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 […]

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 […]

Illinois: Crop insurance Decisions in 2022 Jan 26, 2022

🕔Jan 26, 2022
Illinois farmers traditionally have used Revenue Protection (RP) at high coverage levels as their main choice of crop insurance. Continued use at high levels seems warranted in 2022, given the […]

Corn, Soybeans: Revenue Protection Crop Insurance and Prices Rising from Spring to Fall Aug 7, 2021

🕔Aug 7, 2021
Storm damage has been felt by many Nebraska farmers this growing season. Crop insurance is a useful tool to help farmers mitigate production losses coming from storm damage. However, given […]

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 […]

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