Crop Insurance Tools
The 2024 iFarm Crop insurance Premium Calculator allows users to develop highly customized estimates of their crop insurance premiums, and compare revenue and yield guarantees across all available crop insurance products and elections for their actual farm case.
The 2024 iFarm Crop Insurance Payment Evaluator provides helpful information to producers comparing costs and risk reductions across their available crop insurance alternatives.
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This program calculates crop insurance historical use and performance back to 1996…
The cover crop project seeks to provide farmers with a practical web-based decision support tool designed to help manage cover crops in their fields. The project makes use of existing research to demonstrate the potential for cover crops, as well as providing useful information for decision making and management of this practice. It will also seek to apply future research on cover crops as results are incorporated into updates and new iterations of the tool. This remains a work in progress with a goal towards adapting with the science.
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Performance of SCO and ECO in the Midwest
Supplemental Coverage Option (SCO) is a county-level insurance product that adds a band of coverage over the underlying COMBO crop insurance product up to an 86% coverage level. Enhanced Coverage…
Crop Insurance and Statutory Reference Prices
Over the last ten crop years, net crop insurance payments per insured acre varied by a factor of 10 times across program crops even when expressed relative to total economic cost of production. Not taking net crop insurance payments into account raises the possibility that the farm safety net of crop insurance and commodity programs may support more than the economic cost of producing a crop, thus potentially putting upon upward pressure on production costs and stimulating production.
Crop Insurance Loss Performance in Illinois and the Midwest
Since the inception of the modern crop insurance performance program, Illinois and the Midwest have had relatively low loss ratios compared to other areas of the country. This result holds…
The farmdoc Crop Insurance section offers iFARM online tools including the Premium Calculator, Payment Evaluator and Price Distribution Tool. These tools are updated annually during the Spring crop insurance election period.