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Crop Insurance: Final Versions of Spring 2019 Tools Released

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.

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Crop Insurance Tools

Crop Insurance Premium Calculator

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.

Crop Insurance Payment Evaluator

The 2019 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 – 2019 Spring

Calculates premiums, evaluates insurance payments, and provides historical data useful when making crop insurance decisions for crops in states that are harvested in 2019.

Crop Insurance Articles

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Corn Price Increases and Prevented Planting

This article documents the very late planting that is occurring in 2019, leading to the prospects of lower yields and higher than normal prevented planting from crop insurance. As a result, one suspects that corn prices will increase. For many…

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Prevented Planting Decision for Corn in the Midwest

Continued wet weather and saturated soils over much of the Midwest suggests that many farmers will be facing decisions on whether to take prevented planting.  Prevented planting is available for those individuals purchasing the Common Crop Insurance (COMBO) product. Once…

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Late Planting Decisions in 2019

Planting over much of the Midwest is seriously delayed. History suggests the odds have also increased for lower corn yields in 2019 than in 2018, and soybean yields likely will not be exceptional. Lower yields then potentially lead to very…

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