Cory Walters - Extension Grain Economist

Cory Walters

faculty
Work Filley Hall (FYH) 304B
Lincoln NE 68583-0922
US
Work 402-472-0366 On campus, dial 2-0366

Faculty Bio

Nebraska map showing risk levels of irrigated corn production in Nebraska, based on insurance data
Nebraska map showing risk levels of irrigated corn production in Nebraska, based on insurance data

Nebraska Corn Production Risk by County Using Crop Insurance Data

July 13, 2016
Farmers know that yield risks vary across the state; however, the ability to compare yield risk between counties is new. Using crop insurance premium calculation data, we can quantify the expected insurance payment (or indemnities) by evaluating the county crop insurance reference rate. A high reference rate value implies higher historical payments and consequently more production risk and a higher crop insurance premium. Lower reference rates imply lower risk and lower premiums. Risk varies widely from one end of the state to the other, highlighting the need to consider general recommendations broadly and customize decisions to your data and situation. County-level risk maps for irrigated and non-irrigated corn production in Nebraska are included.

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