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
The Pennsylvania Farm Show continues through Saturday, wrapping up another successful year of celebrating agriculture in the Commonwealth.
Shaun Haney joined us to discuss Canada’s new trade agreement with China, the potential impact on farmers and exporters, and what it could mean for U.S.–Canada trade relations going forward.
National Corn Growers Association Chief Economist Krista Swanson discusses corn supply pressures, market fundamentals, policy considerations, and producer outlook for the year ahead.
Wind repowering offers a rare opportunity to renegotiate outdated leases and improve long-term land income for landowners who act early.
Iowa Secretary of Agriculture Mike Naig discusses market conditions, policy priorities, and his outlook for agriculture moving forward.
NEFB President Mark McHargue recaps the Farm Bureau’s Annual Convention, producer sentiment in Nebraska, and discusses key issues facing agriculture.
