We are closing in on the March 15th crop insurance deadline, and new crop prices are projected to be considerably lower than last year.
Compeer Financial expects corn to be in the $4.80 range, whereas last year it was close to $6. That amounts to less coverage and fewer dollars out there.
However, crop insurance ss still vital because it’s how producers protect break-evens and costs of production. A crop insurance officer tells Brownfield Ag News newer crop insurance products like supplemental coverage and enhanced coverage options are gaining popularity.
Crop insurance is one of the major players in why a new Farm Bill has not been passed.
