Located in Jackson, Minnesota, Phillips Agency, Inc., specializes in providing Crop Insurance and Risk Management Services to producers in southern Minnesota, northern Iowa and eastern South Dakota. We look forward to getting to know you and your operation ... and then helping you determine your Crop Insurance and Risk Management needs.
Beginning with the 2012 crop year, farmers purchasing crop insurance for corn and soybeans in selected states will have the option to use the Trend-Adjusted Actual Production History (TA-APH) Yield Endorsement. The TA-APH yield endorsement allows farmers to increase yields used in calculating crop insurance guarantees.
Because APH yields lag expected yields, guarantees will also lag. The TA-APH endorsement corrects this issue by allowing a trend adjustment to be added to the APH yield. The resulting TA-APH yield then is used in calculating guarantees.
TA-APH endorsement causes the yield used in guarantee calculation to more accurately reflect actual production. In addition, the TA-APH yield endorsement eliminates penalties for long yield histories, as yields in the past are updated to reflect current yields.
Utilizing TA-APH may or may not be appropriate for your operation depending on guarantee selection and additional hail coverage selections. Your agent will have Trend and APH data for all your corn and soybeans units to review with you before making a decision on your MPCI and Hail Coverage levels.
We will be contacting producers when we have some price indications (see below) to start reviewing your options and determining the best fit for your operation. Please feel free to contact your agent or give the office a call to set up an appointment.
The average price of December 2012 corn traded in February on the Chicago Board of Trade is used to calculate the Spring Base Price for multi peril crop insurance policies. The average price of November 2012 soybeans traded in February on the Chicago Board of Trade is used to calculate the Spring Base Price for multi peril crop insurance policies.
We will be updating the running average closing price for both commodities below for your convenience:
Close Date
Corn Average
Soybean Average
February 8
$ 5.78
$12.33
Remember, you can reach us at 507-847-4433 or 866-450-4433 or stop and see us at 715 3rd Street in Jackson, MN.You can also contact us at our e-mail address:
