Farmdoc Search Subscribe About Contact Us friends of farmdoc
2014 farmdoc Webinars downloads
Home
Finance
Marketing & Outlook
Management
Law & Taxation
Policy
FASTtools
Crop Insurance
Presentations
Prices & Weather
Web Resources
Visit farmdoc daily

farmdoc Sponsors


farmdoc Sponsors

farmdoc Sponsors

Crop Insurance
iFarm Tools: 2014 Spring-Deadline Crops
simulator   Status: Available This tool returns estimates of premiums for available insurance products at each coverage election, and then calculates the expected frequency of payments, average payments, net costs, and risk reductions associated with alternative crop insurance products and election levels in an easily understood format. A graphical summary of the probability of achieving various levels of revenue with each product is also provided along with a tabulation of guarantee levels provided for each product and election combination. The tool presents a case farm with the Trend-Adjusted APH in counties where offered, and a standard base case in other counties. This tool will be updated periodically throughout the signup period to reflect the most current price environment during which crop insurance purchase decisions are made.
Load Payment Simulator
evaluator calculator   Status: Available This tool provides premiums that are useful when making crop insurance decisions for multiple crops. Estimates are for crops in states that are harvested in 2014. This tool will be updated periodically throughout the signup period to reflect the most current price environment during which crop insurance purchase decisions are made.
Load Premium Calculator
FAST Spring  

Status: Available This spreadsheet tool contains four components. The first computes farmer-paid premiums for different user entered parameters.; A "What-if" tool calculates insurance payments for user supplied prices and yields. A history of insurance payments and premiums can be found in the "Historical Analysis" section. The tool also allows comparison of farm yields to county yields.
Download Decision Tool (Required Microsoft Excel)

iFarm Tools: 2014 Fall-Deadline Crops
FAST Fall   Status: Available This spreadsheet tool contains four components.  The first computes farmer-paid premiums for different user entered parameters.  A "What-if" tool calculates insurance payments for user supplied prices and yields.  A history of insurance payments and premiums can be found in the "Historical Analysis" section.  The tool also allows comparison of farm yields to county yields.
Download Decision Tool (Requires Microsoft Excel)
Crop Insurance Publications
Coverage Level Choices for Revenue Protection in 2014 (January 14, 2014)
Over time, farmers have increased coverage levels on crop insurance. Perhaps this trend will not continue into 2014. However, lowering coverage levels will expose farmers to the potential of larger losses. More...
Area Risk Protection Insurance Policy: Comparison to Group Plans (January 7, 2014)
RMA has introduced a new county-level crop insurance product called the Area Risk Protection Insurance policy Coverage under ARPI is similar to Group policies. More...
Crop Insurance Premiums and Guarantee Levels for 2014 (December 10, 2013)
For corn, insurance premiums likely will be slightly lower than in 2013. Guarantees will be much lower in 2014 as compared to 2013. More...

See all the Crop Insurance Publications at farmdoc daily

click here   


 

Illinois Farm Managment Handbook

Information in this section is useful in a variety of crop insurance decisions. Click here for instructions on using the Crop Insurance Handbook.

Handbook Chapters Expand All CategoriesCollapse All Categories
Handbook Search Tool

Type your keyword and click the submit button. The search return page will show resource link titles that include your keyword.



Department of Agricultural and Consumer Economics    College of Agricultural, Consumer and Environmental Sciences
Home | Finance | Marketing & Outlook | Management | Law & Taxation
Policy | FAST Tools | AgMAS | Crop Insurance | Prices & Weather | Ag Links
Search | Subscribe | About farmdoc | Contact Us | friends of farmdoc
E-mail: farmdoc@illinois.edu
University of Illinois
Estimates 2010 farmer-paid crop insurance premiums for corn, soybeans and wheat in the North Central region. Additional quotes for Biotech Endorsement (BE) are included with corn policies for Illinois, Indiana, Iowa and Minnesota. Based on farm-level data, simulates premiums, expected payments, and risk reductions from crop insurance products. Available for corn and soybeans on representative farms in Illinois, Iowa, Indiana, Minnesota and Maryland. 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 that are harvested in 2010. evaluator