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.
- USDA explains the various risk management programs provided by the government to producers here.
- Purdue University’s Center for Commercial Agriculture has a special section on managing farm risk.
- 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.
- Considering a relatively new Whole-Farm Revenue Protection policy? RMA has a Q&A on this new coverage.
- 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.
- The team of agricultural economists at farmdoc Daily provides analysis and crop insurance tools here.
- Wondering if you should add yield exclusion (YE) to your crop insurance policy? RMA explains how YE works here.
- Farm Credit Services of America, which sells crop insurance policies, has a number of helpful resources for growers, including key dates, list 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/)