Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   
   
   
   
   

Agricultural News


Cargill Exits Crop Insurance Business- Sells to Silveus Insurance Group

Wed, 30 Dec 2015 08:55:03 CST

Cargill Exits Crop Insurance Business- Sells to Silveus Insurance Group Silveus Insurance Group (SIG), one of the largest crop insurance agencies in the United States, and Cargill have announced that they have reached an agreement under which Cargill will sell its crop insurance agency, Cargill Crop Insurance LLC (CCI), to SIG. The transaction is expected to close in mid-January. Terms were not disclosed.


“My family has helped farm clients manage risk for four generations,” said Tyler Silveus, CEO of SIG. “We look forward to getting to know and welcoming to Silveus Insurance Group each farm family, agent, and staff member that has been associated with Cargill Crop Insurance.”


Cargill entered the crop insurance agency business in 2007. “The mission of our grain and crop inputs businesses is to effectively and efficiently help farmers make the most of their investments in agriculture, and help them manage their risks.” said Dave Baudler, president of Cargill AgHorizons U.S., which includes the company’s network of grain elevators and farm service centers in the country. “We believe we can accomplish this mission through our core grain marketing and risk management programs without being directly involved in the sale of crop insurance”.


Jeff Klock, president of Cargill Crop Insurance, said: “Cargill chose Silveus Insurance Group because of their strong focus on crop insurance, exceptional capability to serve their customers, and the industry leading tools it has developed to help farmers manage risk. Our customers will have an opportunity to benefit from these tools immediately upon the close of this transaction.”


The acquisition of CCI is the first significant purchase SIG has made in the crop insurance area. Silveus continued: “Acquiring the Cargill business will help us accelerate growth and fuel additional innovation that provides additional value to our farmer clients.”


Click here for the Silveus Crop Insurance website to learn more about the company.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • U.S. Farmers Eager to Return to Global Competitiveness  Sun, 15 Dec 2019 07:41:16 CST
  • Wheat Organizations Encouraged by Progress on Phase One Deal with China  Sun, 15 Dec 2019 07:38:41 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, December 13, 2019  Sun, 15 Dec 2019 07:29:39 CST
  • Beat the Rush- Get Your Permit Ahead of Calving Season to Protect Your Herd Against Black Vultures  Sat, 14 Dec 2019 08:58:04 CST
  • CoBank Releases 2020 Outlook- Sees Headwinds Continuing Against US Rural Economy  Sat, 14 Dec 2019 08:30:31 CST
  • US Meat Export Federation Cheers US China Phase One Deal- Excited About Prospects for More US Meat Exports Ahead  Sat, 14 Dec 2019 08:16:55 CST
  • Farmers for Free Trade Want More Than Just the US-China Phase One Trade Deal- Call on Ending Trade War Now  Sat, 14 Dec 2019 08:11:35 CST
  • National Council of Farmer Coops President Chuck Connor Offers Statement on US-China Phase One Agreement  Sat, 14 Dec 2019 08:06:15 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.