Library
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Summary
In 2014, most individuals in Illinois used either 1) Revenue Protection (RP) at 75% or higher coverage levels or 2) Area Risk Plan (ARP) at a 90% coverage level. Staying with these same products and coverage levels seems prudent for 2015 even given recent additions to crop insurance products including Yield Exclusion (YE) and Supplemental Coverage Option (SCO). Taking YE will be beneficial if the exclusion is available and increases guarantee yields. In most cases, premiums will be slightly higher in 2015 for the same coverage level. For the same guarantee yield, coverage levels will be lower in 2015.
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Details
Organization
farmdoc Publisher
University of Illinois Published
March, 2015 Material Type
Written Material -
Filed Under
