Crop Insurance
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.
Latest in Crop Insurance
The Spring 2019 Crop Insurance Tools were released on March 1. This includes the iFarm Premium Calculator, Payment Evaluator and Price Distribution tool available online and the FAST Decision Tool available as an Excel spreadsheet.
Crop Insurance Tools
The 2019 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 2019 iFarm Crop Insurance Payment Evaluator provides helpful information to producers comparing costs and risk reductions across their available crop insurance alternatives.
The iFARM Price Distribution Tool uses current option market prices to derive estimates of the probability distribution of prices at the expiration of an underlying corn and soybean futures contracts.
Calculates premiums, evaluates insurance payments, and provides historical data useful when making crop insurance decisions for multiple crops. Estimates are for crops in states that are harvested in 2020.
IFES 2019: What Did We Learn from Delayed Planting: Farm Management Implications
In 2019, much of the Illinois corn crop was planted in June, with many acres planted after final planting dates for crop insurance. Because planting occurred after final planting dates, farmers could have taken prevent plant payments on corn policies.…
Decoding Prevent Plant Acres for Corn and Soybeans
Puzzlement has surrounded prevent plant acres for corn in 2019. Specifically, using November 1 data from USDA, FSA, how can corn have 11.4 million prevent plant acres when corn planted (plus failed) acres are 87.1 million? One potential reason explored…
farmdoc and farmdoc daily Crop Insurance Contributions – 20 years and Counting
In preparation for the 20th Anniversary of the farmdoc program, we are highlighting several of the central themes that have persisted through time and are identifying some of the ways in which the farmdoc program has responded to, and continues…