{"id":2110,"date":"2016-10-13T09:26:01","date_gmt":"2016-10-13T14:26:01","guid":{"rendered":"https:\/\/silveuscropins.com\/?p=2110"},"modified":"2024-06-27T15:47:44","modified_gmt":"2024-06-27T19:47:44","slug":"price-flex-insurance-protects-crop-revenue","status":"publish","type":"post","link":"https:\/\/silveuscropins.com\/price-flex-insurance-protects-crop-revenue\/","title":{"rendered":"Price Flex Insurance will Protect Crop Revenue at the Highest Value"},"content":{"rendered":"

Price Flex Insurance will Protect Crop Revenue
\nat the Highest Value<\/h1><\/div>

A private insurance product offered through Silveus Insurance Group<\/a>, allows\u00a0producers of corn, soybeans, wheat or cotton the opportunity to lock in higher prices\u00a0for next year\u2019s crop as late as harvest time this year. A new video featuring Scott Silveus<\/a>, president and CEO, highlights the advantages of Price Flex<\/a> in helping farmers manage price-risk challenges.<\/p>\n

\u201c<\/strong>We\u2019ve all seen these years where we buy crop insurance in February and then we get a little weather scare,\u201d Silveus explains. \u201cDon\u2019t you wish your insurance would grab that higher price, lock onto it, so you don\u2019t have to sell all of your crop if you don\u2019t want to? That puts you in the driver\u2019s seat. You don\u2019t have to sell your crop if you think it\u2019s going higher. You can wait, and your insurance is backing you up, locked in at that higher price.\u201d<\/p>\n

Silveus developed Price Flex to fill this very real need. A complement to traditional Revenue Protection or Areas Risk Protection crop insurance, it can be purchased 18 months before harvest with no out-of-pocket cost until next harvest. Farmers buy one or more alternative price discovery periods (intervals of 15 or 30-days throughout the year) and the highest is used to establish the revenue guarantee for loss purposes. For example, Silveus says if you want to insure the average for November and the average for December, along with next July and early June, you set the combination up that you want for your farm. Then you receive the highest price of those cycles.<\/p>\n

\u201cSo, Price Flex gives the farmer the best chance possible of capturing the market high for plant price,\u201d he says, \u201cAnd there\u2019s virtually no limit on the number of periods you can buy. Price Flex can be purchased today to take advantage of a higher revenue guarantee in the event of a Spring or Summer rally. Whether you\u2019re pulling plants or in the combine, it\u2019s never too early to lock in your price for the next crop year.\u201d<\/p>\n

*Note*<\/strong> the Price Flex product has been retired, and from its foundation, a few new products, Rpowered<\/a>, Mpowered<\/a>, and VIP<\/a> have been constructed. For more information about these products, connect with one of our agents here<\/a>.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":2122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[144,76,141,69,140,142,28,143],"class_list":["post-2110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-silveus-insurance-group","tag-areas-risk-protection","tag-crop-insurance","tag-crop-revenue","tag-insurance","tag-price-flex","tag-scott-silveus","tag-silveus-insurance-group","tag-video"],"yoast_head":"\nPrice Flex Insurance Protects Crop Revenue at the Highest Value<\/title>\n<meta name=\"description\" content=\"A private insurance product offered through SIG, allows producers of corn, 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