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Our goal at Eckersell Group Inc. is to provide each of our clients with a
customized solution to fit their needs. We pride ourselves on professional
service at a personal level. You can expect an escalated level of service from
our agents at EGI.
Now more than ever the services that we offer are
critical for success in the agricultural industry.
With all crop insurance policies now being sold and serviced by private companies, all farmers
should have a professional agent to assist them in making the best risk
management decision. Independent agents are committed to providing the highest
level of risk management service to producers. The public-private partnership
that delivers the Federal crop insurance program is one of the nation's most
successful.
Changes in national farm policy mean that farmers must
assume more of their own farming risk. Shrinking profit margins and increasing
risks are leading more farmers to pass their risk to their private insurance
company. Crop insurance is a farmer's best remaining safety net that can be
tailored to fit his own risk management needs.
The Agricultural Risk Protection Act of 2000 dramatically increases subsidies for crop insurance
across the board, but most significantly at the high end. Those increased
subsidies mean that more meaningful levels of coverage are now more affordable
than ever before. For instance, a farmer who bought a policy under the old law
to protect 75 percent of his yield paid 76 percent of the premium. Now that same
farmer will pay only 45 percent of the premium, a 31 percent
savings.
| CAT |
100% |
100% |
| 50% |
50% |
67% |
| 55% |
46% |
64% |
| 60% |
37.8% |
64% |
| 65% |
41.7% |
59% |
| 70% |
31.9% |
59% |
| 75% |
23.5% |
55% |
| 80% |
17.3% |
48% |
| 85% |
13% |
38% |
Clearly, Congress is hoping that this significant
increase in premium subsidies will encourage America's farmers to get more
meaningful levels of crop insurance protection.
Successful producers are learning that if their operation is to be more profitable, that profit must come
from the market. Crop insurance can be one of your best tools, whether to
provide income in times of crop loss or to secure inventory when forward
contracting. Your professional EGI agent is one of the best resources in
helping evaluate your risk management needs. The variety of crop insurance
products available today offer the right safety net for each farmer's operation.
Your EGI agent will take the time to help you understand all of your options and
choose the one that is right for
you.
Benefits
- Insures your assets
- Source of guaranteed income if there is a crop loss
- Premium subsidized by the government
- Uses your own farm's yield history to establish guarantees
- Loan collateral improves borrowing power
- Prevented Planting and Late Planting Provisions
- Protects your investments
- Preserves your savings
- An investment in the future of your farm
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