Introducing the Crop Insurance Summary of Business Tool
Information on crop insurance performance is now available in a new spreadsheet tool in the farmdoc FAST Tool lineup. The Crop Insurance Summary of Business Tool provides county-level summaries of…
Examining the Restriction on Using SCO Insurance for Acres in ARC
In general, little relationship was found to exist between SCO payment per SCO insured acre and ARC-CO and PLC payment per base acre for barley, corn, oats, peanuts, long and medium grain rice, Japonica rice, sorghum, soybeans, and wheat over the 2015-2022 crop years. This finding raises questions about why SCO insurance can be purchased for historical base acres elected into PLC but not for historical base acres elected into ARC-CO.
Use of Supplemental Coverage Option by Crop
Current use of SCO is relatively highest for crops associated with the South and relatively lowest for crops associated with the Midwest. Assuming current use is an indicator of future use, increases in SCO’s subsidy and coverage level will likely have the most relative benefit for crops associated with the South and the least relative benefit for crops associated with the Midwest, although both sets of crops will likely increase their use of SCO since farm-paid premiums will be lower.
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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.