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Crop Insurance Tools

Crop Insurance Premium Calculator

The 2021 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.

Crop Insurance Payment Evaluator

The 2021 iFarm Crop Insurance Payment Evaluator provides helpful information to producers comparing costs and risk reductions across their available crop insurance alternatives.

Price Distribution Tool

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.

Crop Insurance Decision Tool

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.

As an alternative to the executable tool you can download the spreadsheet here.

Catch up with the farmdoc Daily Article

View our Youtube Guide here.

ECO/SCO Payment Estimator

With this program, a user can estimate payments for individual farm level crop insurance products in addition to SCO and ECO.

As an alternative to the executable tool you can download the spreadsheet here.

Cover Crop Analyzer

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.

Crop Insurance Articles

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Crop insurance Decisions in 2022

Illinois farmers traditionally have used Revenue Protection (RP) at high coverage levels as their main choice of crop insurance. Continued use at high levels seems warranted in 2022, given the large increase in production costs. Adding the Supplemental Coverage Option…

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The Post Application Coverage Endorsement (PACE)

The Post Application Coverage Endorsement (PACE) provides payments when a farmer cannot apply nitrogen to corn after planting because of weather-related causes. Some farmers indicate they do not rely on post-plant nitrogen applications because of the risk of not being…

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Higher Wheat Crop Insurance Premiums and the 2022 Crop Insurance Decision Tool

The 2022 Crop Insurance Decision Tool is now available to quote premiums for 2022 wheat policies. In Illinois and much of the Midwest, the deadline for changing wheat policies is September 30. Wheat premiums likely will be much higher than…

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