It’s essential to stay informed about your crop insurance options. With changes in coverage, it’s the perfect time to review your policies and explore additional protection. Two important options you can consider for your spring and fall crops: Supplemental Coverage Option (SCO) and Enhanced Coverage Option (ECO).
Have you set up your account in our online program, AgencyRoot, yet? You can access your insurance coverage info and rainfall data quickly and easily on your own. There’s even an app for your phone for PRF policy, to make it even easier. Call our office today, and we’ll help you get set up if you aren’t already.
Ask us about carbon credits! We may be able to help you get a greater return per acre without doing anything differently.
Mark Rosengrants is the co-founder of Plains Insurance. He was born and raised in Baca County, Colorado, the flagship location of Plains, where his extensive farm and ranch background began. With experience in accounting and finance away from Southeastern Colorado, he eventually chose to pick up where he left off, returning to his roots in farming and ranching back home on the plains. Though he’s added to his depth of knowledge, including real estate and entrepreneurship, learning and growing in agribusiness will always have his heart. On any given day, you’ll find him in one of his favorite places—his ranches in Colorado and Arizona, or behind a book, learning something new to help his customers.
A: It’s a great way to protect against black swan events and factors that make the cattle market volatile, like mad cow disease, drought, feed shortages, and global demand. LRP provides a safety net when the cattle market declines below the insured amount. The 35% subsidy offsets any financial burden, offering further stability during positive market shifts. From an agribusiness perspective, LRP allows me to set a market minimum, creating a more consistent cash flow. If market values are greater than the insured value, that’s ideal—more cash flow, even while accounting for the subsidized premium. It’s a no-brainer!
