2024 Crop Insurance Prices and Decision Making

Mar 15, 2024

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

Video: What Does 20 MILLION Hogs a Year Look Like?

?? The Multi-Plant System Processing 20 Million Hogs Annually in the Midwest JBS USA operates multiple large-scale pork processing facilities across the Midwest, including major plants in Iowa, Minnesota, and Indiana. Combined, these facilities have the capacity to process approximately 20 million hogs annually.

Each plant operates high-speed automated slaughter systems capable of processing up to 20,000 head per day, followed by fabrication lines that break carcasses into primals, sub-primals, and case-ready retail products.

Hog procurement is coordinated through electronic marketing platforms that connect regional contract finishing operations and independent producers to plant demand schedules. This digital procurement system allows for steady supply flow and scheduling efficiency across multiple facilities.

Processing plants incorporate comprehensive food safety systems, including pathogen intervention technologies, rapid chilling processes, and integrated cold-chain management. USDA inspection is embedded throughout the harvest and fabrication stages to ensure regulatory compliance and product integrity. Finished pork products — from bulk primals to retail-ready packaged cuts — are distributed through coordinated logistics networks serving domestic and export markets.