Crop Insurance Guarantees Drop Ahead of Spring Planting Season
Corn and soybean crop insurance guarantees have dropped, just in time for the spring planting season that’s right around the corner.
A DTN report says that means farmers get less protection against low prices in their revenue policies this year.
Guarantees are $3.88 a bushel for corn and $9.17 for soybeans.
Those are down 12 and 37 cents respectively from last year.
Officials come up with the spring guarantee by averaging the daily close of the December 2020 corn and the November 2020 soybean futures contracts through the month of February.
It was poor timing as commodity prices dropped during the final week of February as global markets responded negatively to the spread of the coronavirus.
“You’ve got a lower benchmark, a lower revenue guarantee, so you’ll have less coverage than you would have otherwise,” says Jim Mintert, director of the Center for Commercial Agriculture at Purdue University.
“From a farmer’s perspective, it’s a huge downer that the market collapsed at the end of February rather than early March.”
Depending on the volatility of some factors included in the price guarantee calculations, lower guarantees could lead to lower premiums.
Events Calendar
Calendar of Events
M Mon
T Tue
W Wed
T Thu
F Fri
S Sat
S Sun
1 event,
RSVP Bone Builders-Mondays
RSVP Bone Builders-Mondays
RSVP Bone Builders meet at: Redwood Falls Public Library from 9 am – 10 am
5 events,
RSVP Bone Builders-Tuesday
RSVP Bone Builders meets: Redwood Area Community Center at 10 am. Lamberton Community Center at 9 am […]
Friends of Gilfillan Farm Fest
Friends of Gilfillan Farm Fest
During Farm Fest Aug 2, 3, 4 we will be: Serving food in the pavillion Music on […]
Second Harvest Food Distribution
Second Harvest Food Distribution
Second Harvest food distribution pick-up is the first Tuesday of every month from 11 am - 12 noon […]
Redwood Area Alano Club-Tuesday
Redwood Area Alano Club-Tuesday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
2 events,
Redwood County Appliance and Electronics Collections
Redwood County Appliance and Electronics Collections
Bring your old, worn out, broken and unwanted appliances and electronics to the collection being held behind […]
Redwood Area Alano Club NA Meeting
Redwood Area Alano Club NA Meeting
NA Meeting at Redwood Area Alano Club. Every Wednesday Night 1008 S Ramsey St Redwood Falls MN
2 events,
RSVP Bone Builders-Thursdays
RSVP Bone Builders meets: Redwood Falls Public Library at 9 am. Redwood Area Community Center at 10 […]
Redwood County Museum
Redwood County Museum
Redwood County Museum by KLGR Radio Summer Hours starting on JUNE 2nd Thursday-Sun from NOON to 4PM
2 events,
Redwood Area Alano Club-Fridays
Redwood Area Alano Club-Fridays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Saturdays
Redwood Area Alano Club-Saturdays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Sunday
Redwood Area Alano Club-Sunday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
RSVP Bone Builders-Mondays
RSVP Bone Builders-Mondays
RSVP Bone Builders meet at: Redwood Falls Public Library from 9 am – 10 am
2 events,
RSVP Bone Builders-Tuesday
RSVP Bone Builders meets: Redwood Area Community Center at 10 am. Lamberton Community Center at 9 am […]
Redwood Area Alano Club-Tuesday
Redwood Area Alano Club-Tuesday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club NA Meeting
Redwood Area Alano Club NA Meeting
NA Meeting at Redwood Area Alano Club. Every Wednesday Night 1008 S Ramsey St Redwood Falls MN
3 events,
RSVP Bone Builders-Thursdays
RSVP Bone Builders meets: Redwood Falls Public Library at 9 am. Redwood Area Community Center at 10 […]
Minnesota River Area Agency on Aging
Minnesota River Area Agency on Aging
MINNESOTA RIVER AREA AGENCY ON AGING Administrative Office 201 N. Broad St. Suite 102 Mankato, MN 56001 […]
Redwood County Museum
Redwood County Museum
Redwood County Museum by KLGR Radio Summer Hours starting on JUNE 2nd Thursday-Sun from NOON to 4PM
2 events,
Redwood Area Alano Club-Fridays
Redwood Area Alano Club-Fridays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Saturdays
Redwood Area Alano Club-Saturdays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Sunday
Redwood Area Alano Club-Sunday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
RSVP Bone Builders-Mondays
RSVP Bone Builders-Mondays
RSVP Bone Builders meet at: Redwood Falls Public Library from 9 am – 10 am
3 events,
RSVP Bone Builders-Tuesday
RSVP Bone Builders meets: Redwood Area Community Center at 10 am. Lamberton Community Center at 9 am […]
