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Crop Insurance Tools

Crop Insurance Premium Calculator

The 2024 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 2024 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. Learn more on the farmdoc Daily crop insurance archive.

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Post Application Coverage Endorsement Tool

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

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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.

Crop Insurance Summary of Business Tool

This program calculates crop insurance historical use and performance back to 1996.  …

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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Pasture, Rangeland and Forage Rainfall Index Insurance: An Insurance Product for Illinois Livestock and Forage Producers

The Pasture, Rangeland and Forage Rainfall Index (PRF-RI) is a crop insurance product underutilized by Illinois livestock and forage producers. Only 6% of the eligible acres in Illinois were insured in 2024, much lower than use west of the Mississippi. Like other Federal crop insurance programs, PRF-RI is heavily subsidized. Over time, PRF-RI has returned $1.29 in payments for each $1.00 in producer-paid premium.

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Loss of US Farmland in the 21st Century, Part II: Regional Perspective for Major Land Use Categories from the Census of Agriculture

For all nine US regions, land in farms has declined in the 21st Century. Much has been written and said about the Midwest’s loss of cropland. However, cropland’s share of Midwest farmland and thus its relative importance in the Midwest increased. Specialization occurred in the use of farmland while pastureland declined the most in all nine regions. This decline was likely facilitated by the growth in confinement livestock operations.

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Loss of US Farmland in the 21st Century: The National Perspective from the Census of Agriculture

Since the 1996 Farm Bill’s seminal policy change that gave farmers the freedom to decide which crops to plant or not plant, land in US farms has declined by 75 million acres or -8%. Most (88%) of the decline occurred in pastureland. It is thus incorrect to equate the loss of farmland to a loss of cropland. Cropland has declined by only -2% while pastureland has declined by -13%. The sizable decline in pastureland is consistent with the growth in confinement animal production.

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