With all the uncertainties in farming today, SFB can provide you with multi-peril crop insurance to protect your farm from a wide range of perils. This crop insurance can provide revenue protection against losses due to both lower yields and/or price decreases. Our licensed crop insurance agents have many years of experience helping farmers manage the risks in their farms' cropping operation with the use of multi-peril crop insurance and crop-hail insurance. We can offer individual plans, as well as area plans. These premiums are highly subsidized by the Federal government & are very affordable.
MPCI Spring Crops (such as corn, soybeans, oats, & forage seeding)
- Sales Deadline – March 15
- Production Reporting Date – April 29
- Acreage Reporting Date – July 15
- Premium Billing Date – August 15
MPCI Fall Crops (such as forage production)
- Sales deadline – September 30
Hail damage can be devastating and can happen at any time and without warning. Crop-hail insurance protects your crops against losses from hail, & certain fire & transportation losses on an acre-by-acre basis at the level you choose up to the value of the crop.Crop Insurance Deadlines
- Sales Due date - No specific date, but prior to midnight of the day that it hails.
- Premium Due Date –August 15
Dairy Revenue Protection (DRP)
Dairy Revenue Protection (DRP) is an area-based revenue product that is designed to insure against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level. The quarterly insurance periods cover a three-month period and can be sold up to five quarters, with the exception of the last sales period.
What does this mean? If milk prices drop below your guaranteed coverage level, the insurance will cover the difference and limit your risk.
There are two pricing options available for each endorsement. The expected revenue is based on futures prices for milk and dairy commodities and the amount of covered milk production elected by the dairy producer. The covered milk production is indexed to the state or region where the dairy producer is located. DRP is approved for sale in all 50 states.
Livestock Gross Margin-Dairy (LGM)
LGM-Dairy is another opportunity for dairy producers to mitigate risk, especially during challenging economic times. This insurances protects against the loss of gross margin between milk price and feed cost.
Return Of Premium Life
Wish you could have your premium back if you don’t need the insurance? A return of premium life insurance policy does just that. When the term of the life insurance policy is up and you are (thankfully) still alive, you get the amount you put in as premiums returned to you! Or you could exchange the premiums to a permanent paid up policy.
Term life insurance guarantees payment of a death benefit during a specific time period, such as 10, 20 or 30 years. Meet with one of our licensed agents to find out which period is best for you.
Are you looking for security that you and your loved ones will be covered for your entire lives? With whole life insurance, there are a variety of options available to provide the security you seek and protect your future.
As long as you pay premiums, your beneficiary will receive the benefit amount upon death. The policy also builds cash value from part of the premium that is being invested.
Disability Income Insurance
Do you have enough money saved to pay your expenses if an accident or illness prevented you from working? Disability income insurance can help cover monthly expenses, such as your mortgage, auto payment, groceries and other expenses until you get on your feet again.
*Equal Opportunity Provider. Not FDIC insured.