OFBF Logo
    • Current Location
    • Adams
    • Allen
    • Ashland
    • Ashtabula
    • Athens
    • Auglaize
    • Belmont
    • Brown
    • Butler
    • Carroll
    • Champaign
    • Clark
    • Clermont
    • Clinton
    • Columbiana
    • Coshocton
    • Crawford
    • Cuyahoga
    • Darke
    • Defiance
    • Delaware
    • Erie
    • Fairfield
    • Fayette
    • Franklin
    • Fulton
    • Gallia
    • Geauga
    • Greene
    • Guernsey
    • Hamilton
    • Hancock
    • Hardin
    • Harrison
    • Henry
    • Highland
    • Hocking
    • Holmes
    • Huron
    • Jackson
    • Jefferson
    • Knox
    • Lake
    • Lawrence
    • Licking
    • Logan
    • Lorain
    • Lucas
    • Madison
    • Mahoning
    • Marion
    • Medina
    • Meigs
    • Mercer
    • Miami
    • Monroe
    • Montgomery
    • Morgan
    • Morrow
    • Muskingum
    • Noble
    • Ottawa
    • Paulding
    • Perry
    • Pickaway
    • Pike
    • Portage
    • Preble
    • Putnam
    • Richland
    • Ross
    • Sandusky
    • Scioto
    • Seneca
    • Shelby
    • Stark
    • Summit
    • Trumbull
    • Tuscarawas
    • Union
    • Van Wert
    • Vinton
    • Warren
    • Washington
    • Wayne
    • Williams
    • Wood
    • Wyandot
  • Join
  • Renew
  • Login
  • OFBF Calendar Icon
  • OFBF Search Icon
  • About Us
    • What is Ohio Farm Bureau?
    • News Room
    • Podcasts
    • Job Postings
    • Farm to Table
    • Nationwide Insurance
    • All Ohio Agriculture
  • Membership
    • Membership Overview
    • Ohio Farm Bureau Membership
    • Benefits
    • Business Solutions
    • Ag Intelligence Service
    • Membership Auto-Renew
    • Group Membership
    • Tools and Resources
    • FAQ
  • Advocacy
    • Advocacy Overview
    • 2026 Priority Issues
    • 2026 Elections
    • Ask Our Experts
    • All Advocacy
  • Community
    • Community Overview
    • County Farm Bureaus
    • Event Calendar
    • Young Ag Professionals
    • Youth in Agriculture
    • Grants
    • All Community
  • Foundation
    • Foundation Overview
    • Scholarships
    • Scholarships Criteria
    • Make a Gift
    • Legacy Giving
    • Meet our Board
  • Shop
  • OFBF Calendar Icon
  • OFBF Hamburger Icon
    • About Us
      • What is Ohio Farm Bureau?
      • News Room
      • Podcasts
      • Job Postings
      • Farm to Table
      • Nationwide Insurance
      • All Ohio Agriculture
    • Membership
      • Membership Overview
      • Ohio Farm Bureau Membership
      • Benefits
      • Business Solutions
      • Ag Intelligence Service
      • Membership Auto-Renew
      • Group Membership
      • Tools and Resources
      • FAQ
    • Advocacy
      • Advocacy Overview
      • 2026 Priority Issues
      • 2026 Elections
      • Ask Our Experts
      • All Advocacy
    • Community
      • Community Overview
      • County Farm Bureaus
      • Event Calendar
      • Young Ag Professionals
      • Youth in Agriculture
      • Grants
      • All Community
    • Foundation
      • Foundation Overview
      • Scholarships
      • Scholarships Criteria
      • Make a Gift
      • Legacy Giving
      • Meet our Board
    • Shop

    Email Successfully Sent

  • Home
  • All Articles
  • Manage your risk in 2021
  • Article

    Manage your risk in 2021

    Provided by Farm Credit Mid-America | Posted on

    January 11, 2021



    checking corn quality

    If there’s anything farmers understand, it’s uncertainty. From volatile weather to price swings to a global pandemic, they have persevered through it all.

