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    Crop Insurance: Consider RP with Harvest Price Exclusion in Conjunction with the Enhanced Coverage Option Feb 25, 2022

    🕔Feb 25, 2022
    Given the same coverage level, Revenue Protection with the harvest price exclusion (RPhpe) has a much lower premium than Revenue Protection (RP). Both RPhpe and RP can be combined with […]

    Commodity Safety Net Programs Enrollment Deadline is March 15 Feb 22, 2022

    🕔Feb 22, 2022
    USDA’s Farm Service Agency reminds growers who have not yet enrolled in the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs for the 2022 crop year have until […]

    Crop Insurance: Enhanced Coverage Option – Return and Risk Results Feb 17, 2022

    🕔Feb 17, 2022
    The Enhanced Coverage Option (ECO) allows farmers to add a layer of county-level insurance from either a 90% or 95% coverage level down to 86%. Use of ECO will increase […]

    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 […]

    Crop Insurance: Supplemental Area Insurance and Basis Risk Measures May 6, 2021

    🕔May 6, 2021
    The Enhanced Coverage Option (ECO) is a new supplemental insurance program introduced this year, providing county coverage from 90% or 95% coverage level down to 86%. The Supplemental Coverage Option […]

    Corn: Crop Insurance Coverage Levels and ECO Use May 5, 2021

    🕔May 5, 2021
    Enhanced Coverage Option (ECO) became available as an add-on to a farm-level crop insurance product in 2021. While available for other plans, we focus on Revenue Protection (RP) in this […]

    Crop Insurance: RP, ECO, and SCO Tradeoffs Mar 4, 2021

    🕔Mar 4, 2021
    For the past several years, many farmers in the Midwest purchased Revenue Protection (RP) crop insurance at an 85% coverage level (RP-85%). Due to both higher projected prices and volatilities, […]

    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 […]

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