Dedicated Insurance Professionals you know and trust...like Family
Issue No. 60

April 29,  2014

 


 

 

In an effort to continue to provide exceptional health benefits, customer service and affordable rates, we are excited to announce some exciting changes coming to Texas Ag Coop Trust! 

 

You have likely already read the e-mail release and/or received the company announcement that our office is now operating fully in house with a newly established third party administrative branch and we are relocating! We are currently updating member participant data to prevent any disruption in service and will be issuing new identification cards very soon!

 

With a little help from you, we can make this a seamless process. We are excited about the changes and look forward to continuing our provision of great service, outstanding benefits and SAVINGS to you!


You are a partner in decision making and you are partnered with a thriving coverage provider. Keeping YOU the priority. Keeping YOUR NEEDS in perspective. With TACT, YOU are our business. 

 

  

  

Now serving ALL of Texas Agriculture -

Contact us for more information

  

  

  

TACT - Dedicated Insurance Professionals
you know and trust...like Family. 

  

 News Affecting You!

As of June 1, TACT's new location will be
915 Austin Street
Levelland, TX 79336

 Healthcare In The News

 

  

Obamacare Penalty may not have sparked sign-up surge

 

  

Obamacare's most controversial feature-the requirement that nearly all Americans have health coverage this year or pay a fine-may not have been a big motivator for the more than 7 million people who signed up for new insurance plans, several analysts said a week after the close of open enrollment.


And even if Obamacare's so-called individual mandate spurred a solid chunk of those enrollments, the law's true power will be really felt in coming years, when the penalty escalates and many millions of people more are spurred to sign up because of financial concerns, those experts said.


"I don't think it was really a big driver" this year, said Matt Eyles, executive vice president of the Avalere Health consultancy, about the mandate. "I think it only had an impact on the margins."


"It was the carrot, not the stick," Eyles said, of what motivated people to enroll, noting that the Obama administration and Affordable Care Act advocates emphasized the new plans' benefits and not the penalties in their massive outreach efforts.

 

 Eyles added, the mandate's financial hit to people who don't comply is "weak," and typically will cost less than the new insurance premiums they would have to pay to comply.


Under Obamacare, most people must have some kind of health-care coverage-through their employer, the individual insurance market, Medicare or Medicaid-by March 31 of this year or pay a tax penalty next year. That penalty is equal to $95 or 1 percent of a person's taxable income, whichever is higher.


To help people comply with the mandate, the ACA established government-run health exchanges to sell private insurance to individuals and families. Those exchanges saw a flood of more than 3 million people in just the last month of open enrollment, bringing total sign-ups to more than 7 million.

 

Christina LaMontagne, a health cost analyst for the price-comparison site NerdWallet, said that penalty "wasn't really that significant" in getting people to enroll, from what her company heard in interviews it did with people exploring their insurance options.

 

Instead, LaMontagne said, "We heard people saying they really valued health insurance ... we heard again, and again and again that people wanted health insurance, and they were sick of finding these short-term solutions."

 

Read the story and find more links here.

  

Take Action

Be Ready, Resilient

 

A statement by Assistant Secretary for Preparedness and Response Nicole Lurie, M.D.

 

America's first PrepareAthon! National Day of Action is TOMORROW! (April 30). 

 

 

Organizations and people across the country are encouraged to participate.  America's PrepareAthon is a new campaign to increase every community's ability to withstand disasters.

 

In 2012, natural disasters caused more than 450 weather-related fatalities and nearly 2,600 injuries. Every disaster holds the potential to impact health, but most people are still unprepared for emergencies. In the 2012 Federal Emergency Management Agency National Survey, only 39 percent of people reported having a household emergency plan, which included instructions for household members on where to go and what to do in an emergency.

 

This spring, America's PrepareAthon! will focus on learning how to protect yourself and your family, how to help your co-workers, and how to participate in community plans for emergencies such as tornadoes, floods, hurricanes and wildfires. This targeted national call to action highlights simple, specific steps individuals and organizations should take to increase their preparedness for a potential local disaster.

