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.

TAGS:

TEAM LINKS:

RELATED RESOURCES

2027 Crop Cost & Return Guide

September 17, 2026

Purdue’s first 2027 crop budgets provide a starting point for estimating crop costs, revenues and returns. Use the accompanying spreadsheet to adjust the assumptions for your own farm.

Crop Net Return Prospects, Presentation at Farmer Appreciation Breakfast

December 12, 2025

Michael Langemeier presented in Vincennes, Indiana on December 11, 2025, on crop net returns prospects.

Machinery Cost Benchmarks for Corn & Soybeans

December 3, 2025

Benchmark machinery costs for corn and soybean farms and see how expenses differ by farm size and net return category. The article also reviews long-term machinery cost trends from 2007–2024 to help producers assess scale efficiencies and compare their own costs to industry benchmarks.

UPCOMING EVENTS

Weathering Water Extremes: Connecting Soil Health, Drainage, Irrigation, and Farm Resilience

Join educators from across the Midwest to build skills for communicating soil health concepts on Nov. 4-5, 2026. In the field, we’ll evaluate the relationship between soil health and water management focusing on irrigation and edge of field practices. The in-service will have both classroom and on farm demonstrations.

Land of Opportunity: A Conference for Farmland Owners!

The Land of Opportunity: A Conference for Farmland Owners will be held at two locations on October 5 and October 6, providing farmland owners with valuable information and resources to help them make informed decisions about their land. The conference will feature keynote presentations, educational breakout sessions, and networking opportunities designed specifically for those who own, manage, or have an interest in farmland.