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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 and Soybean Crops at Mid-Season, 2019

The 2019 Illinois corn crop reached 50% planted during the first week of June, more than a month later than the average of the past five years. The soybean crop reached 50% planted a few days later than corn, and…

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Historical Prevent Planting Payments: Implications for 2019

Historical data is used in this article to arrive at estimates of prevent planting payments in 2019. Based on historical information, per acre payment rates of $308 per acre for corn and $138 per acre for soybeans seen reasonable. Then,…

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2019 Northern Illinois Crop and Prevent Plant Budgets in July

Overall, projections suggest low returns for corn, soybeans, and prevent plant acres in Northern Illinois, an area that has been hard hit with wet weather, delayed planting, and prevent planting. Corn and soybean returns are projected to be lower than…

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