 

When we prepare and practice for an emergency in advance of the event, it makes a real difference in the whole community's ability to take immediate and informed action. In turn, this enables everyone impacted to recover more quickly. In addition, participating in drills, exercises, and trainings help establish brain patterns that support quick and effective action during an emergency.

 

America's PrepareAthon! provides instructions for educational discussions and simple drills for a range of disasters. The instructions will help employees, students, and organization members understand which disasters could happen in the community, what to do to stay safe, and how to take action to prepare and participate in making one's community more resilient.

 

In addition, the HHS Office of the National Coordinator for Health Information Technology has developed a video gameand a video to help health care providers with disaster preparedness.

 

Building and sustaining resilience is a shared responsibility. It takes a whole community working together to prepare for, respond to, and recover effectively from the destructive forces of nature and other emergencies.

 

Your organization can find preparedness guides and resources to help your workplace, school, house of worship, community-based organization, and the whole community practice specific preparedness activities necessary to stay safe before, during, and after an emergency.

 

Learn more, visit www.ready.gov/prepare

  

Further Reading:

New National Biodefense Science Board members to advise HHS

  

Agriculture News
  
Market Basket Survey
Bacon Prices Up, Eggs Too!
 

null WASHINGTON, D.C., April 3, 2014 - Higher retail prices for several food items used to prepare breakfast, including bacon, eggs and bread, among other foods, resulted in a slight increase in the American Farm Bureau Federation's latest Semi-Annual Marketbasket Survey.

 

The informal survey shows the total cost of 16 food items that can be used to prepare one or more meals was $53.27, up $1.73 or about 3.5 percent compared to a survey conducted a year ago. Of the 16 items surveyed, 10 increased, five decreased and one remained the same in average price.

 

"Several typical breakfast items increased in price, accounting for much of the modest increase in the marketbasket," said John Anderson, AFBF's deputy chief economist. "The 3.5 percent increase shown by our survey tracks closely with Agriculture Department's forecast of 2.5 percent to 3.5 percent food inflation for 2014," he said.

 

Items showing retail price increases from a year ago included bacon, up 12 percent to $4.80 per pound; ground chuck, up 10 percent to $4.10 per pound; white bread, up 10 percent to $1.81 for a 20-ounce loaf; sirloin tip roast, up 9 percent to $5.03 per pound; eggs, up 8 percent to $1.98 per dozen; whole milk, up 6 percent to $3.68 per gallon; chicken breasts, up 6 percent to $3.51 per pound; flour, up 5 percent to $2.76 for a 5-pound bag; toasted oat cereal, up less than 1 percent to $2.93 for a 9-ounce box; and Russet potatoes, up less than one-half of 1 percent to $2.70 for a 5-pound bag.

 

These items showed modest retail price decreases: bagged salad, down 4 percent to $2.61 per pound; deli ham, down 3 percent to $5.21 per pound; apples, down 3 percent to $1.59 per pound; vegetable oil, down 2 percent to $2.85 for a 32-ounce bottle; and orange juice, down 1 percent to $3.24 per half-gallon.

 

Shredded cheddar cheese remained the same in price compared to a year ago, at $4.47 per pound.

 

Price checks of alternative milk and egg choices not included in the overall marketbasket survey average revealed the following: 1/2 gallon regular milk, $2.46; 1/2 gallon rBST-free milk, $3.87; 1/2 gallon organic milk, $3.97; and 1 dozen "cage-free" eggs, $3.33.

 

The year-to-year direction of the marketbasket survey tracks closely with the federal government's Consumer Price Index (http://www.bls.gov/cpi/) report for food at home. As retail grocery prices have increased gradually over time, the share of the average food dollar that America's farm and ranch families receive has dropped.

