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8 Useful Crop Insurance Links You’ll Want to Bookmark

8 Useful Crop Insurance Links You’ll Want to Bookmark

Got crop insurance questions? If so, you’re not alone. With corn prices below $4, soybeans hovering around $9 and wheat below $5, many producers are looking closely at costs and wondering what type of coverage they can afford in 2016.

Here are some useful links to help you in your decision-making process.

  1. USDA explains the various risk management programs provided by the government to producers here.
  2. Purdue University’s Center for Commercial Agriculture has a special section on managing farm risk.
  3. Crop insurance decision tool from USDA’s Risk Management Agency (RMA). You’ll obviously want to talk to your agent, but this interactive toolprovides a starting point for discussion on commodity crops like corn, cotton, sorghum, wheat, rice, barley and soybeans.
  4. Considering a relatively new Whole-Farm Revenue Protection policy? RMA has a Q&A on this new coverage.
  5. Interactive price discovery tool from RMA. It’s a little involved, but this online tool will give you some sense of projected prices for various crops in different counties around the country.
  6. The team of agricultural economists at farmdoc Daily provides analysis and crop insurance tools here.
  7. Wondering if you should add yield exclusion (YE) to your crop insurance policy? RMA explains how YE works here.
  8. Farm Credit Services of America, which sells crop insurance policies, has a number of helpful resources for growers, including key dateslist of acronyms, trigger yield charts for corn, wheat and soybeans; crop insurance news, and more.

(Source – http://www.agweb.com/article/8-useful-crop-insurance-links-youll-want-to-bookmark-naa-alison-rice/)

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