The 2026 crop insurance harvest prices are now set at $4.75 per bushel for corn and $12.63 per bushel for soybeans. Both finished above the spring projected prices of $4.62 for corn and $11.09 for soybeans. This marks the first time in four years for corn and five years for soybeans that prices have come in above spring projections, up $0.13 for corn and $1.54 for soybeans.

What does this mean for farmers?

  • For farmers with Revenue Protection (RP) policies, the minimum per-acre revenue guarantees will be based on the higher fall harvest price for corn and soybeans.
  • Because harvest prices are above spring projected prices, a yield shortfall below the bushel guarantee is needed to trigger an indemnity payment on most RP policies.
  • For 2026, because the harvest price exceeds the projected price, RP policy guarantees are based on this calculation: Approved APH yield x Coverage Level x Insured’s Share Percentage x Harvest Price.
  • An indemnity may be due when the revenue to count (Insured’s Harvested Production x Harvest Price x Insured Share) is less than the RP guarantee.
  • Farmers who opted for Revenue Protection with Harvest Price Exclusion (RP-HPE) will not benefit from the harvest price increase.

To understand how the harvest price outcome applies to your specific operation and coverage, contact your crop insurance agent. If you believe you may have a loss, report it promptly to your agent to help ensure you meet the notice requirements and deadlines outlined in your policy.

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