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 […]

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 […]

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 […]

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