Record yields mean lower returns for Midwest farmers

After making record profits from 2007 through 2013, farmers in Champaign County, Ill., who rent their land are likely to lose money on both corn and soybeans in this year and next, said a University of Illinois at Urbana-Champaign economist.

Farmers prefer ‘RP’ insurance

In recent years, farmers have increasingly chosen to insure both the yield of their crop and the revenue of their crop. By choosing a revenue-based insurance option -- such as the revenue protection policy -- farmers can insulate their crop against steep drops in prices.