 

"Through the mid-1970s, farmers received about one-third of consumer retail food expenditures for food eaten at home and away from home, on average. Since then, that figure has decreased steadily and is now about 16 percent, according to the Agriculture Department's revised Food Dollar Series," Anderson said.

 

Using the "food at home and away from home" percentage across-the-board, the farmer's share of this $53.27 marketbasket would be $8.52.

 

AFBF, the nation's largest general farm organization, conducted an informal quarterly marketbasket survey of retail food price trends from 1989 to 2012. In 2013, the marketbasket series was updated to include two semi-annual surveys of "everyday" food items, a summer cookout survey and the annual Thanksgiving survey.

 

According to USDA, Americans spend just under 10 percent of their disposable annual income on food, the lowest average of any country in the world. A total of 89 shoppers in 27 states participated in the latest survey, conducted in March.

 
 

  

  

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Farm Bill News
Ten Things Ag Producers 
Need to Know
  

Courtesy: The Prairie Star

Now that President Obama has signed the new Agriculture Act of 2014 (farm bill), what can ag producers do to get up to speed on the complicated legislation?

Wayne Meyers, of Kennedy and Coe, an accounting and consulting firm focused on agriculture and food production, has his top 10 actions producers can take to right now to understand how the new legislation is going to impact their farming operations.

 

1. The first thing producers can do is educate themselves and develop an in depth understanding of the technical components of the farm bill.

 

Why? Because producers will be asked to make decisions that will lock farms into specific commodity options for the next five years. For example, producers must choose under the Title I, Commodity Program between the Price Loss Coverage (PLC) option or the Agriculture Risk Coverage (ARC). Under ARC there is another election either ARC County Coverage or ARC Individual Coverage.

 

2. Read everything you can about the farm bill. Read the Federal Register when USDA publishes their "Rule Making" as many decisions have been left up to the Secretary in the implementation of this farm bill.

 

3. Align yourself with industry experts that you trust. As with any new legislation, confusion and misinformation abound. Find experts who can give you correct information so you can make solid decisions.

 

4. Look for software and other tools that can help you play "what if" with price and yield estimates. These can be a great value in making crop by crop farm by farm elections.

 

5. Think about ways to involve your landowners in the educational process. Elections to update yield and base are to be made by farm owners. The more they understand about the importance of these elections, the easier the tenant's job will be when it comes time to make the elections.

 

6. Involve other professional advisors in your long term planning. That includes your banker, accountant, and others. Almost every facet of your operation will be impacted from crop insurance, having the correct operating structure, payment plans, succession planning and also your estate.

 

7. Begin to analyze your farm program crop bases. Updating individual crop base to more accurately reflect more recent planting of covered commodities will be beneficial.

 

While the 2002 farm bill allowed some producers to update base when they added oil seed crops, many producers have been "stuck" with crop acreage base that dates back to 1985. In many cases these crop bases do not reflect cropping history over the past four years and now producers (owners) have the opportunity to update crop bases. The process is called base reallocation.

 

8. Look at your actual yields as producers (owners) which elect the PLC option. There is a one time option to update yields to 90 percent of the farm's average planted yield over the 2008 to 2012 crop years. If the PLC looks attractive for some crops, then begin assembling yield data by FSA farm number and be prepared to provide this yield data to FSA when they announce signup for this option.

 

9. If you have a significant farming operation, consider hiring an expert to assist with the Title I Commodity Program Options. These options are a one time election and you can't afford to make a wrong decision.

 

10. Be sure you meet other eligibility criteria such as "actively engaged in farming" rules. It may not matter if you make all the right decisions regarding Commodity Program options if you fail the payment eligibility criteria.

  

 

 
  
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 Healthful Hint

  

 Earth Day 2014


 


 

Every year on April 22, over a billion people in 190 countries take action for Earth Day. From San Francisco to San Juan, Beijing to Brussels, Moscow to Marrakesh, people plant trees, clean up their communities, contact their elected officials, and more-all on behalf of the environment.


