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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 – Spring 2023

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. Learn more on the farmdoc Daily crop insurance archive.

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Post Application Coverage Endorsement Tool

This program calculates premiums for PACE: Post Application Coverage Endorsement Insurance.

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.

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.

Margin Protection Tool

With this program, a user can examine the performance of margin protection insurance.

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Crop Insurance Articles

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Crop Insurance for Soybeans: The Low Loss Ratio Concern

Some farmers have asked about using crop insurance on soybeans, indicating that they have not received crop insurance payments in a very long time and wondering if purchasing crop insurance…

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Crop Insurance Premium in 2023

The 2023 Crop Insurance Decision Tool has been released and can be used to calculate premiums (click here for download).  We used the 2022 and 2023 versions of the tool…

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2022 Harvest Prices: Payments for 2022 and Indications for 2023 Projected Prices

Harvest prices for 2022 crop insurance products are $6.86 per bushel for corn and $13.81 for soybeans. Those harvest prices will generate few 2023 insurance payments across Illinois, and much…

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