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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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Prevent Plant Decisions in Early to Middle of June

Many unplanted acres remain across the Corn Belt and in Illinois. As of the week ending on June 9, only 73% of the intended corn acres and 49% of the soybean acres have been planted in Illinois (Planting Progress, June…

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Dealing With Very Late Planting

Few people thought we’d see so little planting progress by now, but only 45% of the Illinois corn crop and 21% of the soybean crop were panted by June 2. Planting is going on in some places the first week…

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The Advisability of Planting Corn Declines Rapidly with Later Planting Dates

June 5 is the final planting date for corn in most of Illinois, Indiana, and Ohio. After that date, farmers can decide to plant corn or take a prevented planting payment for fields or partial fields they intended to plant…

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