AGQUEST

Financial Products

Crop Insurance

Livestock Insurance

Property & Casualty

Agquest

AgQuest Financial Services

As a finance and insurance company that is owned by UFC and other cooperatives, AgQuest is committed to providing innovative financial and risk management solutions that support stability and growth.  As a cooperative business partner, when you utilize AgQuest’s products, you’re not only supporting your own business, but you’re also supporting the cooperative!  Together, UFC and AgQuest, are your one-stop source for all your farming needs.  Visit https://agquest.biz/ to learn more.
 

Here to Help You Succeed

With AgQuest’s combined years of experience and training in ag lending, we understand the complexities of farming and your business, and we are driven to help you succeed.

AGQUEST COMPANION® FAMILY OF LOAN PRODUCTS:

COMPANION COMPLETE

AgQuest Complete loans are traditional full-operating lines of credit Revolving and second year loan options are available. Potential for application only for loan requests less than or equal to $1 million.

COMPANION DIRECT

Together, UFC and AgQuest Financial, offer unsecured crop input financing to UFC customers for purchases up to $500,000 with the AgQuest Direct® Loan Program. Financing over $500,000 is also an available on secured lines of credit. The reward? Knowing you're working with companies who share your passion for farming and are committed to your success!

In addition to the Companion loan products, AgQuest also offers a variety of term finance and insurance products including:

REAL ESTATE LOAN

Long-term loans collateralized by real estate, which generally includes unimproved farm ground, rural residences and traditional farm sites. Not to be used when the value of the real estate is primarily derived from facilities/improvements. 

MACHINERY AND EQUIPMENT LOAN

Intermediate term loans collateralized by all the borrower’s machinery and equipment inventory. A priority position on machinery and equipment is required.

FACILITY LOAN

Secured with real estate that is improved with a livestock facility such as swine finishing barns and dairy milking parlors or other types of real estate fixtures such as grain bins and machine sheds.   

LEASING

One of the fastest growing ways of acquiring equipment in business today. Leasing can put the equipment to work for you with real cash flow advantages without using major capital investment.  Leases are through our sister company Northland Capital!

Crop Hail Insurance

Policies are not part of the Federal crop insurance program. Crop-Hail coverage is purchased because hail has the aptitude to completely destroy a major part of a planted field while some is left untouched. A crop-hail policy can be purchased at any time during the growing season.

MPCI (Multi-Peril Crop Insurance)

Policies must be purchased prior to planting and cover loss of crop yields from all types of natural causes including drought, excessive moisture, freeze, and disease. Newer coverage options combine yield protection and price protection to protect farmers against potential loss in revenue, whether due to low yields or changes in market price.

APH*

  • -Bushel guarantee
  • -50-85% where applicable

*still available for crops that don't qualify for YP

YP (YIELD PROTECTION)

  • Replaces APH Plan
  • Will no longer have an RMA established price election
  • Yield guarantee (bushels, pounds, etc.)
  • Coverage levels 50-85%

RP (REVENUE PROTECTION)

  • Revenue gaurantee
  • Coverage Levels 50-75% (80-85% where applicable)
  • Replaces CRC/RA plans of insurance

GRP, GRIP (GROUP RISK PLAN)

  • County-based coverage
  • Covers widespread losses
  • 90% coverage where available

Named Peril Products

Recommended as either supplements to your MPCI or Crop Hail policies or as standalone policies. They are designed to cover gaps in coverage such as hazards unique to specific crops, unavailability of MPCI and hail insurance in your area, or to cover a processor.

Adjusted Gross Revenue (AGR)

Crop insurance provides producers with protection against low revenue from natural causes and market fluctuations. The insurance covers income from agricultural commodities, as well as income from animals, animal products, and aquaculture species reared in a controlled environment.

LIVESTOCK INSURANCE

LIVESTOCK RISK PROTECTION

Insurance covers the risk of price declines for feeder cattle, fed cattle and swine. It provides producers an indemnity if a regional or national cash price index falls below an insured coverage price. Similar to a put option, the LRP policy is price insurance only, providing single-peril price risk protection for the future sale of insured livestock.

LIVESTOCK GROSS MARGIN

Insurance offers protection against a decline in the feeding margin for cattle and swine. An indemnity is paid if the insured gross margin is greater than the total actual gross margin at the end of the insurance period.

PROPERTY AND CASUALTY

The trusted advisors at AgQuest/Minnesota River Insurance understand that each of us has a unique story. Each farm has different needs and we take time to understand what that is and customize a package to protect what you have worked so hard to build. Our expert team, supported by 132 years of combined agency experience, will explain and review the coverages that meet your farms’ specific needs, ensuring that you’re adequately covered. We are Elite Farm Certified and have specialized agents that are AFIS and CIC certified. We pride ourselves on having in-depth knowledge and experience of the farming industry when it comes to insurance.

COMMERCIAL FARM/AUTO

  • Farm Packages
  • Farm/General Liability
  • Farm Excess Liability/Umbrella
  • Commercial/Personal Auto
  • Fleet Auto
  • Workers Compensation
  • Inland Marine
  • Pollution

AUTO INSURANCE

  • Personal Auto Insurance
  • Classic Collectors Auto/Antique
  • Motorcycle/Scooter Insurance
  • ATV/UTV/Snowmobile Insurance
  • Motor Home/RV Insurance
  • Boat/PWC Insurance

PROPERTY INSURANCE

  • Homeowners Insurance (primary and secondary residences)
  • Condo/Townhome Insurance
  • Mobile Home Insurance
  • Renters Insurance
  • Landlord/Tenant Insurance
  • Personal Umbrella
  • Flood