Privately Developed Crop Insurance Products and the Next Farm Bill
Private parties have developed many crop insurance products offered by the Risk Management Agency (RMA)] through a 508(h) process. Herein, we describe that process and then illustrate some of the…
Safety Nets from Crop Insurance in 2023
The Risk Management Agency (RMA) has released 2023 projected prices for crop insurance. For Illinois and most Midwest states, projected prices are $5.91 per bushel for corn and $13.76 for…
RP vs. RP-HPE Insurance Decision: Premium, Cash Flow, and Forward Contracting
The decision between RP, crop revenue insurance, and RP-HPE, crop revenue insurance without the harvest price option (HPO) is discussed. RP-HPE has a lower premium and thus a lower cash…

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.