates & Deadlines

Wheat

Sales Closing: 9/30
Production Reporting: 11/14
Acreage reporting: 11/15 (NE) 12/15 (KS)

Final Plant Dates

10/10 – Buffalo and Dawson Co. NE
10/15 – Franklin, Furnas, Gosper, Harlan, Kearney, Lancaster, Phelps Co. NE
10/20 – Graham, Norton, Phillips, Rooks, Smith Co. KS

Late Planting Period of 15 days, 1% loss of coverage per day after final planting date.

PRF

Sales Closing: 11/15
Acreage Reporting: 11/15

Spring Crops

Sales Closing: 3/15
Production Reporting: 4/30
Acreage Reporting: 7/15

Final Plant Dates

Corn

5/25 All Counties NE & KS (Earliest Plant Date: 4/5: Osborne, Phillips, Rooks & Smith; 4/10: All other counties NE & KS)
Late planting period of 20 days, 1% loss of coverage per day

Soybean

6/10 – All NE Counties (Earliest plant date: 4/25)
6/15 – All KS Counties (Earliest plant date: 4/26)
Late Planting Period of 25 Days. 1% loss of coverage per day.

Grain Sorghum

6/15 – All NE Counties (Earliest plant date: 4/16)
6/25 – All KS Counties (Earliest plant date: 4/26)

General Service Agency

General Service Agency was founded in 1964 to serve the Phelps County Area with the firm belief that our faith in God gives us the strength to face tomorrow.

From our faith flows excellence in our knowledge of the insurance industry and strength of relationships with our friends.

© GSA Insurance