Crop Insurance Decisions for 2024

Bruce Sherrick, Gary Schnitkey and Nick Paulson

farmdoc daily, 2025, vol. 14, issue 44

Abstract: The 2024 price discovery period used to determine projected prices and volatility factors for Federally-sponsored corn and soybean crop insurance products is completed for areas with a March 15th sales closing date (SCD). For the majority of the corn belt, the approved Projected Price (PP) for corn is $4.66 and the Volatility Factor is 0.19, and for soybeans, the Projected Price is $11.55 with a Volatility Factor of 0.15. These represent substantially lower prices than in recent years and will result in lower premiums in general and correspondingly lower insured revenue levels.

Keywords: Agribusiness; Premiums and Payouts (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:illufd:358562

DOI: 10.22004/ag.econ.358562

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