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 2020 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
Revenue Protection: The Most Used Crop Insurance Product
There has been a great deal of innovation in the crop insurance industry since the early 1990s. New products have been introduced, subsidy rates have been increased, and farmers have increased crop insurance use. We summarize trends in crop insurance…
Crop Insurance Performance in 2019
Late and prevented planting were prevalent across the Midwest in 2019. Prevented planting payments made up about one-third of total crop insurance payments, and those counties with large amounts of prevented plantings also had higher insurance payments than counties with…
Prevented Plant Impacts on 2019 Illinois Grain Farms Incomes
In 2019, many farmers in Illinois had prevented plant (PP) acres, acres that couldn’t be planted due to excessive moisture throughout the planting season. Previous analyses indicated that taking PP was an economically better alternative than planting. Even given its…