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 crops in states that are harvested in 2019.
Historical Prevent Planting Payments: Implications for 2019
Historical data is used in this article to arrive at estimates of prevent planting payments in 2019. Based on historical information, per acre payment rates of $308 per acre for corn and $138 per acre for soybeans seen reasonable. Then,…
2019 Northern Illinois Crop and Prevent Plant Budgets in July
Overall, projections suggest low returns for corn, soybeans, and prevent plant acres in Northern Illinois, an area that has been hard hit with wet weather, delayed planting, and prevent planting. Corn and soybean returns are projected to be lower than…
Prevent Plant as Land Diversion Policy
Prevent plant corn and soybean acres may be a record in 2019. Prevent plant is an insurance product. It is also a conditional land diversion program. The condition is that an insured cause of loss, such as wet weather, delays…