Harvest Price Option Triggers for Soybeans, Corn and Cotton
By John Newton, Ph.D.
American Farm Bureau Federation
Adverse weather prior to and during harvest and the strong pace of export sales have pushed harvest prices for soybeans, corn and cotton crop insurance policies higher than the spring prices discovered earlier this year, according to recently released data from USDA’s Risk Management Agency. This is the first year since the drought year of 2012 that the harvest price option has been triggered for corn, while it is the first time since 2016 this option has been triggered for soybeans and cotton. Today’s article reviews 2020 crop insurance coverage and prices.