Safety Nets from Crop Insurance in 2023
Link to Original farmdocDaily Article
The Risk Management Agency (RMA) has released 2023 projected prices for crop insurance. For Illinois and most Midwest states, projected prices are $5.91 per bushel for corn and $13.76 for soybeans. Those projected prices are some of the highest in history and will provide solid safety nets. Still, many operations will face losses before crop insurance guarantees make payments.
Listen to a March 2 interview with University of Illinois ag economist Gary Schnitkey and Nick Paulson about ARC/PLC and crop insurance decisions.…