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 […]

Illinois Soybeans: Will Crop Insurance Payments Offset Low Prices in 2018? Jul 18, 2018

🕔Jul 18, 2018
Trade disputes have roiled commodity markets and created substantial uncertainty about the impact on agricultural exports, especially to China. China’s response to the Administration’s proposed tariffs included tariffs on U.S. […]

Illinois Crop Insurance: Soybeans – Impacts of Lowering Coverage Levels Jan 24, 2018

🕔Jan 24, 2018
In 2018, some farmers are considering lowering coverage levels or eliminating crop insurance on soybeans. A primary motive for doing so is reducing cash flows in these times of negative […]

2016 Crop Insurance Performance: A Very Low Loss Year – CORRECTION May 17, 2017

🕔May 17, 2017
Editorial Note: This article has been modified from the original version published on May 16, 2017. In the previous version, loss ratios in Figure 1 reported loss ratios for corn […]

Illinois: High Yields Lead to Possible Low Crop Insurance Payments Nov 2, 2016

🕔Nov 2, 2016
Harvest prices used to determine crop insurance payments for corn and soybeans policies in Midwest states are based on settlement prices of Chicago Mercantile Exchange (CME) during the month of […]

Midwest Corn, Soybeans: Will Crop Insurance Pay in 2016? Aug 25, 2016

🕔Aug 25, 2016
With harvest approaching, questions on whether crop insurance will make payments this year are beginning to arise, particularly for corn where the prospects are for the harvest price to be […]

Net Farm Income Down 56% From 2013; More Red Ink to Come Apr 29, 2016

🕔Apr 29, 2016
USDA recently announced that they project net farm income to decline for a third straight year in 2016, and is expected to be the lowest since 2002. Government payments are […]

Farm Bill 2014: Payout is $5.2B, But it Could Have Been More Mar 24, 2016

🕔Mar 24, 2016
Introduction Payments by the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2014 crop year have totaled $5.2 billion so far. Intense criticism has accompanied them, […]

Crop Insurance: Online Payment Estimator Tool Available – Illinois FarmDoc Mar 9, 2016

🕔Mar 9, 2016
The FAST ARC-CO PLC Payment Estimator has been updated to include 2015 National Agricultural Statistical Service (NASS) yields. By using these yields, accurate estimates of 2015 Agricultural Risk Coverage – County […]

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