Evaluating crop insurance options for 2014
click image to zoom Similar patterns to these results occur with soybeans, although with more muted magnitudes, and in many locations with relatively less valuable Area Protection options. These cases, and cases involving Basic units are also provided at the farmdoc website for most counties covering the majority of the corn belt plus Maryland.
Crop insurance is increasingly viewed as providing the cornerstone for active risk management programs, and its importance is elevated in environments with higher input costs and greater margin risk. The differences in underlying rates and starting price and volatility conditions can substantially impact the relative performance of the alternatives from year to year, and across different operations within a given year. Hopefully the iFARM Crop Insurance Tools will provide producers with insights needed to make informed crop insurance decisions most suitable for their own operations.
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