Ida’s family farm is run as a joint venture between three generations.

Their existing risk management strategy left them feeling like they had coverage gaps in the areas they worried about most. They wanted something that would offer them price protection, while stacking with their current insurance products.

Ida’s Advisor explained how Global Ag Risk Solutions’ unique products had options designed to meet unique needs like hers. Working together, they reviewed the historical performance of Ida’s farms, and built a coverage solution based on her results.

In Ida’s case, Band Coverage made the most sense – it allowed her and her partners to stack this coverage on top of their existing insurance and it allowed them to raise their claim threshold, specifically covering only the band of gross margin they chose.

This is a highly customizable plan and Ida’s Advisor was able to tweak the coverage to fit snugly into Ida’s existing insurance strategy.  Ida took 80% crop insurance from the government, which does a good job of covering her yields on a crop-by-crop basis.  She then stacked a $100 band of coverage on top from Global Ag Risk Solutions.  This protection triggered at $250 per acre of gross margin.  It works exactly the same as other Production Cost Insurance options, but the payout is limited to $100 per acre.