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2013 Crop Insurance Premiums, Decision Tool
2013-01-08 21:36:00| Corn & Soybean Digest
Source: University of Illinois farmdocDaily The 2013 version of the Crop Insurance Decision Tool is now available for download from the FAST section and Crop Insurance section of farmdoc. If projected prices and volatilities are the same as last year, most corn and soybean premiums in Illinois will be lower in 2013 as compared to 2012. read more
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Tax Tips: Options for Reporting Crop Insurance Payments
2013-01-02 22:17:00| Corn & Soybean Digest
Source: University of Illinois farmdocDaily Approximately 80% of Illinois farmers purchased various types of crop insurance on their 2012 crops. The total premiums for these policies were over $770 million. It is projected that the total claims will exceed twice the amount of the premiums. If farmers do not defer their crop insurance proceeds until 2013, they will have an additional $1.5 billion of taxable income this year. read more
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