KEY CROP INSURANCE DATES

July 1, 2021

Premium Billing Date

Winter Wheat

July 15, 2021

Acreage Report Deadline

Corn, Soybeans, & Spring Wheat

August 15, 2021

Premium Billing Date

Corn, Soybeans, Spring Wheat, &
Winter Wheat & Spring Wheat on Same Policy – NE, SD 

August 20, 2021

Harvest Price Announced

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.

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CORN AND SOYBEAN MOISTURE ADJUSTMENT FACTORS

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

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
'11 6.01
'12 5.68
'13 5.65
'14 4.62
'15 4.15
'16 3.86
'17 3.96
'18 3.96
'19 4.00
'20 3.88
Harvested Corn Price History
Year Price
'11 6.32
'12 7.50
'13 4.39
'14 3.49
'15 3.83
'16 3.49
'17 3.49
'18 3.68
'19 3.90
'20 3.99
Projected Soybean Price History
Year Price
'11 13.49
'12 12.55
'13 12.87
'14 11.36
'15 9.73
'16 8.85
'17 10.19
'18 10.16
'19 9.54
'20 9.17
Harvested Soybean Price History
Year Price
'11 12.14
'12 15.39
'13 12.87
'14 9.65
'15 8.91
'16 9.75
'17 9.75
'18 8.60
'19 9.25
'20 10.55
Projected Winter Wheat Price History
Year Price
'11 7.15
'12 8.70
'13 8.79
'14 7.11
'15 6.41
'16 5.34
'17 4.74
'18 5.06
'19 5.84
'20 4.35
Harvested Winter Wheat Price History
Year Price
'11 7.57
'12 8.70
'13 6.99
'14 6.43
'15 5.43
'16 4.15
'17 5.06
'18 5.14
'19 4.40
'20 4.44

Calculation Periods

Find the commodity exchange price calculation periods for various crops.

Corn

Corn

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

Soybeans

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

CROP INSURANCE ABBREVIATIONS

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

Multi-county Enterprise Unit Endorsement

Farmers now can choose to combine acreage of an insured crop across county lines into a Multi-county Enterprise Unit Endorsement (MCEU). This allows farmers to qualify for the better EU premium rate on land that wasn’t eligible for an EU in the past.

The basics:

  • One county must qualify independently for EU; the other county must not qualify.
  • The land in the combined EU must all have the same elections (insurance plan, coverage level and practice, such as irrigated or nonirrigated).
  • The MCEU doesn’t combine the county crop policies – only all insured acreage of the crop/practice. Separate applications and policies are required for each county.
  • APH yields for each county are not impacted.
  • Premium, guarantee and liability will be calculated separately for each county based on the acres and actuarial documents for that county. But the EU premium discount will be determined by using the total acres in the MCEU.

Your Farm Credit Services of America crop insurance team has been trained to understand the rules involved. We are ready to help you assess whether the new MCEU would be advantageous to your operation.

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Jun 24, 2019 | Crop Insurance

Earlier Haying, Grazing and Chopping Allowed, RMA Says

This change does not change what is considered an approved cover crop.

Jul 16, 2019 | Crop Insurance

Painfully Slow Crop Progress

With planting finally ended, producers now face a waiting game, with crop progress well behind normal and weather not entirely cooperating.

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.