2026 Crop Insurance Payments Varying for Upper Midwest Farmers

For corn and soybean farmers in the upper Midwest, crop insurance payment potential for 2026 may vary significantly depending on factors such as yield and price.

Due to good yield potential in some areas of the region, the number of producers qualifying for crop insurance indemnity payments may be limited. However, in other portions with severe or extreme drought, excessive rainfall, or severe storms, crop insurance payments may be more prevalent.

This year's crop insurance payment calculations will likely focus on reductions in crop yield due to higher fall harvest prices for corn and soybeans compared to the spring base prices.

Agricultural experts note that every year is different when it comes to crop insurance coverage, with multiple options available to producers resulting in various outcomes at harvest time. The choice between yield protection policies (yield only) and revenue protection policies (yield and price) can significantly impact payment potential.