Evaluating Crop Insurance Options for 2014

Bruce Sherrick and Gary Schnitkey ( March, 2014 )

Summary

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 2014. The perennial question faced at this point in the year is: How can one sensibly evaluate their crop insurance options for their own case, reflecting current insurance information, current price expectations, and their own farm's operating conditions? The following materials provide one approach for evaluating the most important crop insurance product and election choices facing corn and soybean producers using the University of Illinois iFARM crop insurance evaluate.

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Organization

University of Illinois Extension

Publisher

farmdoc

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1064

Material Type

Written Material