Crop Insurance Tools
The 2021 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.
The 2021 iFarm Crop Insurance Payment Evaluator provides helpful information to producers comparing costs and risk reductions across their available crop insurance alternatives.
As an alternative to the executable tool you can download the zip file here.
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View our Youtube Guide here.
As an alternative to the executable tool you can download the spreadsheet here.
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 Coverage Levels and ECO Use on Corn
Enhanced Coverage Option (ECO) became available as an add-on to a farm-level crop insurance product in 2021. While available for other plans, we focus on Revenue Protection (RP) in this article. Farmers who purchase Revenue Protection (RP) now have the…
Crop Insurance Decisions for 2021
The 2021 price discovery period used to determine projected prices and volatility factors for Federally-sponsored corn and soybean crop insurance products is completed for areas with a 3/15 sales closing date (SCD). For the majority of the corn belt, the…
RP, ECO, and SCO Tradeoffs
For the past several years, many farmers in the Midwest purchased Revenue Protection (RP) crop insurance at an 85% coverage level (RP-85%). Due to both higher projected prices and volatilities, RP-85% will have about double the premium costs in 2021…
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.