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.
This program calculates premiums, evaluates insurance payments, and provides historical data useful when making crop insurance decisions for multiple crops. Estimates are for crops in midwest and southeast states. Learn more on the farmdoc Daily crop insurance archive.…
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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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Monetizing Crop Risk into Crop Payments
US federally subsidized crop insurance has monetized field crop production risk into a multi-billion dollar income flow to farmers. Monetized value has grown with higher market value of production, higher premium subsidies, higher coverage levels, and, recently, higher use of area add-up insurance. Monetization will continue as the 2025 Farm Bill has raised premium subsidies for nearly all insurance products including an 80% subsidy for 95% coverage ECO area add-up insurance.
2025 Crop Insurance Harvest Prices for Corn and Soybeans
The harvest price discovery period for Federal crop insurance for corn and soybeans in the Midwest concluded on October 31st, 2025. Harvest prices are $4.22 per bushel for corn and $10.35 per bushel for soybeans. Both are below their projected prices. The corn harvest price is 10.2% lower; the soybean harvest price is 1.8% lower.
Apiculture Rainfall Index Insurance: An Insurance Product for Beekeeping Operations of All Sizes
The Apiculture Rainfall Index Insurance program (API) is a crop insurance product underutilized by Illinois beekeepers. According to USDA estimates, fewer than 2% of Illinois colonies were enrolled in API in 2023. Like other Federal crop insurance programs, API is heavily subsidized. Since 2009, API has returned an average of $2.11 in payments for each $1.00 in U.S. beekeeper-paid premium. There is no minimum number of colonies required to buy an API policy.
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.