Crop insurance decisions begin with cost of production in mind

A crop insurance specialist encourages farmers to start with cost of production when making risk management decisions for 2022.

Tom Timko with Compeer Financial says the numbers have changed a lot in the past year.

“You’re going to find those production numbers are quite a bit higher. And keep in mind that a lot of (farmers) probably got some of those inputs purchased before they went way, way high, but our costs are still substantially higher.