Midwest: 2021 Crop Insurance Decision Tool Now Available Jan 20, 2021

🕔Jan 20, 2021
The 2021 Crop Insurance Decision Tool has been released to aid in crop insurance decisions. It is a Microsoft Excel workbook that can be downloaded from farmdoc (here). One sheet in this workbook provides […]

Farm Finances: Cost Management – Interest Rates and Refinancing Jan 15, 2021

🕔Jan 15, 2021
An increase in cash prices for corn and soybeans brightens the outlook for Illinois farm income in 2021, but continued uncertainty in the economy and market factors means careful farm […]

Covered Cropland vs. Cover Crops – Broadening the Perspective Jan 14, 2021

🕔Jan 14, 2021
Cover crops have environmental benefits, with many resulting from cover crops that over-winter, thereby absorbing nitrates in the early spring and building organic matter in soils over time.  Because they […]

Corn, Soybeans: Average Yields Across the Midwest, 2015-19 Jan 6, 2021

🕔Jan 6, 2021
Corn and soybean yields for the years from 2015 to 2019 are shown for Crop Reporting Districts (CRDs) in the Midwest. Also reported are corn-to-soybean yield ratios. Overall, corn-to-soybean yield […]

Illinois Corn, Soybeans: Payment Examples Under Enhanced Coverage Option Dec 23, 2020

🕔Dec 23, 2020
We provide payment examples for Enhanced Coverage Option (ECO) to aid in understanding of the new crop insurance option. We also show 2021 expected county yields for corn and soybeans […]

Illinois: Examining ECO Payments Across the State Dec 16, 2020

🕔Dec 16, 2020
Previous articles on Enhanced Coverage Option (ECO) provide a description of the product, evaluate the size of premiums, and give historical frequencies of payments. Herein we illustrate the years in […]

Illinois: How Often Would ECO Payments Have Triggered in the Past? Dec 14, 2020

🕔Dec 14, 2020
The Enhanced Coverage Option (ECO) is a new crop insurance program that will be available for the first time in 2021.  ECO can be used to supplement the coverage provided […]

Corn, Soybeans: Crop Insurance – Premiums for the Enhanced Coverage Option Dec 9, 2020

🕔Dec 9, 2020
Enhanced Coverage Option (ECO) will be available for the first time in 2021. With ECO, purchasers of Revenue Protection (RP) or other COMBO products can extend county-level coverage up to […]

Illinois: Revenue Protection Insurance – What Fits? Dec 2, 2020

🕔Dec 2, 2020
In 2020, Revenue Protection (RP) was used on 93% of insured acres in Illinois, making it by far the most popular crop insurance product. Herein, we examine coverage levels while insuring […]

Corn: Big Shifts In Who Grows It And How Much Nov 19, 2020

🕔Nov 19, 2020
This article examines the changing distribution of world corn production since 2000.  Data are from the US Department of Agriculture, Foreign Agriculture Service’s Production, Supply, and Distribution data base. This article is […]

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