Next year, crop insurance guarantees likely will be lower than those for recent years. As a result, farmers will face more downside revenue risks. Revenue guarantees for crop insurance products will be below total costs of production

In 2007, the National Soybean Research Laboratory in collaboration with the Iowa Agricultural Statistical Service conducted a survey of the specialty soybean and corn activities in the State for the 2006 crop year. Out of 55,879 corn and soybean farmers in Iowa, 5,000 farmers were randomly...