Crop & Farm Insurance Agency in Warren, MN
Since 1989, Phil Thompson & Associates has been one of the leading crop and farm insurance agencies for agricultural operations throughout Minnesota, as well as a bevy of critical financial services, including bookkeeping, tax planning and preparation, and payroll. Our accountants take pride in offering affordable, high-quality service with an emphasis on maintaining strong relationships with our customers.
Knowledgeable Crop Insurance Agents in Minnesota
Today’s farmers rely heavily on crop insurance agencies to mitigate the risk of crop losses as a threat to their farm operation. From disease to pestilence, weather and beyond, numerous factors can threaten your yield, which makes it important to anticipate the worst and plan for recouping any losses. For this, your first and best line of defense is our crop insurance agency at the offices of Phil Thompson & Associates. Not only do our farm insurance agents understand the perils that farmers face, we understand the best ways to protect yourself, your yield and your entire farm operation from any natural elements that might threaten it.
Our staff includes seven highly experienced agents who work closely with farmers to help them choose between the many different plans available for multi-peril and hail insurance coverage. Our farm insurance agents work exclusively with crop insurance products, devoting 100% of their time to crop insurance issues during the annual crop insurance season. No other crop insurance agency in Minnesota matches the dedication that each of our associates brings to the table, and you can be sure we work hard to forge a strong relationship with each person we serve. We’re focused on bringing the right insurance coverage to you:
Multi-Peril Crop Insurance (MPCI)
Protects crops against natural perils (primarily weather and disease). It is delivered by private companies and re-insured by the federal government. MPCI rules and coverage options change each year and our agency sends out regular bulletins and conducts area meetings to keep farmers informed about the program changes, coverage options, and more that occur each season.
Hail insurance can be purchased to protect against crop losses specifically due to hail storms. Hail policies can be on a standalone basis, but typically are used to supplement hail coverage included in an MPCI policy. Most hail policies provide coverage based on a dollar amount per acre for each crop, while others are sold strictly to supplement the MPCI policy in-force. Some are based on production and price elections, like MPCI.
Our additional services include:
- Tax Preparation
- Tax Planning
- Payroll Services
- Bill Paying
- Customized Financial Reporting
Proudly offering crop insurance and tax preparation in Minnesota, including:
East Grand Forks, MN
Contact Your Crop Insurance Agents Today
If you’re looking for farm insurance assistance or want to learn more about the options available to you, including tax and payroll help, consult our accountants today by contacting one of our personable professionals.