Sorghum Producers Pleased as Crop Insurance Price Election Now Matches Corn

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.