    The best way to protect against the unknown is with a sound risk management plan, said Mike Goins, Farm Credit Mid-America’s Regional Vice President for Crop Insurance.

    “It’s the only way a grower can really guarantee their income,” he said. “There are so many risks, and crop insurance is how farmers can deal with those risks.”

    Choose the right insurance for your operation

    While crop insurance is a must, policies aren’t one-size-fits all. There are many combinations of policies to choose from, and selections must be tailored to a farm’s unique circumstances. Goins recommends growers start planning now by knowing intended acres, what their average yields are and their cost of production for the upcoming crop year.

    “Understand your business plan and get crop insurance for that specific plan,” Goins said.

    Work with a knowledgeable agent

    With so many different policies – subsidized, unsubsidized, government programs– the selection process can be confusing. Farm Credit Mid-America has 64 non-commission-based agents across Ohio, Indiana, Kentucky and Tennessee, who continuously evaluate and analyze new policies and programs for customers.

    “Choosing a policy is just one step in the process,” Goins said. “Having a knowledgeable agent and solid company behind you is key.”

    Additionally, Farm Credit Mid-America customers have access to an exclusive data-driven tool that allows agents to use real-time data, including a producer’s unique, individual policy information, county data and specific crops and yields. The program then gives a variety of recommendations customized to that unique operation.

    “There are a thousand what-if scenarios,” Goins said. “Our tool takes the guesswork out of choosing what’s right for you.”

    Don’t wait until spring – the time to start is now

    Growers have until the March 15 sales-closing deadline for spring crops, but the selection process should begin now. Determining average yields, costs to plant, and potential risks will help growers and agents find the right policies.

    “Get started early so you can understand your options and not have to make a rush decision,” Goins says. “With so much uncertainty, crop insurance is the best way to mitigate risk.”

    To connect with a Farm Credit Mid-America agent in your area, contact 800-444-FARM or visit us at e-farmcredit.com.

    New and beginning farmers
    My first recommendation in your journey is to start out with a local farming friend or mentor along with joining an organization like Ohio Farm Bureau.
    Greg McGlinch's avatar
    Greg McGlinch

    Darke County Farm Bureau

    Growing Tomorrow Grant
    We’re just so thankful for the Farm Bureau and the foundation for helping put this together. And of course, the Boyert family for the vision they had with this grant. It’s jumping us forward 10 years. It’s unbelievable.
    Nathan and Jill Parriman's avatar
    Nathan and Jill Parriman

    Clermont County Farm Bureau

    Bringing the farm back to life
    I could not have done it without the resources I have found through Farm Bureau.
    Gretchan Francis's avatar
    Gretchan Francis

    Trumbull County Farm Bureau

    Youth pathways in Farm Bureau
    It wasn’t until I joined the Wilmington College Collegiate Farm Bureau that I truly saw how my passion could translate into leadership, advocacy and a career.
    Wyatt Morrow's avatar
    Wyatt Morrow

    Clinton County Farm Bureau

    Giving farmers a voice
    The issue of property taxation remains as one of the biggest challenges our members face today. Ensuring agricultural property is valued for its agricultural potential and not development is critical to the continued success of Ohio agriculture.
    Matt Aultman's avatar
    Matt Aultman

    Darke County Farm Bureau

    Select Partner Program
    Through the Select Partner program, we became educated in farm insurance and weren't just selling policies. It became more and more clear why farmers need an advocate like Ohio Farm Bureau.
    Chad Ruhl's avatar
    Chad Ruhl

    Farm manager, CSI Insurance

    Advocacy
    So many of the issues that OFBF and its members are advocating for are important to all Ohioans. I look at OFBF as an agricultural watchdog advocating for farmers and rural communities across Ohio.
    Mary Smallsreed's avatar
    Mary Smallsreed

    Trumbull County Farm Bureau

    Suggested Tags:
    Ask Our ExpertsFarm Credit Mid-AmericaFinancial Essentials
    View All

    Featured Articles

    Applications for Ohio Farm Bureau Health Plans now available

    Members have three ways to apply: contacting a certified agent, calling 833-468-4280 or visiting ohiofarmbureauhealthplans.org.

