Spring crop insurance prices are telling farmers to plant as many corn and soybean acres as possible. For revenue-based crop insurance programs, the spring base price for corn will be $4.58 per bushel and $11.87 per bushel for soybeans. Countryside Insurance owner Jennifer Otteson thinks there will be more soybean acres due to the higher price guarantee. “I think there will be a lot of soybeans planted out there compared to dry beans, depending on what farmers could get for contracts.” With the higher base price guarantee, Otteson thinks farmer may buy up an optional coverage level on their soybeans. “Some farmers increased their coverage from 75 to 80 percent, staying with the enterprise units.”
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