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Crop Insurance Decisions in 2012 - Some Final Thoughts (March 1, 2012)
The Risk Management Agency (RMA) has now concluded its price discovery period used to determined final prices and volatility factors for federally sponsored corn and soybean crop insurance products for 2012. For the majority of the midwest, the Projected Price for corn is $5.68 and the volatility factor relating to the price risk is anticipated to be .22. For soybeans, the Projected Price is $12.55 and the volatility factor is likely to be .18. [farmdoc Daily] More... |
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Crop Insurance Use in 2011 and Suggestions for 2012 (February 28, 2012)
In 2011, most corn and soybean acres in Illinois were insured using Revenue Protection (RP) at a 75% or higher coverage level. At these coverage levels, most acres where insured using enterprise units. Similar percentages are likely in 2012.  More... |
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GRIP Payments in 2011? (February 24, 2012)
GRIP based on 2011 yields and prices will make payments in many central and southern Illinois counties. More... |
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Is RP with the Harvest Price Exclusion a Good Option for 2012? (February 21, 2012)
Revenue Protection (RP) with Exclusion is a viable alternative to RP, particualarly if RP with Exclusion is purchased at a 5 percent higher coverage level. More... |
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Projected Prices for Crop Insurance Based on First Two-weeks of February (February 14, 2012)
During February, projected prices used in crop insurance guarantees applicable to Midwestern states are set for corn and soybeans. These projected prices are the averages of daily settlement prices of Chicago Mercantile Exchange (CME) contracts during February, with the December contract used for corn and the November contract for soybeans.[farmdoc Daily] More... |
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Premiums on Trend-Adjusted APH Endorsements (February 7, 2012)
The Trend-Adjusted Actual Production History (TA-APH) allows farmers to increase yields used in calculating guarantees for plans within the COMBO product. [farmdoc Daily] More... |
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Group Risk Income Plan (GRIP) in 2012 (January 24, 2012)
GRIP premiums will increase in 2012 due to re-ratings. This may lead some farmers to re-evaluated using GRIP. More... |
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COMBO Crop Insurance Premium Changes in 2012 (January 18, 2012)
Reductions in 2012 Revenue Protection crop insurance for corn and soybean policies in Illinois are shown in this paper. More... |
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2012 Crop Insurance Decision Tool (January 10, 2012)
The 2012 Crop Insurance Decision Tool has been release [farmdoc Daily] More... |
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2011 IFES: Crop Insurance - New Features, Programs & Performance (December 23, 2011)
The Risk Management Agency has announced several important changes to available crop insurance programs for the 2012 crop year. Among the most important changes are the approval of the Trend Adjusted APH Yield Endorsement, major base rate revisions, and updates to several technical components in the rating system. [farmdoc Daily] More... |
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Trend-Adjusted APH Yield Endorsement (December 6, 2011)
Beginning with the 2012 crop year, farmers purchasing crop insurance for corn and soybeans in fourteen Midwestern states will have the option to use the Trend-Adjusted Actual Production History (TA-APH) Yield Endorsement. The TA-APH yield endorsement allows farmers to increase yields used in calculating crop insurance guarantees. More... |
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