Silveus Insurance Group Inc. services

This plan of insurance provides protection against a loss of revenue or loss of yield in a county.  ARPI provides flexibility in the data source used for establishing yields and requires production reporting requirements for producers enrolled in area-based plans of insurance.  Producers may select from three plan options to personalize their policy.  If the final county yield or final county revenue falls below the trigger yield or trigger revenue, an indemnity is paid. Area plans include ARP, ARP-HPE (excludes harvest price), and AYP (yield protection based on the county/area).

This program provides protection against revenue loss due to a decline in both crop prices and yields.  Producers may select from a variety of coverage levels to personalize their policy.  If the actual yield falls below the yield guarantee or if the actual revenue falls below the minimum or revised revenue guarantee, an indemnity is paid.  RP provides a minimum revenue guarantee that can increase as much as 200% over the minimum guarantee if the crop insurance harvest price is higher than the projected price.

This program provides the lowest level of yield protection available. CAT insures 50% of production at 55% of the base price for a fee of $300 per crop. CAT has no optional units and does not pay for replants. CAT coverage provides very little coverage…usually discovered at loss time.

This program provides protection against revenue loss due to a decline in both crop prices and yields.  Producers may select from a variety of coverage levels to personalize their policy.  A loss is realized if the harvest price plus any appraised production multiplied by the harvest price is less than the amount of insurance protection.  When this option is selected, the minimum crop insurance revenue guarantee will not be recalculated when harvest prices are released.

Yield Protection policies insure producers in the same manner as APH polices, except a projected price is used to determine insurance coverage. The projected price is determined in accordance with the Commodity Exchange Price Provisions and is based on daily settlement prices for certain futures contracts. The producer selects the percent of the projected price he or she wants to insure, between 55 and 100 percent.

 Margin Protection is a coverage option that provides producers with coverage against an unexpected decrease in their operating margin. The plan provides coverage that is based on an expected margin, which is the expected area revenue minus the expected area operating costs for each applicable crop, type, and practice. MP is area-based coverage and may not necessarily reflect a producer’s individual experience.

 Private Area Revenue (PAR) provides growers with an area-based coverage similar to ARP with an upper and lower coverage level elected by the grower. This provides a custom trigger and stop-loss for the policy.

 PriceFlex is a supplemental insurance policy that provides a potential for higher revenue protection guarantees than the base coverage established on the underlying Revenue Protection or Area Risk Protection Insurance plans. Producers may add one or more alternative price discovery periods (intervals), of which the highest would be used to establish the revenue guarantee for loss purposes when applicable.

 These policies are designed to insure against declining market prices of livestock and not any other peril. Coverage is determined using futures and options prices from the Chicago Mercantile Exchange (CME) Group. Price insurance is available for swine, cattle, lambs and milk. Producers decide the number of head (cwt of milk) to insure and the length of the coverage period.