By John Newton, Ph.D.
American Farm Bureau Federation
What a difference a year makes. In 2020, the spring crop insurance prices for corn, soybeans and cotton were near the lowest levels of the last decade. Now, on the back of strong export demand from China and smaller-than-anticipated old-crop inventories, crop insurance prices have experienced the largest year-over-year increase in more than a decade, helping to boost insurance protection for farmers as they prepare for the planting season.