Editor's Picks
Tag: enhanced coverage option
Crop Insurance: SCO and ECO Program Use Aug 10, 2022
Since 2014, supplemental area plans of insurance have been introduced into the Federal crop insurance program. These supplemental area plans – the Supplemental and Enhanced Coverage Options (SCO and ECO) […]
Crop Insurance: Consider RP with Harvest Price Exclusion in Conjunction with the Enhanced Coverage Option Feb 25, 2022
Given the same coverage level, Revenue Protection with the harvest price exclusion (RPhpe) has a much lower premium than Revenue Protection (RP). Both RPhpe and RP can be combined with […]
Commodity Safety Net Programs Enrollment Deadline is March 15 Feb 22, 2022
USDA’s Farm Service Agency reminds growers who have not yet enrolled in the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs for the 2022 crop year have until […]
Crop Insurance: Enhanced Coverage Option – Return and Risk Results Feb 17, 2022
The Enhanced Coverage Option (ECO) allows farmers to add a layer of county-level insurance from either a 90% or 95% coverage level down to 86%. Use of ECO will increase […]
Illinois: Crop insurance Decisions in 2022 Jan 26, 2022
Illinois farmers traditionally have used Revenue Protection (RP) at high coverage levels as their main choice of crop insurance. Continued use at high levels seems warranted in 2022, given the […]
Crop Insurance: How Likely Is Supplemental Area Coverage to Over-Compensate for Damage? May 7, 2021
Yesterday, we examined the likelihood that payments from crop insurance policy combinations utilizing SCO and ECO would under-compensate farm-level losses compared to using a higher level RP policy, also referred […]
Crop Insurance: Supplemental Area Insurance and Basis Risk Measures May 6, 2021
The Enhanced Coverage Option (ECO) is a new supplemental insurance program introduced this year, providing county coverage from 90% or 95% coverage level down to 86%. The Supplemental Coverage Option […]
Corn: Crop Insurance Coverage Levels and ECO Use May 5, 2021
Enhanced Coverage Option (ECO) became available as an add-on to a farm-level crop insurance product in 2021. While available for other plans, we focus on Revenue Protection (RP) in this […]
Crop Insurance: RP, ECO, and SCO Tradeoffs Mar 4, 2021
For the past several years, many farmers in the Midwest purchased Revenue Protection (RP) crop insurance at an 85% coverage level (RP-85%). Due to both higher projected prices and volatilities, […]
Midwest Corn: Crop Insurance – Potential Payouts from Enhanced Coverage Option Feb 24, 2021
Payments from the crop insurance add-on Enhanced Coverage Option (ECO) at different prices and yields are illustrated in this article. Since ECO coverage levels are high, ECO will make payments […]
