Part 1, Section 12: Farm Management: Enterprise Budgets
Farm Management: Enterprise Budgets
SAMPLE ENTERPRISE BUDGETS
Protecting Your Investement with Crop Insurance
Because of high commodity prices and rapidly increasing input costs, it is more important than ever to protect your investment in your growing crops with crop insurance. Crop insurance protection is available for most agronomy crops through a wide variety of plans, including traditional yield-based insurance, revenue insurance [including crop revenue coverage (CRC), indexed income protection (IIP), and whole-farm adjusted gross revenue insurance (AGR/AGR-Lite), group risk plans (GRP, GRIP) and the new pasture and forage insurance that uses rainfall and vegetative indexes]. Most plans also offer optional coverage for prevented planting. More information of crop insurance for field crops can be found in the publication Crop Insurance for Pennsylvania Field Crops, available from your local Penn State Cooperative Extension office or on the Pennsylvania Crop Insurance Education Web site.