Agricultural Economics Department
Cornhusker Economics
Date of this Version
10-23-2024
Document Type
Article
Citation
Cornhusker Economics (October 23, 2024)
Agricultural Economics, University of Nebraska-Lincoln
Abstract
Over the past decade, crop insurance has continued to expand contract offerings through new area-based policies. Supplemental Coverage Option (SCO) was introduced in the mid-2010s. Enhanced Coverage Option (ECO) was introduced in the early 2020s, and Margin Protection (MP) was introduced in the mid-to-late 2010s. The ECO premium subsidy was recently increased for the 2025 crop year to further encourage producer participation. Both the SCO and ECO programs have experienced increased participation for a variety of reasons.
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