Crop Insurance Deadlines and Considerations

March 15 is the deadline to elect crop insurance coverage. MinnStar Bank Farm Management Analyst Kent Thiesse says now is the time to analyze risk and consider important questions. “There’s a lot of drought potential even though we’re getting a lot of snow or if we have lower prices down the line, how much risk am I willing to stand?” Optional units may be an important tool to mitigate potential losses rather than enterprise units. “If you farm a lot of different farms with different risks, optional units are an additional cost, but can really enhance your coverage.” Thiesse says helpful resources are available from the Risk Management Agency, University of Illinois, Kansas State University and Iowa State University. Listen to the interview.