Sep 18, 2014
Home| Tools| Blogs| Discussions| Sign UpLogin

What to Know about Crop Insurance

January 1, 2013
By: Katie Humphreys, Farm Journal Managing Editor

The following information is a Web Extra from the pages of Farm Journal. It corresponds with the article "Coverage Considerations." You can find the article in Farm Journal's 2013 January issue.

 

Access the Risk Management Agency’s Crop Insurance Cost Estimator to determine a general premium estimate for your farm.

See which crops can be insured in your county, according to USDA.

Insight from Crop Insurance Experts

Use Crop Insurance to Hedge Volatility

Jamie Wasemiller, Gulke Group analyst and owner of Wasemiller Insurance Agency, says crop insurance has become more of a hedging tool, than it was in the past. "You can use crop insurance to create a revenue floor. You can also create a cushion and mitigate risk."

 

2013 Crop Insurance Planning

When planning crop insurance coverage for 2013, consider whether a T-yield substitution makes sense to bring your actual production history (APH) average up in light of the recent drought, says Dr. Ray Massey, a University of Missouri professor of agricultural economics.

 


NCIS Adjuster Schools in Action

Learn how crop insurance adjusters estimate losses in crop fields.
 

 

Crop indemnity maps:

Below is the most-recent map detailing indemnity payments on the county level from USDA's Risk Management Agency.

(click to enlarge)
Crop Indemnities 12 24 12

 

Compare the last five years of indemnity levels by county (around Dec. 10) from RMA.

 


 

 

See Comments

FEATURED IN: Farm Journal - January 2013
RELATED TOPICS: Farm Business, Crop Insurance

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive Top Producer's eNewsletter today!

 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions