Editor's Picks
Tag: revenue protection
USDA Announces Changes To Whole Farm Revenue Protection And Micro Farm Policies Sep 1, 2023
WASHINGTON, – The U.S. Department of Agriculture (USDA) today announced that it is improving crop insurance options for small and diversified farmers through improvements to the Whole-Farm Revenue Protection (WRFP) […]
Crop Insurance: The Case for a New Product – Yield Protection with Harvest Price Option Sep 23, 2022
This review of farmers’ crop insurance choices suggests offering another farm-level product: Yield Protection (YP) with the harvest price option (HPO). YP-HPO would value shortfalls in yield at the higher […]
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 […]
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 […]
Corn, Soybeans: Revenue Protection Crop Insurance and Prices Rising from Spring to Fall Aug 7, 2021
Storm damage has been felt by many Nebraska farmers this growing season. Crop insurance is a useful tool to help farmers mitigate production losses coming from storm damage. However, given […]
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 […]
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, […]
Crop Insurance: Looking at the Enhanced Coverage Option – DTN Feb 23, 2021
Crop insurance revenue guarantees are shaping up to be the highest in years, and while that translates into higher premiums, there’s a new supplemental option that, while pricey, offers an […]
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