Crop Insurance Tools
The 2022 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 2022 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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Privately Developed Crop Insurance Products and the Next Farm Bill
Private parties have developed many crop insurance products offered by the Risk Management Agency (RMA)] through a 508(h) process. Herein, we describe that process and then illustrate some of the…
Safety Nets from Crop Insurance in 2023
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…
RP vs. RP-HPE Insurance Decision: Premium, Cash Flow, and Forward Contracting
The decision between RP, crop revenue insurance, and RP-HPE, crop revenue insurance without the harvest price option (HPO) is discussed. RP-HPE has a lower premium and thus a lower cash…
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.