Crop insurance payments will vary but farmers may get good payments

Crop insurance payments will likely vary this year, but economists say some farmers could walk away with some pretty good payments.

Ag Economist Gary Schnitkey with the University of Illinois says most farmers will not have large payments but some could cash in. That is because corn farmers will not need a yield loss to activate a payment, but others are looking at a combination of yields and prices to trigger an indemnity payment.

Analysts with DTn say there will likely be quite a few payments for corn this year, but that will not be the case for soybeans because those prices held better.