The combination of high commodity prices and high input costs delives more risk to consider when making crop insurance selections. Watts and Associates Economist Kyle Jore says it is very important to protect historically high prices. “Right now we have fantastically high prices. This is the perfect opportunity to capture that price risk.” Lower coverage options may not trigger a payment with current base prices. Jore says his suggestion is to consider PLC with the SCO option. “Because SCO is capturing these high prices and giving us that protection, that’s probably where we want to be looking at investing our dollars at this point.” Listen to the full interview here.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.