CARMI, Ill. (RFD-TV) — As harvest continues across the country, crop insurance providers are finalizing projected harvest prices for insured crops. These figures play a key role in determining how policies perform and whether farmers will qualify for indemnities.
Brooks York with Agri-Sompo says this year’s focus is on where prices for major commodities stand heading into the final stretch. He explains that harvest prices are used to calculate actual revenues and compare them against coverage guarantees — a critical step in assessing potential losses.
York adds that lower discovery prices in some regions could trigger claims in certain areas of the country, which we might begin to see as the season wraps up.
Related Stories
After devastating wildfires swept through Nebraska, Sen. Deb Fischer is championing a bill to expedite the relief process for farmers and ranchers. She joins us with updates on recovery efforts, conditions on the ground, and how the ag community has stepped up to help.
The Mengel Dairy Farms case is a sobering reminder that “having insurance” is not the same as “having protection.”
Reported results include stronger in-season nitrogen response, average yield gains of more than seven bushels per acre and more than $18 per acre in net return.
Tony Adkins with Specialty Risk Insurance addresses current market challenges for farmers and ranchers and offers strategies to help producers navigate risk.
