Privett Risk Services

02/12/2025

ENHANCED COVERAGE OPTION FOR 2025

Farmers may wish to consider the Enhanced Coverage Option (ECO), a county-level crop insurance product, because its premium in 2025 is lower than in 2024 and because Revenue Protection (RP) will likely cover less of the 2025 cost of production. Note, however, that many counties would not have had payments exceeding farmer-paid premiums from 2015 to 2023, even with the increased subsidy rate. A couple of approaches to consider:

- Farmers may wish to use ECO without purchasing SCO. This strategy would 1) avoid the premium costs of SCO while 2) preserve the option to use ARC-CO as the commodity title choice.

- Farmers can use the protection level to lower the premium costs of ECO. Lowering the protection level will also lower the payments when they occur. Note that using a lower protection level does not alter the likelihood of receiving payment. Nor will it change the long-term relative relationship between premiums and payments.

Read more: https://farmdocdaily.illinois.edu/2025/02/enhanced-coverage-option-for-2025.html

12/09/2024

December 10th is the end of the Insurance period for spring crops. If you happen to have crops still in the field or have a claim due to an insurable cause of loss, you need to notify your agent by tomorrow for a claim to be submitted.

12/09/2024

Crop loan season is here. I have the ability to help you with the decisions for the 2025 crop season and how to protect the ever increasing input outlay it takes to farm an acre of land.

08/21/2024

How the USDA sees the crop 🌽 🌽 🌽

04/04/2024

With 2024 crop season in full swing, don't let a storm sneak up on you. Crop hail rates are available for most all Major Crop Insurance companies. I'd be honored to quote your Crop Hail and Wind quotes! Licensed in All surrounding States and with agents covering more.

10/06/2021

Big news coming from Privett Risk Services in the up coming days, God bless and pray for the grace.

08/02/2021

https://www.agweb.com/opinion/proposed-transfer-tax-can-be-much-worse-most-farmers-estate-tax

The Proposed Transfer Tax can actually eliminate net equity for many farm families and cause their heirs to be underwater. It can be much worse than the current or proposed estate tax for most farmers.

02/27/2021

Tomorrow is the last day to Sign up for MPCI crop insurance. If you have utilized the FSA programs, many of you will be required to have a Minimum of a 60% MPCI policy, CAT and/or Crop hail will not qualify. Give me a call if you need some help.

02/26/2021

Crop hail rates are in for Arkansas, Corn Wind(Green snap included) and Extra Harvest Expense, looks to be very competitive between most AIP's. I sell them all, give me a shout and we'll find what is right for you!

02/16/2021

Crop insurance prices are set for 2021 Arkansas: Soybeans $11.60, Corn $4.48, Cotton $.80, Rice (LG) .127 # or $5.715 per Bu, (MG) .166 # 7.47 per bushel, peanuts (Runners) .21 per pound. Or $420 per Ton. From Bryan Privett Premier Crop Insurance

01/28/2021

Crop insurance sales closing date is fast approaching, with the changes taking place for 2021, you need someone who understands how Crop insurance and your financial future are intertwined. Call me to set up a time. 501-557-3430.