Like Earth Days of the past, Earth Day 2014 has the focus on the unique environmental challenges of our time. As the world's population migrates to cities, and as the bleak reality of climate change becomes increasingly clear, the need to create sustainable communities is more important than ever. Earth Day 2014 will seek to do just that through its global theme: Green Cities. With smart investments in sustainable technology, forward-thinking public policy, and an educated and active public, we can transform our cities and forge a sustainable future. Nothing is more powerful than the collective action of a billion people.


Earth Day 2014 focuses on green cities, mobilizing a millions of people to create a sustainable, healthy environment by greening communities worldwide. Today, more than half of the world's population lives in cities. As the urban population grows and the effects of climate change worsen, our cities have to evolve.


It's time for us to invest in efficiency and renewable energy, rebuild our cities and towns, and begin to solve the climate crisis. Over the next two years, with a focus on Earth Day 2014, the Green Cities campaign will mobilize a global movement to accelerate this transition. Join us in calling for a new era of green cities.


Mother Earth is a common expression for the planet Earth in a number of countries and regions, which reflects the interdependence that exists among human beings, other living species and the planet. For instance, Bolivians call Mother Earth Pachamama and Nicaraguans refer to her as Tonantzin.

  

Recognizing that Mother Earth reflects the interdependence that exists among human beings, other living species and the planet we all inhabit, the General Assembly declared 22 April as International Mother Earth Day.

  

As the global organizer behind Earth Day, Earth Day Network creates tools and resources for you to get involved with Earth Day in your community. Here's how you can participate.

  

  

 

 

 

 

 

 
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In This Issue
Latest in Obamacare
Preparedness and Response - Take Action, Be Ready, Resilient
Market Basket Survey
Farm Bill - Ten Things Ag Producers Need to Know
Earth Day 2014 Recognized
Refer Us!
Facebook Feature 
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industry-related information.
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Contact Us
Texas Ag Coop Trust
1802 East 50th St., Ste. 107
Lubbock, TX 79404
806-747-7894

  

Texas Ag Coop Trust
Officers, Board of Trustees
 
Kimberly Tullo-Holcomb
TACT Executive Director
Lubbock, TX
 
Jim Turner, Chairman
Dalhart Consumers Fuel Association
Dalhart, TX

Bret Brown, Secretary/Treasurer
Sunray Coop
Sunray, TX 
 
Paul Wilson United Cotton Growers
Levelland, TX

Cary Eubanks
Slaton Coop Gin
Slaton, TX

Dean Sasser
Farmers Coop Elevator
Levelland, TX



 

Texas Ag Coop Trust
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 Texas Grain  & Feed
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Texas Cotton Ginners Association
 
 

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Our Focus Remains, YOU

 

 

Positioned to offer coverage at steady/unchanging rates

Coverage that serves an underserved industry.

Concerened about YOUR company, YOUR business, YOUR needs

Offering healthcare coverage along with vision and dental services

Serving the underserved  

  

MORE THAN JUST A HEALTH PLAN

 

TACT is in the best possible situation to thrive, provide outstanding benefits and help limit expense.

 

as a member of TACT

  • You get more coverage
  • You get a staff that works for you and with you - available to assist with no automation
  • Ownership that comes with participation

 

2014 is just beginning, and is also just the beginning for issues surrounding healthcare and agriculture, revealing a state of the union that is citizen-strong with a reformed healthcare system that is providing much needed assurance to many, lacking

Americans. 

 

With TACT, your need for healthcare is met! We are expanding and advancing and we want to hear from you! Obamacare is upon us? Are you covered? Do you have questions? Are you fielding concerns from employees and contractors? We have the answers you are looking for. We have the product to meet your need. And, best of all, we are Texas and we are personal. With TACT, you are our business!

  

  

  

 
What can we do to help you? What questions do you have?  We are here to answer your questions.

  

  


 

  

 TACT - Dedicated Insurance Professionals
  you know and trust...like Family. 
 

 

Next Issue:  May 13, 2014
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