    Read More
    Ohio must not make it easier to seize your property for data centers, other projects

    Ohio Farm Bureau recently published an op-ed in The Columbus Dispatch highlighting the importance of protecting private property rights as discussions continue around expanding eminent domain powers in Ohio.

    Read More
    What would Grandma and Grandpa have wanted?

    These discussions should not begin and end with a developer’s offer. Identifying family goals now gives the family something to plan around.

    Read More
    Ohio Farm Bureau, partners pack 10,000 meals to kick off Food and Farms Month 

    Ohio Farm Bureau joined leaders from across Ohio’s food and agriculture industry this week to pack 10,000 meals for central…

    Read More
    Ohio Farm Bureau supports expanded use of dyed diesel

    The administration recently issued an executive order easing restrictions on the use of tax-exempt dyed diesel fuel for on-road agricultural transportation.

    Read More
    Legal with Leah: Eminent Domain and Quick Take

    Ohio Farm Bureau Associate General Counsel Leah Curtis explains how the eminent domain process works in Ohio, what ‘quick take’ means and when it can be used.

    Read More
    Ohio Farm Bureau statement on gas tax holiday

    As fuel prices skyrocket across the state,  lawmakers are preparing to return to the Statehouse to vote on the temporary suspension of Ohio’s gas tax.

    Read More
    Ohio’s 2026 top conservation farmers honored

    Since 1984, the Conservation Farm Family Awards program has recognized Ohio farm families for their exemplary efforts conserving soil, water, woodland, wildlife, and other natural resources.

    Read More
    Growing our Generation: A life of service

    Meet Joe Everett, a Shelby County Farm Bureau Young Ag Professional who has dedicated his life to service, both in uniform and within his local community.

    Read More
    How to prepare for a year-end conversation with your lender

    A year-end review provides an opportunity to evaluate your operation’s financial position, discuss future goals and develop strategies for the upcoming season.

    Read More
    View All
    OFBF Logo
    Navigate
    • About Us
    • Membership
    • Advocacy
    • Community
    • Foundation
    • Shop
    Resources
    • Contact Us
    • Staff and Board Directory
    • Job Postings
    • Privacy Policy & Terms Of Use
    • Advertise With Us
    • County Farm Bureaus
    Membership
    • Join
    • Login
    Get In Touch

    Got questions or feedback?
    We'd love to hear from you.

    • Facebook Icon
    • X Icon
    • Linkedin Icon
    • Instagram Icon
    • Youtube Icon
    • TikTok Icon

    Ohio Farm Bureau Federation is a member of American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Ohio. Ohio Farm Bureau Federation programs and services are available only to Farm Bureau members within Ohio. The political views expressed in these pages represent Ohio Farm Bureau Federation's positions on various issues as they relate to Ohio. The positions of the national Farm Bureau organization collectively are expressed through American Farm Bureau Federation. Any opinions, statements or views expressed through comments or by outside contributors are the express views of those individuals and do not necessarily represent the views of the Ohio Farm Bureau Federation.

    OFBF Logo
    • Facebook Icon
    • X Icon
    • Linkedin Icon
    • Instagram Icon
    • Youtube Icon
    • TikTok Icon
    Navigate
    • About Us
    • Membership
    • Advocacy
    • Community
    • Foundation
    • Shop
    Resources
    • Contact Us
    • Staff and Board Directory
    • Job Postings
    • Privacy Policy & Terms Of Use
    • Advertise With Us
    • County Farm Bureaus
    Get In Touch

    Got questions or feedback?
    We'd love to hear from you.

    Ohio Farm Bureau Federation is a member of American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Ohio. Ohio Farm Bureau Federation programs and services are available only to Farm Bureau members within Ohio. The political views expressed in these pages represent Ohio Farm Bureau Federation's positions on various issues as they relate to Ohio. The positions of the national Farm Bureau organization collectively are expressed through American Farm Bureau Federation. Any opinions, statements or views expressed through comments or by outside contributors are the express views of those individuals and do not necessarily represent the views of the Ohio Farm Bureau Federation.

    County

    Join

    Account

    Search