February 13, 2011

RP Premium Using Projected Prices and Volatilities on Feb 13th

We are half way through February, indicating that the settlement period for determining crop insurance parameters is half over. As of February 13th, the projected price and volatilities for corn and soybean for states with March 15th crop insurance closings are:

Corn: $6.04 projected price, .28 volatility
Soybeans: $13.74 projected price, .22 volatility

Maps below show RP farmer-paid premiums using the above parameters for Illinois given enterprise units. More detailed crop insurance premium quotes are available from the crop insurance section of farmdoc.

Submitted by Gary Schnitkey
Department of Agricultural and Consumer Economics
University of Illinois

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