Crop Insurance Tools
The 2024 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 2024 iFarm Crop Insurance Payment Evaluator provides helpful information to producers comparing costs and risk reductions across their available crop insurance alternatives.
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View our Youtube Guide here.
This program calculates crop insurance historical use and performance back to 1996. …
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.
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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.
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.