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Crop Insurance Tools

Crop Insurance Premium Calculator

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.

Crop Insurance Payment Evaluator

The 2022 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.

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View our Youtube Guide here.

Post Application Coverage Endorsement Tool

This program calculates premiums for PACE: Post Application Coverage Endorsement Insurance.

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

Margin Protection Tool

With this program, a user can examine the performance of margin protection insurance.

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Crop Insurance Articles

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The Case for a New Crop Insurance Product: Yield Protection with Harvest Price Option

This review of farmers’ crop insurance choices suggests offering another farm-level product: Yield Protection (YP) with the harvest price option (HPO).  YP-HPO would value shortfalls in yield at the higher…

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Decomposing Crop Revenue Insurance Indemnities into Type of Loss Covered

Individual farm crop revenue insurance covers losses from low yield, prevented planting, and low price.  We assess the relative role of these three types of loss by examining the indemnities…

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Margin Protection Revenue and Cost Components

Current high commodity prices and the current high-cost environment in 2023 brings new interest to the Margin Protection (MP) crop insurance product ahead of the 2023 MP decision deadline on…

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