FARM BUSINESS NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Tue Oct 8, 2013 09:16 PM CDT

Add crop insurance claims to the potential fallout from a government shutdown.

October marks the month when futures prices determine crop insurance guarantees for two of the nation's largest crops--corn and soybeans. Since February when the Risk Management Agency set planting price guarantees for corn at $5.65/bu., average prices have declined $1.23/bu., or more than 20%. If corn prices stay that depressed through the end of the month, insured growers with average or below-average yields and high levels of revenue-based crop insurance will likely trigger claims, points out Gary Schnitkey, a University of Illinois economist.

That will most likely affect ...

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