PRF (Pasture, Rangeland, Forage) is a crop insurance product used to protect against less than average rainfall.   Let's take a look at how PRF has performed so far in 2023.  Below is a chart showing the average rainfall for each PRF interval against the actual rainfall in 2023. This [...]

Many farmers were attracted to Margin Protection in 2023 due to the opportunity to lock in high prices, $6.11 on corn and $13.56 on soybeans. With reduced commodity markets in 2024, farmers may feel that Margin Protection lost it's value. But take and look and see. Higher expected county yields, [...]

Corn Butler 212.40 Franklin 208.10 Grundy 233.00 Hardin 212.60 Marshall 225.6   Soybeans Butler 58.6 Franklin 59.6 Grundy 66.7 Hardin 61.3 Marshall 64.9   If you would like to compare to 2023 Expected County Yields.

Here are the 2024 Margin Protection Prices:   Corn $5.09 Soybeans $12.95   Margin Protection can be purchased through September 30th.  

Here is an update on 2023 Margin Protection for corn before we head into harvest. Current Corn Overview  Projected Price $6.11 Variable Input Costs Projected vs Harvest The Harvest Price for interest and corn will be calculated in October. County yields will be determined next spring.   Since current price [...]

Here are a few crop insurance reminders: Revenue Protection Claims Corn Prices have declined from the $5.91 Projected Price. On September 1, December corn futures is at $4.81, $1.10 lower. If prices continue at this level, the probability of a Revenue Protection claim is high. Example: 220 APH x $5.91 [...]