Record high ag input prices could trigger some changes to 2022 crop insurance coverage decisions.
Heather Greenwalt with Farm Credit Illinois tells Brownfield input prices are top of mind for both producers and crop insurance agents this year.
“It’s going to be super important that we look at their guarantees and make sure their crop insurance policy is set up to cover their operation if we do have a disastrous year.”
She says the situation may not require an increase in crop insurance for every farm, but she recommends farmers consider that uptick in bottom line risk when finalizing their insurance plans.
