Illinois: 2021 Corn, Soybean Yields – Implications for Crop Insurance, Commodity Title Payments Mar 23, 2022

🕔Mar 23, 2022
The National Agriculture Statistics Service (NASS) recently released county yields. NASS county yields are not the same yields that will be used to calculate Agriculture Risk Coverage at the county […]

Corn, Soybeans: Revenue Protection Crop Insurance and Prices Rising from Spring to Fall Aug 7, 2021

🕔Aug 7, 2021
Storm damage has been felt by many Nebraska farmers this growing season. Crop insurance is a useful tool to help farmers mitigate production losses coming from storm damage. However, given […]

Crop Insurance: How Likely Is Supplemental Area Coverage to Over-Compensate for Damage? May 7, 2021

🕔May 7, 2021
Yesterday, we examined the likelihood that payments from crop insurance policy combinations utilizing SCO and ECO would under-compensate farm-level losses compared to using a higher level RP policy, also referred […]

Midwest Corn: Crop Insurance – Potential Payouts from Enhanced Coverage Option Feb 24, 2021

🕔Feb 24, 2021
Payments from the crop insurance add-on Enhanced Coverage Option (ECO) at different prices and yields are illustrated in this article. Since ECO coverage levels are high, ECO will make payments […]

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 […]

Net Farm Income Rising Thanks to Govt. Payments – DTN Sep 4, 2020

🕔Sep 4, 2020
Despite the pandemic, or because of government response to it, the U.S. farm sector is projected to have stronger income for 2020 than a year ago. The latest projections for […]

Crop Insurance: How Do Adverse Planting Conditions Affect Payment Timing? Sep 4, 2020

🕔Sep 4, 2020
The purpose of this article is to examine when losses that trigger crop insurance indemnities primarily occur. Early season excess moisture in 2019 allowed losses to become measurable much earlier […]

Crop Insurance: How Did 2019 Loss Ratios Compare to Previous Years? Jul 29, 2020

🕔Jul 29, 2020
Late and prevented planting were prevalent across the Midwest in 2019.  Prevented planting payments made up about one-third of total crop insurance payments, and those counties with large amounts of […]

Corn, Soy Prevented Planted Payments May Top $3.5Bln Jul 10, 2019

🕔Jul 10, 2019
Historical data is used in this article to arrive at estimates of prevent planting payments in 2019. Based on historical information, per acre payment rates of $308 per acre for […]

Illinois: Crop Insurance – Soybean Harvest Prices Lowest Since 2006 Nov 7, 2018

🕔Nov 7, 2018
The 2018 harvest prices used to determine revenue on crop insurance products are $3.68 per bushel for corn and $8.60 per bushel for soybeans. While both the corn and soybean […]

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