Update on Historic Use of Crop Insurance Products in Illinois

Gary Schnitkey, Nick Paulson and Carl Zulauf

farmdoc daily, 2025, vol. 14, issue 228

Abstract: Revenue Protection (RP) remains the most popular crop insurance plan used by Illinois farmers to insure their corn, soybean, and wheat acreage. In 2024, RP was used on 95% of insured corn acres and 94% of insured soybean and wheat acres. The use of the Supplemental and Enhanced Coverage Options (SCO and ECO) on eligible acres covered by COMBO products (RP, RP-HPE, and YP) remains relatively modest. Use of ECO on corn acres in Illinois has increased in recent years. Use of ECO could increase further in 2025 due to increased subsidy rates.

Keywords: Agribusiness; Policies; Weekly Farm Economics (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:illufd:358379

DOI: 10.22004/ag.econ.358379

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