For over 30 years Southern Crop Insurance has been helping American Farmers with their Risk Management needs. Southern Crop was founded in the early 1980's by Lowell Shortes, and was a pioneer in the development of software for crop insurance. In 1986, Nickey Smith became head of the agency, continuing sales and services to the area farmers while programming software for the crop insurance industry.
Nickey believed long-term business relationships with our customers allow us to deliver a consistency of service unmatched in our industry. Today, Southern Crop Insurance still operates under the same principles of integrity and loyalty that we have always employed in the past. We believe that personal customer service is very important; as such our clients receive one on one attention and are not just another number.
We believe in our farmers, and together, any obstacle can be overcome. Southern Crop Insurance is dedicated to providing the best service in the crop insurance industry. We strive to provide the agriculture community with service-oriented, risk management solutions.
Nickey believed long-term business relationships with our customers allow us to deliver a consistency of service unmatched in our industry. Today, Southern Crop Insurance still operates under the same principles of integrity and loyalty that we have always employed in the past. We believe that personal customer service is very important; as such our clients receive one on one attention and are not just another number.
We believe in our farmers, and together, any obstacle can be overcome. Southern Crop Insurance is dedicated to providing the best service in the crop insurance industry. We strive to provide the agriculture community with service-oriented, risk management solutions.
Services
Yield Protection is very similar to the Actual Production History (APH) policy in that it insures producers against a loss in yield due to an insurable cause of loss.
The main difference between the 2 policies is the price used to determine the value of the crop.
APH uses a price established by RMA while YP uses a price that is established by averaging a futures contract price from a board of trade over a given period of time known as the "Discovery Period".
This price is called the "Projected Price" and the parameters outlining the futures contract, board of trade and discovery period can be found in the Commodity Exchange Price Provisions (CEPP).
The main difference between the 2 policies is the price used to determine the value of the crop.
APH uses a price established by RMA while YP uses a price that is established by averaging a futures contract price from a board of trade over a given period of time known as the "Discovery Period".
This price is called the "Projected Price" and the parameters outlining the futures contract, board of trade and discovery period can be found in the Commodity Exchange Price Provisions (CEPP).
The Rainfall and Vegetation Index plans of insurance are designed as risk management tools to insure against declines in an index in a designated area called a grid.
They are primarily intended for use by producers whose crop production tends to follow the average precipitation or vegetation patterns for the grid.
It is possible for you to have low crop production on the acreage that you insure and still not receive a payment under these plans.
Because the program is designed for producers whose crop production tends to follow average patterns and not individual crop production, you should review the historical indices, additional tools, and information provided to determine if these programs are suitable for your risk management needs.
They are primarily intended for use by producers whose crop production tends to follow the average precipitation or vegetation patterns for the grid.
It is possible for you to have low crop production on the acreage that you insure and still not receive a payment under these plans.
Because the program is designed for producers whose crop production tends to follow average patterns and not individual crop production, you should review the historical indices, additional tools, and information provided to determine if these programs are suitable for your risk management needs.
The Stacked Income Protection Plan (STAX) is a new crop insurance product for upland cotton that provides coverage for a portion of the expected revenue for your area.
Most often your area will be your county, but it may include other counties or even practices as necessary to obtain a credible amount of data to establish an expected yield and premium rate.
STAX may be purchased on its own, or in conjunction with another policy - including Yield Protection, Revenue Protection, Revenue Protection with the Harvest Price Exclusion, and any of the Area Risk Protection Insurance policies.
Most often your area will be your county, but it may include other counties or even practices as necessary to obtain a credible amount of data to establish an expected yield and premium rate.
STAX may be purchased on its own, or in conjunction with another policy - including Yield Protection, Revenue Protection, Revenue Protection with the Harvest Price Exclusion, and any of the Area Risk Protection Insurance policies.
Seed Cotton (SC) is designated as a covered commodity eligible for Title I ARC and PLC programs in the 2014 Farm Bill beginning with the 2018 crop year.
Seed Cotton refers to unginned upland cotton that includes both lint and cottonseed.
Seed Cotton MYA Price is a weighted average of the upland cotton lint price and the cottonseed price.
Upland Cotton Lint Payment Yield = Higher of current CCP lint yield or updated lint yield.
Seed Cotton Base Acres will only be established through the conversion of generic base acres.
Seed Cotton refers to unginned upland cotton that includes both lint and cottonseed.
Seed Cotton MYA Price is a weighted average of the upland cotton lint price and the cottonseed price.
Upland Cotton Lint Payment Yield = Higher of current CCP lint yield or updated lint yield.
Seed Cotton Base Acres will only be established through the conversion of generic base acres.
The insurance products offered through Southern Crop Insurance may not include all available products and may not be offered in all states.
Southern Crop Insurance is an equal opportunity business/enterprise and prohibits discrimination on the basis of race, color, national origin, sex, religion, disability, political beliefs, and marital or familial status with respect to its employees, clients and prospective clients.
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or part of an individual's income is derived from any public assistance program.
Southern Crop Insurance is an equal opportunity business/enterprise and prohibits discrimination on the basis of race, color, national origin, sex, religion, disability, political beliefs, and marital or familial status with respect to its employees, clients and prospective clients.
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or part of an individual's income is derived from any public assistance program.
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