Bruce Sherrick

Jul 24, 2024 | m.farms.com | Gary Schnitkey |Bruce Sherrick

By Gary Schnitkey and Bruce SherrickSupplemental Coverage Option (SCO) is a county-level insurance product that adds a band of coverage over the underlying COMBO crop insurance product up to an 86% coverage level. Enhanced Coverage Option (ECO) provides an additional band from 86% up to either 90% or 95% coverage again based on the county-wide outcome. This article evaluates SCO and ECO for non-irrigated corn and soybeans in the Midwest states from 2015 to 2023.

Jul 16, 2024 | farmdocdaily.illinois.edu | Hongxia Jiao |Gary Schnitkey |Bruce Sherrick |Carl Zulauf

Since the inception of the modern crop insurance performance program, Illinois and the Midwest have had relatively low loss ratios compared to other areas of the country. This result holds even including the 2012 drought year in a relatively short history.

Jun 5, 2024 | m.farms.com | Gary Schnitkey |Bruce Sherrick

By Gary Schnitkey and Bruce SherrickBoth the House and Senate versions of the farm bill include proposals to modify Supplemental Coverage Option (SCO) insurance. SCO crop insurance provides county-level coverage from the selected coverage level on a farm-level crop insurance product up to a fixed maximum coverage level based on county-level results. This article examines the impacts of the SCO version proposed by the House for corn in McLean County, Illinois.