Below are a few crop insurance reminders for the upcoming 2021 harvest season. Appraisals Chopping Silage: Need to get an appraisal if you have loss. Need to get an appraisal if you chop more than 50% of the unit. It is beneficial to get an appraisal in any situation. Grain Bin Measurements: Need to have [...]

Price is one of the biggest contributing factors to a Margin Protection claim payment. Right now the initial price is tracking around $5.09 for corn. Below are a few examples that illustrates Margin Protection's sensitivity to declining prices at harvest.   Let's take a look at a few 95% Margin Protection price scenarios when all [...]

Enhanced Coverage Option vs. Margin Protection. ECO and MP are both great tools to use as top end crop insurance coverage.  Although, you can't elect both ECO and MP coverage. Below is a list of similarities and differences between the products that can help you make a decision.   Here are a few similarities between [...]

Below are a few of the tops reasons that make Margin Protection attractive for 2022. 95% County Level Revenue Coverage Margin Protection can provide up to 95% county level revenue coverage. Different Price Discovery Period The discovery period for the initial price guarantee is calculated from August 15  to September 14. This can be beneficial [...]

Crop insurance is the foundation of your risk management plan. With a crop insurance policy called Revenue Protection, you are protected from a bushel loss and/or a price decline. It is common to see weather premium built into the market in the spring and summer timeframe. How can crop insurance help you take advantage of [...]

Below is a graph showing precipitation from April 1, 2021 to June 28, 2021 compared to the 5 year average.   Below is a graph showing precipitation from June 28, 2020 to June 28, 2021 compared to the 5 year average. Precipitation is based off www.climate.com. 

The final county yields are in for 2020. If ECO would have been available in 2020, would it have paid? Below is a graph showing the Expected County Yield vs. the Actual County Yield.  The difference between the Expected Revenue and Actual Revenue is shown in the table, along with the percentage. ECO (95%) would [...]

Earliest Plant Date Corn - April 11th Soybeans - April 21st *Follow the earliest plant date to insure replant coverage.    Final Plant Date Corn - May 31st Soybeans - June 15th *Follow the final plant date to insure full crop insurance guarantee.     

Crop Insurance Projected Prices were calculated in the month of February. Corn $4.58 Soybeans $11.87   These Projected Prices are higher than the past few years. Corn 2021 $4.58 2020 $3.88 2019 $4.00 2018 $3.96   Soybeans 2021 $11.87 2020 $9.17 2019 $9.54 2018 $10.16   Higher Projected Prices means more revenue coverage in 2021. [...]

Can't predict the future.... but can review historical data to see how Enhanced Coverage Option would have paid in the past. Below are charts that look back to see the number of years ECO would have triggered and the number of years the full ECO payment would have been paid. The last column provides a [...]