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 Crop Insurance Evaluator tool provides helpful information to producers comparing costs and risk reductions across their available crop insurance alternatives.
This program calculates premiums, evaluates insurance payments, and provides historical data useful when making crop insurance decisions for multiple crops. Estimates are for crops in midwest and southeast states. Learn more on the farmdoc Daily crop insurance archive.…
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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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Impacts of Differences between RMA Projected Prices and Futures Prices on the Level and Frequency of Crop Insurance Indemnity Payments
The Projected Prices (PPs) for corn and soybeans for 2026 were recently released by the Risk Management Agency (RMA). Settlement prices for the December corn and November soybean futures contracts…
SCO, ECO, and the Probability of Regret
The Supplemental and Enhanced Coverage Option (SCO and ECO) insurance programs are receiving increased attention this year due, in large part, to the significant increase in subsidy rates. Prior analysis…
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.