Crop insurance represents a critically important producer risk management program. Projected prices, a primary factor influencing premium and liability, for both 2022 corn and soybeans have been determined. Projected prices for both commodities reflect the average price of their respective harvest futures contracts during the month of February.
- Corn 2022 projected price projected to be $5.90 with a volatility factor of 0.23.
- Soybean 2022 projected price projected to be $14.33. with a volatility factor of .19.
To learn more about these projections, read this article from the Center of Agricultural Profitability.
