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Tag "revenue protection"

Midwest Corn, Soybeans: Projected Prices for 2018 – More of the Same?

Midwest Corn, Soybeans: Projected Prices for 2018 – More of the Same?

👤By Gary Schnitkey, University of Illinois at Urbana-Champaign 🕔Dec 20, 2017

Projected prices for 2018 crop insurance policies will not be set until February for corn and soybean grown in the Midwest states. However, current levels of futures contracts provide estimates of likely levels of 2018 projected prices. At this point,

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Illinois: Combining Margin Protection and Revenue Protection

Illinois: Combining Margin Protection and Revenue Protection

👤By Gary Schnitkey, University of Illinois Ag Economist; and Carl Zulauf, Ohio State University Ag Economist 🕔Sep 27, 2017

The new Margin Protection crop insurance policy can be purchased along with any COMBO product. Doing so will allow farmers to have “county” margin protection up to a 95% coverage level combined with farm-level coverage for revenues at lower coverage

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Crop Insurance: Should Users of Revenue Protection Add Margin Protection?

Crop Insurance: Should Users of Revenue Protection Add Margin Protection?

👤By Gary Schnitkey, University of Illinois Ag Economist; and Carl Zulauf, Ohio State University Ag Economist 🕔Sep 13, 2017

Farmers have until September 30 to determine whether to purchase Margin Protection, a new crop insurance product that provides payments when a harvest revenue-cost margin is below a guarantee set based on an expected revenue-cost margin (see farmdoc daily, September 8, 2017). Users

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Crop Insurance: Trump Cuts Would Eliminate Harvest Price Option and Limit Farm Size

Crop Insurance: Trump Cuts Would Eliminate Harvest Price Option and Limit Farm Size

👤By Art Barnaby, Kansas State University 🕔Jun 14, 2017

Editor’s Note: For Tables and Figures see the Source Link at the bottom of the article. The Administration’s budget would cut $58.7 billion from crop insurance or about $6 billion a year over 10 years. Over the last five years,

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Crop Insurance Product Comparison – What’s Best for You?

Crop Insurance Product Comparison – What’s Best for You?

👤By Michael Langemeier, Purdue University 🕔Jun 12, 2017

Periodically, discussion pertaining to the elimination of the harvest price option is mentioned in policy circles. The revenue protection product with the harvest price option is widely used in the Corn Belt. This article examines the relative attractiveness of the

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Farm Programs: The Federal Safety Net for 2017

Farm Programs: The Federal Safety Net for 2017

👤By Gary Schnitkey, University of Illinois 🕔Mar 8, 2017

The two Federal safety net program providing risk protection to crop farmers are crop insurance and the commodity title of the farm bill, with commodity title payments coming through Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. Crop

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Soybeans: Concerned About Price Risk? Consider Using ARP.

Soybeans: Concerned About Price Risk? Consider Using ARP.

👤By Gary Schnitkey, University of Illinois 🕔Jan 24, 2017

This year, downside price risk on soybeans is a larger concern than usual. For those farmers who are particularly concerned about downside price risk, Area Risk Protection (ARP) at the 90% coverage level may be a good alternative. For most

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Crop Insurance Decision Tool Gets ‘Product Performance’ Feature

Crop Insurance Decision Tool Gets ‘Product Performance’ Feature

👤By Gary Schnitkey, University of Illinois 🕔Jan 11, 2017

A new “Product Performance” section has been added to the 2017 Crop Insurance Decision Tool. By using this section, users can examine per acre premiums and payments from alternative crop insurance products from 1995 to 2015, thereby allowing users to

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Crop Insurance: Popularity of Revenue or Yield Protection Depends on Location

Crop Insurance: Popularity of Revenue or Yield Protection Depends on Location

👤By Gary Schnitkey, farmDocDaily, University of Illinois, U-C 🕔Jan 5, 2017

Revenue Protection (RP) is the most used crop insurance plan for corn. Over time, RP use has grown to over 90% of corn acres insured in many counties in the corn belt (farmdoc daily, December 13, 2016). As illustrated by

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Corn Growers Favor Revenue Protection in Midwest

Corn Growers Favor Revenue Protection in Midwest

👤By Gary Schnitkey, University of Illinois 🕔Jan 4, 2017

Revenue Protection (RP) is the most used crop insurance plan for corn. Over time, RP use has grown to over 90% of corn acres insured in many counties in the corn belt. As illustrated by maps in this article, farmers

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