Starting in the business in 1992, we deal exclusively with crop insurance products throughout the State of Ohio, and NW Pennsylvania. We also own and operate a beef/grain farm in southern Carroll County, Ohio - to you, that means we can communicate! We suffer or benefit from the same growing seasons and the same volatile markets as everyone. This gives us a thorough understanding and perspective of what the various coverage plans can do for you, and importantly, how the costs/benefits relate to you.
We pride ourselves on keeping our insureds informed with timely and commonsense explanations of their coverage options. Everyone's operation is different, and it takes a special combination of talents to match the available plans and unit structures to your needs. Crop insurance is a necessary tool, but it is a complicated product to properly service.
Samples of our efforts are available in the following pages. Contact us for a phone discussion or to set up an on farm visit. Access to your policy documents and coverage varies from company to company.
We pride ourselves on keeping our insureds informed with timely and commonsense explanations of their coverage options. Everyone's operation is different, and it takes a special combination of talents to match the available plans and unit structures to your needs. Crop insurance is a necessary tool, but it is a complicated product to properly service.
Samples of our efforts are available in the following pages. Contact us for a phone discussion or to set up an on farm visit. Access to your policy documents and coverage varies from company to company.
Services
Coverage Available: YP - a yield only type of coverage - RP - revenue based products.
CAT is the lowest level of YP a 50/55 level where the 50 is the percent of your average production guaranteed, and the 55 is the percent of the set price your loss would be paid at - costs you $300 per crop per county.
Buy-up is available with yield and/or revenue plans from 50% through 85%, with premiums rising accordingly.
Eligibility - Crop insurance is still available to basically everyone, but.
The subsidy amounts which make it affordable, are not available unless you are in "Conservation Compliance" and have a current FSA form 1026 on file.
CAT is the lowest level of YP a 50/55 level where the 50 is the percent of your average production guaranteed, and the 55 is the percent of the set price your loss would be paid at - costs you $300 per crop per county.
Buy-up is available with yield and/or revenue plans from 50% through 85%, with premiums rising accordingly.
Eligibility - Crop insurance is still available to basically everyone, but.
The subsidy amounts which make it affordable, are not available unless you are in "Conservation Compliance" and have a current FSA form 1026 on file.
There are two basic types of coverage - Yield Protection (YP) with a fixed price - or Revenue Protection (RP) which also protects bushel prices.
Both plans have the same base or minimum bushel price which is derived directly from averaging the February close of harvest contracts on the CBOT.
There are private company plans which allow for supplemental pricing using different months to "hopefully" set a higher base price - we haven't found any of those that we'd recommend.
YP - This is strictly a yield guarantee.
Both plans have the same base or minimum bushel price which is derived directly from averaging the February close of harvest contracts on the CBOT.
There are private company plans which allow for supplemental pricing using different months to "hopefully" set a higher base price - we haven't found any of those that we'd recommend.
YP - This is strictly a yield guarantee.
The product protects solely for the lack of rainfall for specific locations - and is based solely on NOAA data for the fields.
Annual sales closing date of 11/15.
You must cover a minimum of two different sets of consecutive months throughout the year.
Covered acreage must be reported by the same CLU (Common Land Unit) standards as other MPCI products.
This CLU data will then be used to determine the exact rainfall grid where the fields exist.
There are multiple options as to how much coverage you can elect and you also have the option to cover only a portion of your insurable forage or pasture acres.
Annual sales closing date of 11/15.
You must cover a minimum of two different sets of consecutive months throughout the year.
Covered acreage must be reported by the same CLU (Common Land Unit) standards as other MPCI products.
This CLU data will then be used to determine the exact rainfall grid where the fields exist.
There are multiple options as to how much coverage you can elect and you also have the option to cover only a portion of your insurable forage or pasture acres.
Reviews
Be the first to review Hamilton Insurance Agency.
Write a Review
