Posts by Curtis Evanenko
What makes a well-designed revenue policy?
Glad tidings readers! I trust all is well, and you are enjoying the start to 2024. Don’t forget your sweetheart, as it always seems to sneak up on me! The theme of this article is what makes a well-designed revenue policy. In my humble opinion, it depends. We all have a different appetite for risk,…
Read MoreMPCI acreage reporting: Why it matters
Greetings readers! I believe the subject matter of acreage reporting is timely, though not due to the season of use, but rather that many have had another year of production and revenue losses paid on their wheat policies. Unfortunately, one does not learn of “misreported information” until the worst time for such discovery, that is,…
Read MoreUpdates to the Whole Farm Revenue program
Greetings and happy new year everyone! My objective is to provide an update on the recently announced modifications to the Whole Farm Revenue Protection policy by the Risk Management Agency (RMA) that are effective for the 2023 crop year. A previous article on this subject matter in the August 2020 edition of Wheat Life gave…
Read MoreWhat are written crop insurance agreements?
By definition, a written agreement is a document that alters the terms of a policy as authorized under the Common Crop Insurance Policy, Basic Provisions, Crop Provisions or Special Provisions of the multiperil crop insurance policy reinsured by the Federal Crop Insurance Provisions. A written agreement is seldom required in the production of wheat for…
Read MoreCovering the history of crop insurance
Congress initially authorized federal crop insurance back in the 1930s to help agriculture recover from the Great Depression and the Dust Bowl. The Federal Crop Insurance Corporation (FCIC) was created in 1938 to administer the program, which was initially limited to major crops in main production areas of the U.S. The Federal Crop Insurance Act…
Read MoreFinding the right level of crop insurance
How much crop insurance coverage is needed, and how do we get there? This is an age-old question that is answered with “depends.” Please allow me to elaborate. Like beer or soda, all have different preferences and/or tolerances for risk. We believe the best outcome for crop insurance is that of “for the long haul”…
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