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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

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.

As an alternative to the executable tool you can download the spreadsheet here.

Catch up with the farmdoc Daily Article

View our Youtube Guide here.

Post Application Coverage Endorsement Tool

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

As an alternative to the executable tool you can download the spreadsheet here.

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.

As an alternative to the executable tool you can download the spreadsheet here.

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.

Crop Insurance Articles

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Corn and Soybean Prevent Plant and the Dakotas

Since 2007, North and South Dakota have accounted for roughly 35% of US corn and soybean prevent plant acres vs. 9% and 12%, respectively, of acres planted to corn and…

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Crop Insurance Performance by Crop Persists Over Time

The Risk Management Agency (RMA) undertook a rating review that was published in 2011 because of relatively low loss ratios for some crops, including corn and soybeans. Revised ratings began…

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The 2021 Crop Insurance Loss Performance

The Risk Management Agency (RMA) recently realized 2021 county yields, thereby allowing payments to be made on area plans of insurance, including Supplemental Coverage Option (SCO) and Enhanced Coverage Option…

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