Rubys Pantry Redwood Falls
Rubys Pantry Redwood Falls
Ruby's Pantry Food Distribution 3rd Tuesday of the month at the Redwood County Fairgrounds $25.00 cash donation […]
Redwood Area Alano Club-Tuesday
Redwood Area Alano Club-Tuesday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club NA Meeting
Redwood Area Alano Club NA Meeting
NA Meeting at Redwood Area Alano Club. Every Wednesday Night 1008 S Ramsey St Redwood Falls MN
4 events,
RSVP Bone Builders-Thursdays
RSVP Bone Builders meets: Redwood Falls Public Library at 9 am. Redwood Area Community Center at 10 […]
Minnesota River Area Agency on Aging
Minnesota River Area Agency on Aging
MINNESOTA RIVER AREA AGENCY ON AGING Administrative Office 201 N. Broad St. Suite 102 Mankato, MN 56001 […]
Redwood County Museum
Redwood County Museum
Redwood County Museum by KLGR Radio Summer Hours starting on JUNE 2nd Thursday-Sun from NOON to 4PM
Compassionate Friends Meeting
Compassionate Friends Meeting
Compassionate Friends is a grief support group for parents who have lost a child. Meetings are the […]
3 events,
55th Annual Butterfield Threshermen’s 2022
55th Annual Butterfield Threshermen’s 2022
Admission starting 4:30PM Friday Adults 13 & older $10, Children FREE This year we are featuring the […]
Redwood Area Alano Club-Fridays
Redwood Area Alano Club-Fridays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
2 events,
Redwood Area Alano Club-Saturdays
Redwood Area Alano Club-Saturdays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
Echo Days Parade
Echo Days Parade
Echo Days in Echo Parade Saturday, August 20th 4pm line up at the E.C.H.O. Charter School and […]
2 events,
St. Andrew’s Fun Fest in Fairfax
St. Andrew’s Fun Fest in Fairfax
St. Andrew's Fun Fest Fairfax, MN Sunday August 21, 2022 10:00AM Polka Mass Deep Fried Chicken Dinner […]
Redwood Area Alano Club-Sunday
Redwood Area Alano Club-Sunday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
2 events,
RSVP Bone Builders-Mondays
RSVP Bone Builders-Mondays
RSVP Bone Builders meet at: Redwood Falls Public Library from 9 am – 10 am
Wood Lake Fair
Wood Lake Fair
August 22, 23 & 24 Monday, August 22 SCAVENGER HUNT LITTLE SCRAPPER’S CHILDREN’S 4:00 Pick up bags […]
2 events,
RSVP Bone Builders-Tuesday
RSVP Bone Builders meets: Redwood Area Community Center at 10 am. Lamberton Community Center at 9 am […]
Redwood Area Alano Club-Tuesday
Redwood Area Alano Club-Tuesday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club NA Meeting
Redwood Area Alano Club NA Meeting
NA Meeting at Redwood Area Alano Club. Every Wednesday Night 1008 S Ramsey St Redwood Falls MN
3 events,
RSVP Bone Builders-Thursdays
RSVP Bone Builders meets: Redwood Falls Public Library at 9 am. Redwood Area Community Center at 10 […]
Minnesota River Area Agency on Aging
Minnesota River Area Agency on Aging
MINNESOTA RIVER AREA AGENCY ON AGING Administrative Office 201 N. Broad St. Suite 102 Mankato, MN 56001 […]
Redwood County Museum
Redwood County Museum
Redwood County Museum by KLGR Radio Summer Hours starting on JUNE 2nd Thursday-Sun from NOON to 4PM
2 events,
Redwood Area Alano Club-Fridays
Redwood Area Alano Club-Fridays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Saturdays
Redwood Area Alano Club-Saturdays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Sunday
Redwood Area Alano Club-Sunday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
RSVP Bone Builders-Mondays
RSVP Bone Builders-Mondays
RSVP Bone Builders meet at: Redwood Falls Public Library from 9 am – 10 am
2 events,
RSVP Bone Builders-Tuesday
RSVP Bone Builders meets: Redwood Area Community Center at 10 am. Lamberton Community Center at 9 am […]
Redwood Area Alano Club-Tuesday
Redwood Area Alano Club-Tuesday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club NA Meeting
Redwood Area Alano Club NA Meeting
NA Meeting at Redwood Area Alano Club. Every Wednesday Night 1008 S Ramsey St Redwood Falls MN
2 events,
RSVP Bone Builders-Thursdays
RSVP Bone Builders meets: Redwood Falls Public Library at 9 am. Redwood Area Community Center at 10 […]
Minnesota River Area Agency on Aging
Minnesota River Area Agency on Aging
MINNESOTA RIVER AREA AGENCY ON AGING Administrative Office 201 N. Broad St. Suite 102 Mankato, MN 56001 […]
2 events,
Redwood Area Alano Club-Fridays
Redwood Area Alano Club-Fridays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Saturdays
Redwood Area Alano Club-Saturdays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Sunday
Redwood Area Alano Club-Sunday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]