{"id":2382,"date":"2017-01-24T16:55:27","date_gmt":"2017-01-24T21:55:27","guid":{"rendered":"https:\/\/silveuscropins.com\/?p=2382"},"modified":"2024-10-28T08:25:04","modified_gmt":"2024-10-28T12:25:04","slug":"priceflex-coverage-consistent-revenue-benefit-indiana-farm","status":"publish","type":"post","link":"https:\/\/silveuscropins.com\/priceflex-coverage-consistent-revenue-benefit-indiana-farm\/","title":{"rendered":"PriceFlex Coverage, a Consistent Revenue Benefit for Indiana Farms"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>Farming with his dad and his son, Bryan Sheets raises corn and soybeans on 1,800 acres across three Indiana counties just southeast of South Bend. The three men represent the fourth, fifth and sixth generations to work the Sheets farm, which has been in their family for 100 years.<\/p>\n<p>While his family has been working with the Silveus Insurance Group agency to purchase federal crop insurance and hail insurance since the 1940s, with guidance from <a href=\"https:\/\/silveuscropins.com\/team_member\/scott-silveus\/\">Scott Silveus<\/a>, Sheets added <a href=\"https:\/\/silveuscropins.com\/preparing-crop-year-2017-3-crop-insurance-products-look-now\/\">PriceFlex<\/a> to the family\u2019s risk management portfolio in 2014, 2016 and for 2017. This private insurance product offers to lock in higher prices for the next year\u2019s crop insurance revenue guarantee.<\/p>\n<p><strong>\u201c<\/strong>We started with <a href=\"https:\/\/silveuscropins.com\/price-flex\/\">PriceFlex<\/a> in December that first year, to set a higher price for our corn in Elkhart County. We have three counties of corn, so we hoped to capture a higher price for the Spring,\u201d Sheets says. \u201cScott brought it to our attention, and 2013 had been a higher corn price year so we just felt it was good to lock something in.\u201d<\/p>\n<p>And it worked out. \u201cThat first year we got something like $6 a bushel,\u201d Sheets recalled, \u201cwhen without PriceFlex protection, it would have been around $5.15.\u201d Since that first test, Sheets says PriceFlex has helped him manage price-risk challenges by locking in a higher price to start with.<\/p>\n<p>While Sheets doesn\u2019t consider himself an expert yet, he has an approach that\u2019s working and some good advice for other farmers: \u201cI rely on a lot on Scott Silveus\u2019 expertise,\u201d he says. \u201cThe best advice I can give to other farmers is to just try to stay in tune with the markets, and stay in touch with your <a href=\"https:\/\/silveuscropins.com\/meet-our-agents\/\">agent<\/a>.\u201d<\/p>\n<p><strong>*Note*<\/strong> The product PriceFlex has been retired, and from its foundation, a few new products, <a href=\"https:\/\/silveuscropins.com\/rpowerd\/\">Rpowered<\/a>, <a href=\"https:\/\/silveuscropins.com\/mpowerd\/\">Mpowered<\/a>, and <a href=\"https:\/\/silveuscropins.com\/vip\/\">VIP<\/a> have been constructed. For more information about these products, <a href=\"https:\/\/silveuscropins.com\/meet-our-agents\/\">connect with one of our agents here<\/a>. To learn more about how the previous PriceFlex product worked, <a href=\"https:\/\/silveuscropins.com\/price-flex\/\">head here to watch two short videos!<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":1930,"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":[31,1],"tags":[],"class_list":["post-2382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-silveus-insurance-group","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PriceFlex Coverage, a Consistent Revenue Benefit for Indiana Farms -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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