Industry Update. 2020 USDA's RMA announced a new crop insurance option for HEMP.

(502) 245-8346 SIA@IGLOU.COM

SHELBY INSURANCE AGENCY INC

Crop Insurance

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Shelby Insurance Agency, Inc has been servicing Kentucky farmers' crop insurance needs since 1972. We are located at 500 Main Street Shelbyville, KY and 12200 Shelbyville Rd. Middletown, KY. We specialize in Crop Insurance in Kentucky, Southern Indiana, and Northern Tennessee. 


We will come to your farm and assist you in the application process that is tailored to fit the way you operate.   Our crop insurance companies are dependable and rated A or higher by the A.M. Best.


We do provide other types of insurance (please see the "Auto & Home" tab above).   


The Daily Livestock Report e-newsletter which is sponsored by CME Group, provides one-page summary of news, fundamental indicators, and trading activity on CME's Livestock Complex. Daily illustrations of supply and demand factors help you learn to track the markets and anticipate price trends. Please click on their link to view. (The report is an Adobe File and requires Adobe Acrobat Reader to preview.) http://www.dailylivestockreport.com/ 

Pilot Insurance Coverage for Hemp Growers

WASHINGTON, D.C., Dec. 23, 2019 – USDA’s Risk Management Agency (RMA) announced a new crop insurance option for hemp growers in select counties of 21 states in 2020.  The pilot insurance program will provide Actual Production History (APH) coverage under 508(h) Multi-Peril Crop Insurance (MPCI) for eligible producers in certain counties in Alabama, California, Colorado, Illinois, Indiana, Kansas, Kentucky, Maine, Michigan, Minnesota, Montana, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Tennessee, Virginia, and Wisconsin.

The MPCI coverage is for hemp grown for fiber, grain or CBD oil for the 2020 crop year. It is in addition to the Whole-Farm Revenue Protection coverage available to hemp growers announced earlier this year.

https://www.rma.usda.gov/en/News-Room/Press/Press-Releases/2019-News/USDA-Announces-Pilot-Insurance-Coverage-for-Hemp-Growers

2019 Corn Price

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Yield Protection .... $4.00

* Revenue Protection ... $4.00

HARVEST PRICE $3.90*

2019 Soybeans Price

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Yield Protection .... $9.54

* Revenue Protection ... $9.54

HARVEST PRICE $9.25*

2019 Burley Tobacco

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$1.80

2020 Wheat Price

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Yield Protection ....  $4.86

* Revenue Protection .... $4.86  

* Harvest Price Values will be set according to policy terms.

Pasture Rangeland & Forage

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TAKING APPLICATIONS UNTIL NOV 15

The Rainfall Index (RI) is based on weather data collected and maintained by National Oceanic Atmospheric Climate Prediction Center.

Whole Farm Revenue

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Targets diversified farms and farmers selling multiple commodities, including specialty crops to wholesale markets.

Livestock Risk Protection

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Price risk management tool designed to insure against declining markets for fed cattle, feeder cattle and swine. 

Dairy Revenue Protection

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Risk management tool designed to insure against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level.

Contact DAVID MATHIS with any questions, and let him share how this could benefit your farming operation.

Shelby Insurance Agency Inc

500 Main Street Ste 8, Shelbyville, Kentucky 40065, United States

(502) 633-6108 or (800) 353-6108 (502) 245-8346

Hours

Open today

09:00 am – 05:00 pm

Monday - Friday: 9am - 5:30pm

Saturday: Closed

Sunday: Closed

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