The 2025 harvest price discovery period for corn and soybeans in the Midwest for Federal crop insurance ended October 31, with corn set at $4.22 per bushel and soybeans at $10.35 per bushel. This is a decrease of 10.2% and 1.8%, respectively, from projected prices.

For corn, the harvest price drop means yields must fall more than 5.3% below a farm’s actual production history (APH) to trigger payments under 85% revenue protection (RP), and more than 10.9% or 16.5% below APH for 80% and 75% coverage levels, respectively.

For soybeans, RP payments require yields to drop by more than 13.4% below APH at 85% coverage, or by 18.5% and 23.6% below APH at 80% and 75% coverage levels, respectively.
For most Midwest farms, high corn and soybean yields will limit insurance payments.

Under the Enhanced Coverage Option (ECO) and Supplemental Coverage Option (SCO), corn payments could occur where county yields are near or below trend guarantees, while soybean payments require below-trend yields. Overall, only limited crop insurance payouts are expected due to strong yields and modest price declines.

ECO and SCO payments will not be determined until the Risk Management Agency (RMA) issues final regional yields. This typically occurs in June.

Read more about the 2025 harvest prices for crop insurance here.
Disclaimer: These are estimates for illustrative purposes only. Please contact your ProAg crop insurance agent for your individual policy information and to determine if a Notice of Loss is required.