Set Yourself on Road to Success with Right Risk Management Tools
December 11, 2014
By Kevin Quinn, Key Cooperative Credit Manager/Crop Insurance Specialist
As we complete another crop year, we want to thank you for your business and look forward to assisting with your future plans. Compared to the past, the next few years may not be as easy to plan for. Key Cooperative Risk Management continues to develop relationships, create tools and analyze products that can mitigate the risks we both face.
I first want to remind everyone of the financing options Key Cooperative offers. Key has had a long and successful relationship with Cooperative Credit Company. Several producers use Cooperative Credit as their full or supplemental line of credit. They are able to offer unique financing packages that fit our AgroMetrix program.
For years, we have been members of Cooperative Finance Association (CFA). We began to take advantage of their excellent financial tools just over a year ago. Together, we work to offer very attractive interest rates on all crop inputs and today, we have one of the best rates on the market for early-order seed. CFA offers both supplemental and full farm financing. A second component of Key Cooperative Risk Management is our AgroMetrix program. AgroMetrix can assist growers by clarifying what is truly profitable to their operations. With the use of this tool, you can build your marketing plan around solid numbers.
Crop insurance is the final piece to a successful risk management strategy. I began to sell crop insurance in 1997. Back then, we promoted Crop Revenue Coverage (CRC) to secure our risk with the direct lending we were offering. It was a good fit then, and though the name has changed and ag business has evolved, it continues to be an important part of your financial strategy. We are appointed with several crop insurance companies and would like the opportunity to visit with you about servicing those policies through Key Cooperative Risk Management.
One producer-driven service that has recently stood out is Diversified Crop Insurance Services. They take crop insurance to the next level by combining forecasting and marketing tools, marketing advice and lending. All of these can be available to you at your home computer. Their expertise in all aspects of risk mitigation helps them fulfill their tag line “expect more” and helps us fulfill our promise to you of being “your essential business partner.” Please allow us to introduce this partner to help mitigate your risk.