Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.
March 2, 2021
2021 Crop Insurance Decisions
Purdue ag economists Michael Langemeier and James Mintert provided insight into decision making on crop insurance on March 1. The webinar reviewed corn and soybean crop insurance choices and provided producers with considerations for their 2021 options.
Crop insurance is an important aspect of nearly every corn and soybean farm’s risk management program. There are some new choices to consider this year, including the Enhanced Coverage Option (ECO). This webinar recording is a great opportunity for producers to review their crop insurance alternatives as the Purdue team walked participants through considerations for their 2021 choices.
Crop Insurance Tools discussed during the presentation can be found at https://farmdoc.illinois.edu/crop-insurance:
- Premium Calculator
- Payment Evaluator
- Price Distribution
- Decision Tool (spreadsheet)
The webinar recording and slides used during the webinar presentation are available for download below. A companion Purdue Commercial AgCast episode can also be found below or on any platform where you access your podcasts.
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Margaret Lippsmeyer presented during agri benchmark’s 2024 annual conference in mid June, which was hosted by the Spanish Ministry of Agriculture in Valladolid, Spain. An increase in soybean acreage may come from either (a) shifting away from continuous corn rotations to corn-soy and (b) shifting corn-soy rotations toward corn-soy-soy. Based on agri benchmark data, Margaret showed that option (a) would require an increase in soybean prices of 6% and option (b) of 8% to make these rotations preferable over existing ones.
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Two outstanding farms in east-central Indiana will host visitors wanting to learn about farm and crop management on July 17th for the Purdue University Farm Management Tour. The Indiana Master Farmer reception and panel discussion will follow.
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