National Crop Insurance Services

 

CropSh@re #44 // September 7, 2018

Welcome to the latest edition of Crop Sh@re, the social media newsletter of National Crop Insurance Services.

 

 

Facebook/Instagram

• ICYMI: “Farmers don’t want a payout from the crop insurance. They want to produce an amazing crop and get paid for it." Bryan Bock, Northwest Farm Credit Services http://bit.ly/2OQqyS1

• Crop insurance protects 17.6 million acres in Minnesota http://bit.ly/2ON7FjW

• What is the Standard Reinsurance Agreement (SRA)? http://bit.ly/2DnQu6r

• Farmers paid $133.4 million for crop insurance coverage in Missouri  http://bit.ly/2ORoXvz

• Crop insurance protects 9 million acres in Montana http://bit.ly/2Ms2WXe

• What are Administrative & Operating (A&O) Payments in crop insurance? http://bit.ly/2BZYu85

• “From the standpoint of the taxpayer, Federal Crop Insurance represents a good return on investment." James C. Musser Musser, Thomas Jefferson Institute for Public Policy http://bit.ly/2N0eZra

• "Crop insurance works well because it is a tool available to farmers of all sizes in all geographic regions." Bill Pearson, Iowa http://bit.ly/2BtTUUJ

• Nebraska's crops contribute $22.6 billion to the economy http://bit.ly/2PiSUpj

• "The tools that help farmers stay viable from year to year … allow consumers to get what they need." Zach Hunnicutt, Nebraska http://bit.ly/2BsZSoB

 

RCIS Online Payment Option
Coming Soon: Online payments for producers

WHAT’S HAPPENING:

RCIS policyholders will soon have the option to make payments online, rather than mailing a check to RCIS for crop insurance payments.

RCIS is releasing the new service for tech-savvy farmers and ranchers. RCIS agents will have visibility to their customers' online payment information.

Policyholders will have two options to make secured payments online:

  • RCIS.com website
  • RCIS.com for Producers website (portal) 

Payments will post sooner than if mailed to RCIS.

The new service is part of an ongoing effort by RCIS to deliver industry-leading tools to help its agents and policyholders. Online payments will help speed up the payment process, reduce manual processing and save postage.

ACTION REQUIRED:

  • If you would be interested in online payments. A video about the new service can be found here.
  • Watch for a message soon announcing that the service will be available to all RCIS policyholders on September 1. 
QUESTIONS:

RCIS Technical Assistance Center (TAC) 1-888-323-2137 Technical Support: Option 1: password, 2: agents, 3: team members

Farm Policy Facts

Social Spotlight: Crop Insurance Essential Strengths

 

The ongoing Farm Bill debate is sure to feature serious policy discussions about the benefits of crop insurance.

The fact is, crop insurance has become the cornerstone of the American farm safety net. But explaining why it has become the cornerstone can be difficult, especially if your audience is not familiar with crop insurance.

National Crop Insurance Services has a great resource to help you explain the “why” with 12 essential strengths in easy to understand and brief language with ready-to-go shareable social media graphics.

Check it out at cropinsuranceinamerica.org/about-crop-insurance/why-its-essential

 

• USDA: Farmers Face Unrivaled Income Volatility //bit.ly/2rC6Lgd

• Crop Insurance Must be Protected in Upcoming Farm Bill //bit.ly/2wydqgj

• New Crop Insurance Study Provides Valuable Farm Bill Insight //bit.ly/2rCZ0pp

• Washington’s agriculture industry contributed more than $11.4 billion to the state’s economy. //bit.ly/2IekG2i

• “With crop insurance at least you know your worst case scenario." Todd Snider, California. //bit.ly/2mSMY9P

• West Virginia ranks 10th for apple production //bit.ly/2rBav1f

• What are Administrative & Operating (A&O) Payments? //bit.ly/2BZYu85

• “Crop insurance, for me, not only proved to be essential, it’s the reason I’m in business today.” John Michael Pillow, Mississippi //bit.ly/2IaN9Ka

• Over 99 percent of Wisconsin’s farms are family-owned //bit.ly/2Kftm95

• Who are Approved Insurance Providers (AIPs)? //bit.ly/2GTD7ck


 
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We at Williamson Insurance are pleased to announce the 1st release of Decision Maxx. Decision Maxx is our on-line tool designed exclusively to aid you, our clients, analyze: crop insurance, inputs, market prices, and market positions and it's affect on your bottom line. Contact your agent to help set up your FREE account. Williamson Insurance is committed to your success.

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DecisionMaxx

Commentary
Corn Market Commentary -

Corn futures ended the Thursday session with nearby contracts 6 to 6 3/4 cents higher. USDA reported a private export sale of 160,020 MT of corn to

Cotton Market Commentary -

Cotton futures settled with 11 to 53 point losses on Thursday, despite a sharply lower US dollar index. This morning’s Export Sales report

Lean Hogs Market Commentary -

Lean hog futures closed with the front months up 37.5 cents to $1.25 on Thursday and deferred contracts lower. The CME Lean Hog Index was up $1.41

Cattle Market Commentary -

Live cattle futures ended Thursday with most contracts steady to 65 cents in the red. Feeder cattle futures were down 10 to 60 cents, with nearby

Wheat Market Commentary -

Wheat futures saw steady to 2 1/4 cent gains in most contracts on Thursday, with a couple KC and MPLS contracts fractionally lower. Weakness in the

Soybeans Market Commentary -

Soybean futures posted gains of 19 to 20 1/4 cents in the front months on Thursday, supported by short covering and good export numbers. A Bloomberg

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