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Evaluate Your 2013 Crop Insurance Options
2013-03-05 22:22:00| Corn & Soybean Digest
Source: University of Illinois farmdocDaily 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 2013. For the majority of the Midwest, the projected price for corn is $5.65 and the volatility factor relating to the price risk is anticipated to be .20. For soybeans, the projected price is $12.87 and the volatility factor is likely to be .17. For comparison, the 2012 prices (volatility factors) were $5.68 (.22) and $12.55 (.18) for corn and soybeans, respectively. read more
Tags: options
insurance
evaluate
crop
Crop Insurance Deadline is March 15
2013-02-19 23:04:00| Corn & Soybean Digest
March 15 is the deadline to purchase crop insurance for the 2013 crop year. A good crop insurance program is a key part of a solid risk-management plan for a farm business. Farm operators are encouraged to discuss the Common Crop Insurance Policy (COMBO) insurance options, as well as other 2013 crop insurance needs and options with their crop insurance agent before the deadline.Focus on Ag read more
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crop
Distribution of Crop Insurance Net Farm Payments by Crop, State
2013-02-08 20:26:00| Corn & Soybean Digest
Source: University of Illinois farmdocDaily This post examines the distribution of net insurance payments by crop and by state. It briefly discusses two factors that help determine the distribution and ends with a discussion of policy issues, notably a potential alternative subsidy method that would change the distribution of payments. read more
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state
distribution
insurance
2013 Crop Insurance Projected Prices, Volatilities and Harvest Price Impacts
2013-02-01 21:45:00| Corn & Soybean Digest
Source: University of Illinois farmdocDaily The Risk Management Agency (RMA) "resets" various features of the crop insurance programs annually to reflect the market's estimate of the value of crops intended for production in the current year. Among the most important factors are projected prices, volatility factors and harvest prices. Projected prices directly determine the insurable value of production, and thus impact premiums as well. The volatility factor is a measure of the price risk the market associates with potential price changes in the production year, and thus directly impacts the calculated costs of insurance. Finally, the harvest price has the potential to increase the amount of insurance coverage in effect if prices increase between the end of the projected price discovery period and the harvest price determination period. read more
Tags: price
prices
insurance
projected
Will Crop Insurance Cover Your 2013 Production Costs?
2013-01-30 19:31:00| Corn & Soybean Digest
Source: Farmgate blog The evolution of crop insurance took a markedly positive turn when Revenue Protection (RP) was created, and now RP provides the higher of the spring or harvest price, without having to pay a higher premium. By opting out of the harvest price, there is some premium savings, but with the majority of farmers choosing RP, the only choice left is the coverage level: 75%, 80% or 85%. However, conservative thinking for 2013 may leave only one choice. read more
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costs
production
insurance