Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 5/8/18


Over time, farmers have migrated to revenue crop insurance products with the harvest price option (HPO). Today, products with HPO are used on over 90% of the insured acres in many Midwest counties. HPO is a feature of crop insurance that has come under scrutiny in recent farm bill debate, with some suggesting its elimination and others suggesting reducing premium support for HPO. How farmers will react to changes to HPO remains to be seen.

For more of this story, click here.