A crop insurance expert says now that the crop insurance deadline has passed, farmers should start thinking about other ways to manage risk.
Tony Jesina with Farm Credit Services of America says the first thing growers need to manage is their old crop. “Your crop insurance policy is already done so your safety net is gone,” he says. “You also have some storage risk, whether it is quality or price deterioration. You need to manage what you’re going to do with the old crop first.”
He tells Brownfield farmers also need to consider forward pricing opportunities. “So they can maximize their revenue for the 2023 crop year,” he says.
