Crop Insurance Planning: Good Outlook for Unsold Grains, Base Acreage Adjustments Coming Next Year

Brooks York with Agrisompo joined us on Monday’s Market Day Report with some guidance on how producers can navigate their crop insurance claims for unsold grain crops.

CARMI, ILL. (RFD-TV) — With harvest complete for most farmers and crop insurance claims also drawing to an end, some farmers might find themselves with unsold bushels in the bin. Brooks York with AgriSompo joined us on Monday’s Market Day Report with some guidance on how producers can navigate their crop insurance claims on unsold grains.

In his interview with RFD-TV, York addressed whether crop insurance offers any protection from this point forward on a crop that has already been harvested. He also discussed the base acreage adjustments farmers will be able to make in the future, and how those changes can affect farmers’ crop insurance planning.

Finally, York discussed how the most recent November WASDE report, released by the USDA on Friday after the government shutdown ended, has since impacted markets.

Related Stories
“It all comes back to the timeliness. Are we going to be able to get in that field?”
“Last year, looking across all the critical sectors, about 5.5% of every ransomware attack that we saw impacted the food and agriculture sector.”
“If this workforce gets even tighter and tighter, you know, it’s going to drive some folks out of production.”

LATEST STORIES BY THIS AUTHOR:

USDA flash corn sales, Cattle on Feed and Inventory reports, and beef packer antitrust concerns dominate January agricultural market news.
U.S. Secretary of Agriculture Brooke Rollins said permanent access to the higher ethanol blend would provide farmers with much-needed certainty while supporting domestic crop demand.
Food prices increased in December, but not as much as expected, according to the latest Consumer Price Index from the U.S. Bureau of Labor and Statistics.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.
The Farm Bureau’s honor highlights the important role farm dogs play on operations across the country, serving as dependable workers and trusted companions.