Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial and no warranty is given or implied by the author or any other party. Each farmer must consider whether such marketing strategies are appropriate for his or her situation. This web page does not represent the views of Kansas State University. 

Texas A&M SURE Calculator[1]

Congress passed a new standing disaster program in the Farm Bill titled SURE.  However, many farmers would like to be able to estimate the potential benefits for their farm. 

A new SURE calculator has been developed by Texas Agrilife Extension (new name for the Texas A&M Extension Service) in coordination with the Plains Cotton Growers, Inc. that will help famers to evaluate the SURE coverage for their farm.  This tool is available at:

 http://www.plainscotton.org/SURE_Payment_Estimator_V01b.xls

This calculator covers revenue insurance and likely will provide better estimates for revenue insured farmers than the FSA calculator that only includes APH coverage.  Neither calculator covers the group plans like GRIP, GRP, or the forage and pasture vegetative index contract. 

However, one needs to recognize that FSA has not published many of the definitions so these calculator estimates may not be correct.  I have not reviewed this calculator but other respected people have told me it works very well and is the only estimator on the WEB for farmers with revenue insurance.