These are blogs about farm insurance
PRF (Pasture Rangeland Forage) protects against a lack of rainfall during selected intervals throughout the year. Many of the PRF policies selected either the Aug-Sep Interval or the Sep-Oct Interval. In 2024, we became dry in Aug through Oct, even through the earlier months had adequate rainfall. Below you can see the shortage of average [...]
Harvest Prices set in the month of October: Corn $4.16 Soybeans $10.03 The Projected Prices set in the month of February: Corn $4.66 Soybeans $11.55 This is a $0.50 change in corn and $1.52 in soybeans. If you have a 220 APH on corn with 85% Revenue Protection, your bushel trigger would [...]
Margin Protection and ECO are 95% county revenue crop insurance products. Both products can provide similar value to your risk management strategy. But how do you choose which product is best for your operation? Here are a few differences in the products to consider: Margin Protection (MP) MP is a full liability product, which [...]
Now that we are in the sales season for 2025 Margin Protection. You may want to be updated on how the 2024 Margin Protection coverage is tracking. Some input cost harvest prices have been settled: DAP, diesel, potash, and urea. In October, the corn and interest harvest prices will be calculated. County yields will not [...]
Margin Protection's price was calculated from August 15th - September 14th. Corn's projected price is $4.40, based on December 2025 futures. Soybean's projected price is $10.42, based on November 2025 futures. This discovery price timeframe provides an opportunity to lock in a crop insurance well ahead of most crop insurance product prices that are set [...]
Here are the 2025 Expected County Yields for our area. These yields will be used for Margin Protection, ECO, and SCO coverage.
Margin Protection is a county based crop insurance product which provides up to 95% coverage. The goal of Margin Protection is to protect against low county yields, a decline in crop prices, and an increase in variable input costs. In 2023, yields were variable from county to county. There were low county yields due to [...]
ECO (Enhanced Coverage Option) is a county crop insurance product that provides up to 95% coverage. In 2023, the county revenue was less than expected. The biggest factor was the decline in prices. The Projected Price for corn was $5.91. At harvest, the price dropped to $4.88. This is over $1 decline! Some counties in [...]
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 of using Revenue Protection crop [...]
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