September 30, 2023

Sales Closing Date & Purchase / Cancellation / Transfer / Change Date

Winter Wheat

November 5, 2023

Harvest Price Announced

Corn & Soybeans

November 14, 2023

Production History Due Date

Winter Wheat, & Winter Wheat & Spring Wheat on Same Policy

November 15, 2023

Acreage Report Deadline

Winter Wheat

Trigger Yield Calculator

Trigger yields assist producers with crop insurance and risk management decisions. Understanding what will trigger loss payments is an important part of choosing the correct level of crop insurance coverage.

The results provided by this tool are for estimation purposes only; actual loss triggers may vary. Contact your Farm Credit Services of America insurance officer for more information.

Crop Insurance Podcasts

Members of our experienced crop insurance team discuss how crop insurance and marketing goals can work together to provide the best financial return. Listen to our audio programs to learn more.



Moisture adjustment is applied prior to applying any qualifying quality adjustment factors such as test weight, kernel damage, etc.

Fall price discovery takes place every August/September. During the survey period, market expectations for prices are averaged to determine the fall crop insurance price. When combined with a farmer’s yield history, the fall prices and yield determine the level of revenue protection available during the crop year. Follow the page for daily updates through Sept. 14.


With the Revenue Protection plan, a price guarantee is set in both the spring (Projected) and fall (Harvest). Your final Revenue Guarantee is based on the higher of the spring or fall price. See how prices change from the time they are set before planting until harvest with our price history chart.

Projected Corn Price History
Year Price
'14 4.62
'15 4.15
'16 3.86
'17 3.96
'18 3.96
'19 4.00
'20 3.88
'21 4.58
'22 5.90
'23 5.91
Harvested Corn Price History
Year Price
'14 3.49
'15 3.83
'16 3.49
'17 3.49
'18 3.68
'19 3.90
'20 3.99
'21 5.37
'22 6.86
Projected Soybean Price History
Year Price
'14 11.36
'15 9.73
'16 8.85
'17 10.19
'18 10.16
'19 9.54
'20 9.17
'21 11.87
'22 14.33
'23 13.76
Harvested Soybean Price History
Year Price
'14 9.65
'15 8.91
'16 9.75
'17 9.75
'18 8.60
'19 9.25
'20 10.55
'21 12.30
'22 13.81
Projected Winter Wheat Price History
Year Price
'14 7.11
'15 6.41
'16 5.34
'17 4.74
'18 5.06
'19 5.84
'20 4.35
'21 4.98
'22 7.10
'23 8.77
Harvested Winter Wheat Price History
Year Price
'14 6.43
'15 5.43
'16 4.15
'17 5.06
'18 5.14
'19 4.40
'20 4.44
'21 6.34
'22 8.72

Calculation Periods

Find the commodity exchange price calculation periods for various crops.



  • Commodity Exchange: Chicago Board of Trade (CBOT)
  • Contract Month: December
  • Projected Price: February average daily settlement price
  • Harvest Price: October average daily settlement price


  • Commodity Exchange: CBOT
  • Contract Month: November
  • Projected Price: February average daily settlement price
  • Harvest Price: October average daily settlement price


Find common abbreviations and acronyms used to describe crop insurance plans and details.
  • Abbrev. Term
  • AF Annual Forage
  • AIP Approved Insurance Provider
  • APH Actual Production History
  • APHTH Actual Production History Transfer History
  • AR Acreage Report
  • ARD Acreage Reporting Date
  • ARPI Area Risk Protection Insurance
  • BFR Beginning Farmer and Rancher
  • BP Common Crop Insurance Policy Basic Provisions
  • BU Basic Unit

Crop Insurance Information

Make the Most of your Revenue Insurance

Revenue insurance isn’t just about growing a crop, it’s about selling a crop.

If you aren’t taking advantage of the peace of mind Revenue Protection (RP) affords for forward pricing, you may be leaving money on the table. In the current price environment, pennies, nickels and dimes can mean the difference between a financially successful year and one that burns equity.

Most years, prices rally on production uncertainty during the growing season, as illustrated by the corn chart below. On average, the best pricing opportunities (green-shaded area) for corn and soybeans are seen during the growing season.

monthly average december corn futures

There are many ways to look at crop pricing opportunities but our purpose here is not to address when to market your crop. We’ll discuss seasonal probabilities just enough to set the stage for a discussion of the possible benefits crop insurance can bring to the marketing table.

The chart above shows the 10-year monthly average closing price for December corn futures. As you can see, July has offered the highest average price, followed by the months on either side. Once the crop is made and harvest is coming, prices have averaged about 20¢ less.

What averages don’t show the swings between highs and lows. During this 10-year period, the price difference between high and low average monthly closes in a given year ranged from 83¢ to $3.50/bu.

This is not to imply farmers should try to hit the high with sales. It just points out that you have better odds of above average prices by pricing at least part of your crop on growing season uncertainties than once the crop is made. June, July and August each had the highest average twice in the 10 years, while January, April, May and December were highest one year each. On the other hand, September, October and November never had the highest price average. They each did have the lowest price average several times, however: September, three times, October, once and November, twice.

Also notice that although February wasn’t the highest price month in any year, crop insurance guarantees perform quite well, on average.

How Revenue Insurance Helps

The risk of forward pricing before the crop is harvested in order to capture seasonal price strength is failing to grow enough bushels and being forced to buy replacement bushels to fill the contract – possibly at a higher price.

Here’s how to integrate your revenue insurance and your marketing plan. First, calculate your insured bushels and expected uninsured bushels. For instance, if your APH is 170 bu. and you buy 80% coverage, 136 bu. are covered; 34 bu. are not. Perhaps expected yield is higher than your APH, adding to noninsured bushels. On seasonal price strength, you might hedge or forward contract the 136 bu.

To protect the price on the uninsured bushels, you might consider buying put options because options don’t have any delivery risk. If prices rise, the option simply expires worthless. If they fall, you can either sell the option or exercise it and add the profit to your cash price.

Given RP’s fall price adjustment, in a year when a weather event causes a shortfall and prices rise, your indemnity payment helps cover your contract responsibilities. Suppose a late-season drought dings corn yield but soybean yields plummet; corn price doesn’t respond but soybean price jumps $5/bu. during the fall price discovery period. This is a simplified example that doesn’t consider basis. It is not meant to portray price outlook, nor does it discuss every possible price outcome. It is just meant to illustrate the connection between crop insurance and advance sales.

In the current economic environment, having the right crop insurance is the first step. Knowing your cost of production and formulating a marketing plan is the second. Understanding how the two to work together is critical.



Crop Insurance

Enhanced Coverage Option for Crop Insurance

Enhanced Coverage Option is area-based coverage that can be added on top of individual crop insurance coverage.

Crop Insurance

Updates Make LRP Better Risk Management Tool

It’s not often that livestock producers have an improved way to manage risk. Here we explain how updates to LRP work to the advantage of livestock operations.

Crop Insurance

Multi-county Enterprise Unit Endorsement

Contact your local FCSAmerica insurance agent to learn if the new MCEU would be advantageous to your operation.

Ready to Talk?

Contact us if you have questions or need more information. Fill out the form, or connect with your local office using the Office Locator.

FCSAmerica serves farmers, ranchers, agribusinesses and rural residents in Iowa, Nebraska, South Dakota and Wyoming. For inquiries outside this geography, use the Farm Credit Association Locator  to contact your local office.