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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.

Catch up with the farmdoc Daily Article

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.

Crop Insurance Articles

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Tracking Corn and Soybean Prevent Plant in 2022, Part II

A key pricing variable for US corn and soybeans planted in 2022 is the acres elected into crop insurance prevent plant program.  US planting progress as of June 5 is assessed.  Historical relationships estimate prevent plant acres in 2022 at…

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Tracking Corn and Soybean Prevent Plant in 2022

Crop insurance’s prevent plant provision has the potential to reduce planted acres if weather delays planting until prevent plant’s first decision date.  This potential is especially relevant in 2022 with its tight supply-demand balance.  Planting progress as of May 15…

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Prevent Plant Policy Options

As discussed in the May 4, 2022 farmdoc daily, crop insurance’s prevent plant provision has the potential to notably reduce planted acres if planting is delayed by weather until prevent plant’s first decision date.  This potential is important in years…

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