Crop Insurance is Critical in Today’s Economy

Authors

Paul Burgener, University of Nebraska - LincolnFollow

Date of this Version

Spring 2009

Comments

Online at: http://panhandle.unl.edu/web/panhandlerec/meeting_challenge_6

Abstract

The March 15 deadline for spring planted crop insurance sign up is rapidly approaching for Nebraska farmers. Corn, grain sorghum, soybean, sunflower, sugarbeet, dry beans, proso millet, and spring wheat producers will need to get signed up for crop insurance by March 16, since March 15 is on a Sunday this year.
The high cost of crop production and the volatility in the markets make crop insurance critical in today’s agricultural climate. Although crop insurance may appear to be higher priced than we would like, the protection and marketing flexibility that it offers are important to the risk management plan of any farm. There should be opportunities to sell 2009 grain crops this spring, and the protection offered through crop insurance offers a little security for producers looking to make these sales. It may be that the best chances to sell at a profit will come before harvest for some of our crops, so insurance will be a wise investment.