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2024 Crop Insurance Prices and Decision Making

In this Center for Agricultural Profitability webinar, agricultural economics experts discuss projected prices for the upcoming crop year, the importance of projected prices in managing risk exposure, different insurance contract options, and what different contract options can and cannot do to manage 2024 risk.

The guest speaker for this webinar is Ken Harrison, a lifelong participant in the crop insurance industry. A farm kid, Harrison began his career as a crop insurance agent, moving into AIP 5 state territory management, then to Kansas City for 40 years working in crop insurance program development and evaluation. During his tenure at RMA, he worked on a national level and as RMA key personnel in development of many insurance tools, and developed the first revenue policy, county yield policy, trees, Identity preserved crops and many others.

Source : unl.edu

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Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.