Insurance for Soybeans: The Low Loss Ratio Concern YouTube
Автор: farmdoc University of Illinois
Загружено: 2023-01-25
Просмотров: 274
Описание:
Some farmers have asked about using crop insurance on soybeans, indicating that they have not received crop insurance payments in a very long time and wondering if purchasing crop insurance is a reasonable investment. Herein, we examine the crop insurance performance for soybeans, finding that soybean policies pay relatively less than all policies in the U.S. Payments relative to premiums are much lower in northern and central Illinois than the U.S. in general. Even given low payments, reducing crop insurance coverage has risks, particularly given the high production costs this year. We discuss some crop insurance strategies which some farmers may use with soybeans.
Schnitkey, G., C. Zulauf, N. Paulson and J. Baltz. "Crop Insurance for Soybeans: The Low Loss Ratio Concern." farmdoc daily (13):8, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, January 17, 2023. https://farmdocdaily.illinois.edu/202...
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