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During the next few weeks, many farm operators will be finalizing their crop insurance decisions for the 2021 crop year. The rise in corn and soybean prices in the past several weeks will likely enhance the available crop insurance coverage for 2021 compared to recent years; however, premium costs are also likely to be higher than a year ago for similar crop insurance products. Producers have several crop insurance policy options to choose from, including yield protection policies and revenue protection policies, supplemental crop option, enhanced coverage option and other private insurance policy options. There are also decisions with using enterprise units versus optional units, as well as decisions on the use of trend adjusted APH yields.

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