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Frequent Contributor

Crop insurance-TA?

I won't wade into the politics of crop insurance and how it may hit taxpayers. I'll leave that to the Environmental Working Group for now. But I wondered if anyone is NOT taking the trend adjusted yield when signing up for Revenue Protection crop insurance this year. According to an example from the University of Illinois, a farm in McLean County, Illinois that takes the Trend Adjusted APH endorsement would raise average corn APH from 169 to 178. That's another way of increasing your level of revenue protection besides buying up to a higher coverage level.

 

According to Iowa State's Extension Farm Mangement specialist Steve Johnson, the TA is the cheapest way to increase your revenue guarantee. You can see more of his comments here. And more of the Illinois analysis is summed up here, along with links to the Farmdoc website tools and postings. 

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5 Replies
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Advisor

Re: Crop insurance-TA?

Can I buy 100,000 acres worth?

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Senior Contributor

Re: Crop insurance-TA?

By utilizing TA , I am able to stay at 75% coverage level and be very close to 80% coverage. Keeps my cost lower and increases coverage level .

  John

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Senior Contributor

Re: Crop insurance-TA?

My analysis of Crop Insurance for my Iowa Farm Operation shows that it is best to take the Trend Adjustment. The Iowa State College

professor did a good job showing this on the paper he wrote on this issue And yes, it is a good way to increase your Revenue Protection Program. Overall, the Iowa State University AG Department does an excellent job of writing these papers in an easy to read format. I have used there website to reasearch the many Farm Operation discisions we have to make.

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Frequent Contributor

Re: Crop insurance-TA?

I have a lot of respect for the work done at ISU, Illinois and other land grant universities. It's good to hear their analysis is working in the real world.

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Senior Advisor

Re: Crop insurance-TA?

The TA seems like a no-brainer.  I took it.

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