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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View our Youtube Guide here.
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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Update on Historic Use of Crop Insurance Products in Illinois
Revenue Protection (RP) remains the most popular crop insurance plan used by Illinois farmers to insure their corn, soybean, and wheat acreage. In 2024, RP was used on 95% of…
A Mid-December Look at 2024 Crop Safety Net Payments
Discussion is occurring over ad hoc assistance for economic losses by crop producers resulting from the combination of low crop prices and continuing high production costs. Ad hoc assistance adds…
The 2025 Crop Insurance Decision Tool: Lower ECO Farmer-Paid Premium
The 2025 Crop Insurance Decision Tool has been released to aid in crop insurance decisions. It provides farmer-paid premiums for different federally regulated policies administered through the Risk Management Agency. Using 2024 projected prices and volatilities, farmer-paid premiums for most policies would be similar to last year, except those related to the Enhanced Coverage Option (ECO). ECO’s premiums will be lower because of an increase in premium support.
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.