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 […]

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 […]

Crop Insurance: Breaking Down The Enhanced Coverage Option Nov 25, 2020

🕔Nov 25, 2020
ECO Coverage with Examples ECO triggers payments when county average revenue (yield) falls below 90% or 95% of expected county revenue (yield).  Expected revenues (yields) at the county level are […]

Illinois: Revenue Protection- The Most Used Crop Insurance Product Nov 18, 2020

🕔Nov 18, 2020
There has been a great deal of innovation in the crop insurance industry since the early 1990s. New products have been introduced, subsidy rates have been increased, and farmers have […]

Some Ag Aid Relief in Iowa – DTN Sep 4, 2020

🕔Sep 4, 2020
Agriculture Secretary Sonny Perdue used the trip to Iowa to declare 18 counties in the state as disaster areas for agriculture, allowing farmers hit by the derecho on Aug. 10 […]

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 […]

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