2023 was the perfect opportunity to lock in profit using crop insurance. Many crop insurance products are sensitive to price. In 2023, the spring time Projected Price for corn was $5.91. At harvest time, the price declined to $4.88. This was over $1 decrease in price per bushel. The beauty [...]

In 2024, we are dealing with much tighter margins. The cost of production has come down some. But farmers are still dealing with high inputs along with a price that has declined rapidly. 85% Revenue Protection will not provide the same guarantee in 2024 that it did in 2023. In [...]

I reported a wide range of corn yields in 2023. There were dry areas, drier areas, and driest areas.... In the dry areas, yields were near record high. In the drier areas, yields were slightly less than their APH's. In the driest areas, yields were disappointing. In all cases, there [...]

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, [...]