COMMON GROUND BLOG

Find trends and outlooks, education and more on financing rural America from Farm Credit Services of America.

More Content

Getting Your Crop Insurance in Order

The March 15 deadline for spring crops in much of the Corn Belt is fast approaching. The spring guarantee for corn is $3.96, up from $3.85 last year, and soybeans are $10.19, up from $8.85.

The best mix of coverage level and supplemental products, such as Crop Hail, differs by location and by year as premiums change.

But it’s not just about choosing your policy levels. Here are a few other things that are equally or more important to consider:

  • Entity changes in your business, including marital status, change in partners, trusts, etc.
  • Any new breaking or high-risk ground.
  • Options such as Yield Exclusion, Trend Adjustment, Enterprise/Optional Units and Coverage Level by Practice.

And don’t let Mother Nature lead you astray. Before you head to the field earlier than usual, check with your insurance team to make sure you’ve reached RMA’s initial planting date for your area. 

Changes to Whole Farm Revenue Protection make it more attractive – and maybe worth a second look -- for beginning farmers and livestock producers than in the past.

Perhaps most importantly, be sure you get full value from your insurance coverage by using it to bolster your confidence in making advance sales. The seasonal price strength period lies just ahead.

Questions? Contact your FCSAmerica crop insurance team.

COMMENTS

Load more comments
Your comment has been received and is being reviewed.
avatar

Comments are moderated and reviewed before they are posted on the site. View our terms of use.

YOU MIGHT BE
INTERESTED IN

Jun 9, 2023 | Crop Insurance

A Different Way to Manage Livestock Risk

Discover how livestock producers can manage risk with insurance options like Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM).

Jan 15, 2019 | Crop Insurance

New in 2019: Multi-county Enterprise Unit

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

May 12, 2022 | Crop Insurance

Risk Management Considerations Before Hail and Wind Damage

Learn more about hail and wind coverage as part of your risk management plan.

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.