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Corn+Soybean Digest

Considerations for crop insurance coverage

The dealine for 2015 crop insurance elections is just days away. As you finalize your choices, consider the following: what coverage is best for your farm, and look at all available options, particularly new ones from the 2014 Farm Bill.

Joe Beland, vice president, crop insurance, Farm Credit Services of America, recommends that farmers really take a look at their needs this year, and focus on what's best for their farm.

"Compare your dollars of coverage versus your cost of production," he says. "2015 is the year to get it right for your farm."

Beland says prices will likely end up around $4.15 for corn and $9.70 for soybeans, and he wants farmers to be sure to look at all the options available, including some new ones from the 2014 Farm Bill, like yield exclusion.

TAGS: Soybean Corn
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