Northern Ag Inc. owner and market analyst Jody Miller says the run-up in commodity prices will affect crop insurance coverage levels. “With these higher prices, we’ve got quite a bit higher coverage levels available this year which also brings higher premiums,” said Miller. “A lot of people are deciding if they want extra coverage or if they’re going to spend a little more money on their hedging program to lock in a floor on some of these prices.” Miller recommends farmers get acceptable coverage at an acceptable premium. “You want to make sure you’re covering as much of the input cost as you can.”
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