Midwest Crop Protection Inc
How we got $1.2M
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 26 years (since 2000)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Midwest Crop Protection Services offers crop insurance and crop protection services from Gate, OK, with agent Glenn R. Miller serving farmers. It sells crop hail, multi-peril crop, and livestock revenue insurance.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- RCIS · brand it sells or installs
Estimated value over time
▲ 30% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MIDWEST CROP PROTECTION INC this business | $1.0M | — |
| DOME INSURANCE AGENCY LLC Laverne · 3 employees | $467K | 13.4 mi |
| Lake Insurance Laverne | $806K | 13.4 mi |
| Laverne Insurance Laverne | $806K | 13.5 mi |
| Pioneer Agency of Buffalo Buffalo | $806K | 23.5 mi |
| 4JM INC Buffalo · 1 employees | $174K | 23.7 mi |
| INSURANCE 101 INC Buffalo · 1 employees | $246K | 23.7 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $623K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.3M |
| Estimate: the two combined (geometric mean) | $1.0M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $340K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $1.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $645K – $1.7M |
| Revenue range | $683K – $1.2M |
| EBITDA range | $224K – $388K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingSNB Bank, National AssociationPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| SNB Bank, National Association PPP 2020 | All 56 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $45K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwest Crop Protection Inc
Midwest Crop Protection Inc is an insurance agencies company in Gate, Oklahoma, in business since 2000. It is owned by Glenn R. Miller. Its estimated annual revenue is about $1.0M, with roughly $340K of EBITDA. It has about 3 employees. Its estimated business value is $1.2M (likely range $645K–$1.7M).
Common questions
- Who owns Midwest Crop Protection Inc?
- Midwest Crop Protection Inc is owned by Glenn R. Miller, according to public sources such as the company's website or filings.
- How much revenue does Midwest Crop Protection Inc make?
- SeeBITDA estimates Midwest Crop Protection Inc's annual revenue at about $1.0M (likely between $683K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwest Crop Protection Inc worth?
- About $1.2M, roughly 3.6× its estimated EBITDA of $340K, typical for a insurance agencies company its size. Likely range: $645K–$1.7M.
- How many employees does Midwest Crop Protection Inc have?
- About 3, as reported on its PPP loan.
- When was Midwest Crop Protection Inc founded?
- Midwest Crop Protection Inc has been in business since 2000.