Crop Insurance
Enrollment in the Average Crop Revenue Election program has been low, but changing the trigger from a state level to one closer to the farm level could boost benefits, according to a study by USDA-ERS.
Does the government make any money on crop insurance? That’s a viewer’s question during Customer Support. John breaks down is explanation.
Michigan farmer Michael Stamp is facing time behind bars. Both Michael Stamp, and his wife Melissa Stamp, entered separate plea agreements with U.S. attorneys this week in a bankruptcy case dating back to 2012.
Michigan farmer Michael Stamp is facing time behind bars. Both Michael Stamp, and his wife Melissa Stamp, entered separate plea agreements with U.S. attorneys this week in a bankruptcy case dating back to 2012.
Bayer subsidiary Climate Corporation recently announced an agreement with Farmer’s Mutual Hail Insurance Company of Iowa (FMH) to connect field data to FMH for crop insurance reporting.
Some farmers will receive higher prevent plant payments from the bill, but it’s not likely to be widespread unless Agriculture Secretary Sonny Perdue broadens the language.
With spring insurance prices of $4.00 for corn and $9.54 for soybeans, along with the bearish nature of futures prices, prevent plant premiums could be higher than profits from producing a crop.
If your planting is dramatically delayed and your weather forecast doesn’t look great, you may be considering the prevent planting option. You’re not alone.
Prevented planting decisions are always difficult, but market and policy dynamics make 2019 decisions even more difficult.