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 […]

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, […]

Crop Insurance: Looking at the Enhanced Coverage Option – DTN Feb 23, 2021

🕔Feb 23, 2021
Crop insurance revenue guarantees are shaping up to be the highest in years, and while that translates into higher premiums, there’s a new supplemental option that, while pricey, offers an […]

High Grain Prices – How Many Bushels Should I Market? Feb 19, 2021

🕔Feb 19, 2021
How many bushels can you contract prior to harvest? The current high prices are attractive, but can you take advantage of it. This is a question that you probably ask […]

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: 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 […]

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 […]

Farm Programs: Supplemental Coverage Option – Is It Right for You? – Videos Mar 13, 2019

🕔Mar 13, 2019
Supplemental Coverage Option (SCO) was created after the passage of the 2014 Farm Bill. Before 2019, most farmers in the Midwest could not use SCO because SCO is only available […]

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