An online tool for calculating insurance payments from COMBO products is available, as is the 2012 Crop Insurance Decision Tool, which is a Microsoft Excel spreadsheet available for download.
If farmers consider potential net revenue, they may not make the switch from corn to soybeans as fast as if they consider just the potential yield loss.
Higher input prices and lower prices for corn and soybeans will likely hurt farm profitability in 2009, but University of Illinois economist Gary Schnitkey forecasts a brighter future for farmers.
With corn harvest lagging by 25% or more behind the norm, moisture spot checks indicating very wet grain and more unfavorable drying weather in the near-term forecast, some corn growers may already be considering leaving corn stand in the field until spring.
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