NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Tue Sep 10, 2013 02:01 PM CDT



The popularity of county-based insurance plans like Group Risk Income Protection (GRIP) has ebbed in recent years, despite occasional astronomical payouts. When 2012 Illinois county yields collapsed and prices soared due to drought, many corn growers with GRIP policies collected more than $1,000/acre (see farmdoc map).

County-based insurance plans have offered Midwest growers better price protection than individual Revenue Protection policies, not only in drought years, but also low-price years like 1991 and 1998, University of Illinois studies show. That's because GRIP policyholders can insure losses with only 10% deductibles and payouts have been adjusted by a factor of 1.5. ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
Ag Interest Rate Snapshot
Klinefelter: By the Numbers
Senior Partners - 3
Rates Too Low Too Long