Sorghum crop insurance price election has increased for 2022 to more accurately reflect current pricing. USDA’s Risk Management Agency (RMA) has set the price election at 99.6% of the price of corn. This means farmers will have the chance to insure grain sorghum at a price almost identical to corn, the largest amount of price protection relative to corn in history under the federal crop insurance program. The National Sorghum Producers released a statement Friday saying they are pleased with the increase, which will assist farmers needing to meet demand that is driving historically strong prices.
Based on a 10-year rolling average, the sorghum crop insurance price election has added $89 million in value to sorghum farmers through increased coverage since the 2008 Farm Bill directive has been implemented.
Read more on sorghum price election here.
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