January 28, 2011

For a number of years the Risk Management Agency (RMA) of the United States Department of Agriculture (USDA) has been working with the crop insurance industry to streamline the crop insurance program for major crops. The new Common Crop Insurance Policy, referred to as the COMBO Policy, is in effect beginning with crops harvested in 2011. Crops covered include corn, soybeans, grain sorghum, wheat, barley, cotton, rice, canola and sunflowers.

The new combo policy is one master policy with a number of options, including:

• Yield Protection
• Revenue Protection
• Revenue Protection with Harvest Price Exclusion (RP-HPE)

Read more about new crop insurance options for this year in the Cornhusker Economics article by Doug Jose, Crop Insurance Changes in 2011.

Also, read past issues of Cornhusker Economics, a weekly newsletter from the UNL Department of Agricultural Economics, at www.agecon.unl.edu/Cornhuskereconomics.html