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Make the right crop insurance decision in time

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Make the right crop insurance decision in time

There is increasing pressure for producers to finalize their crop insurance decisions by March 15.th deadline.

University of Illinois According to experts, the expected price is quite high, but below the current futures price, some of the earnings guarantees are less valuable and less likely to be paid. However, they say that there are options to fix higher value and harvest price options are more valuable.

Bruce Sherrick of the University of Illinois states that it is important to use price distribution and other available tools.

“These prices were still $ 2 higher, but the insurance prices were $ 2 lower, and of course it produces a lower effective coverage level. But you really have a lot of insurance for that much money. I will. “

Sherrick said in a recent Farm Doc webinar that it is also important to assess regional impacts, as subsidy rates vary by coverage level and unit.

Gary Schnicky, chair of the ag strategy, says farmers should closely monitor prices until they make a final crop insurance decision and always discuss details of their own situation with a qualified agent. I will.



Make the right crop insurance decision in time

https://brownfieldagnews.com/news/making-the-right-crop-insurance-decisions-in-time/ Make the right crop insurance decision in time

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