Crop insurance deadline looms

Farmers are preparing for the March 15th crop insurance deadline.

Compeer Financial crop insurance officer Dan Kendall says projected new crop prices will be considerably lower compared to a year ago.

“Last year for corn we had $5.91, this year we’re going to probably be hopefully in that $4.80 range. So less coverage, less dollars out there.”

Speaking to Brownfield at last week’s Wisconsin Corn Soy Pork Expo, he said producers might be encouraged by lower premiums.

“But it’s still really important because we’re out there trying to protect our break-evens, protect our costs of production that we’re planting in the ground.”

Kendall says some of the newer crop insurance products, like the Supplemental Coverage and Enhanced Coverage options, are becoming more popular with growers.

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