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Podcast: Farm4Profit Podcast
Episode: Navigating Crop Insurance in 2024: Strategies for Lower Commodity Prices
Description: - Commodity Prices are down.  This will result in slightly lower MPCI premiums (15-20%), but it also means much lower per acre guarantees than it did in 2023. $200 an acre less on corn and $100 an acre less on beans. Unfortunately, input costs are about the same. I included a quick spreadsheet where I used ISU's estimated costs of production to come up with an implied level of MPCI coverage that would be needed to cover costs. You can see the big differences in '23 and '24 - it is not pretty.- Any good crop insurance agent's first job is...