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Item Supplemental Coverage Option Expanding as Part of the Farm Safety Net(2016-09-08) Goeringer, Paul; Leathers, HowardThe 2014 Farm Bill created Supplemental Coverage Option (SCO), a new add-on crop insurance option which provides supplemental coverage on a producer’s underlying crop insurance policy. SCO operates by mimicking a producer’s individual crop insurance coverage and covering a portion of the deductible based on county-level yield or revenue. SCO is available in select Maryland counties for apples, barley, corn, grain sorghum, green peas, oats, peaches, processing beans, soybeans, sweet corn, and winter wheat, as of the 2017 crop year. USDA’s Risk Management Agency (RMA) continues to expand covered counties and crops covered, and begin distinguishing by practices (such as irrigated compared to non-irrigated).Item Federal Crop Insurance Program Expands in 2016 and 2017 to Cover More Organic Crops(2016-07-21) Goeringer, Paul; Leathers, HowardItem A Primer on Crop Insurance(2015-08) Leathers, Howard; Goeringer, PaulFundamentally, risk management on a farm is aimed at smoothing out the income or profit stream over time. This is accomplished by accepting lower incomes or profits during good times in exchange for higher incomes or profits during bad times. Crop insurance is an important tool for risk management. This paper describes comprehensively the details about how crop insurance works. Because crop insurance uses futures market prices in some important ways, the paper also briefly reviews how futures markets operate.