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 [...]

Precision reporting is the best way to keep crop insurance records. You only need 3 items! 1. Planting Map 2. Harvest Map 3. Calibration Report Planting For acreage reporting, you get to use your actual planted acres, not FSA acres. The acres do not have to match! In many cases, [...]

Worried about combine fire this fall? Your Revenue Protection Policy does NOT provide coverage for combine fire. You do have fire coverage on your Crop Hail Policy. What if you don't have a Crop Hail Policy? You can purchase a Grain Fire Policy before harvest to cover your crop. The [...]

Yield Guarantee Crop insurance is a great risk management tool to use to guarantee bushels. Price Guarantee Price guarantee works similar to a put option, you are selling a floor price in February. If the harvest price is lower, you may collect an insurance indemnity. If the harvest price is [...]

Here are the crop insurance prices for the 2022 season. Corn Harvest Price $6.86 Spring Price $5.90 Soybeans Harvest Price $13.81 Spring Price $14.33   Many farmers carry Revenue Protection, which guarantees the higher of the spring or fall price. This year the harvest price for corn is higher than [...]