How Farmers Are Stacking Crop Insurance, FSA, and Disaster Aid for 2026

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Farm4Profit Podcast 1h 1m 5 speakers 5 chapters transcribed
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What financial challenges are farmers facing in 2026?

David Whitaker 0:00
Hey, Corey, remember that time you tried to get me to eat alligator? Yeah, at Buzzard Billy's in Des Moines. Yeah, that's right.
Corey Hillebo 0:06
That's where it was. It's a great place to go, especially if you're going to be at the Casey Center or the Iowa Events Center or one of these farm shows, trade shows that are hitting up Des Moines because it's just right across the street.
Unknown 0:15
Yeah, we know we've got a lot of listeners that are probably going to one of the farm shows or maybe even, heck, state wrestling, state basketball, all the events that are going on down there, even Whitetail Classic.
Corey Hillebo 0:23
Great cocktails. Yeah, I was going to say one of the best burgers. You never miss when you go to Buzzard Billy's. Walk across the street and let them know that Farm for Profits is here.
Unknown 0:31
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Ken Ripley 1:01
From a loss standpoint, there's some changes going forward for 2026 where it's going to include if you have prevent plant, your multi-parallel losses, and these area plans, all those together, if you get above a $200,000 loss with the combination of any of those components, you are under review. And precision is the easiest way to have good records for that proving up your historical items. You know, being an insurance employee and buying from the company I work for, I'm in an audit at any time. Quite honestly, I don't even know the audits happen because it's all done behind the scenes. And that, you know, we put everything through a grain cart scale. So we post calibrate the combine to make sure it's as tight as possible.
Ken Ripley 1:45
Heck, I measure everything out of the bend, and I'm always within a point to point and a half after it's had the bend fans run on it for weeks after it's went in too. So I can't stress enough the importance of looking at precision if you're not doing it today, especially as farms get larger. These large operations, and bends aren't getting any smaller. I mean, you've got a nice bend here behind you. They're not getting any smaller, are they?
Unknown 2:10
Ladies and gentlemen, farmers, ranchers, and distinguished guests, thank you for listening to the Farm for Profit podcast, where we discuss the latest ideas, methods, trends, and techniques available to help your farm achieve higher levels of farm profitability. Remember, if you aren't farming for profit, you won't be farming for long.
Corey Hillebo 2:42
Hey listeners, welcome back to the farm for profit podcast. You know how many people have told me to stop opening shows like that? A lot. Yeah. What do they want you to say? Nobody gives a suggestion. Maybe they just want you to get into it, like you should get right into the conversation. We're going to talk crop insurance today. Is that what you wanted? There you go. It is an episode we do every single year, and every single year it gets more downloads than we expect, so it's clear that you guys want the updates. And thanks for sending us those items of feedback. Connect at farmforprofit.com is the new email address. We're still checking the old one. I got a couple of those messages the other day. You should put a date out to just kill the old one.
Corey Hillebo 3:21
It's killed. I killed it already. It's dead. Don't use it. Oh, don't use it. I thought you said you were still going to check it. I did, but you've got to set false deadlines.
Unknown 3:28
Oh.
Corey Hillebo 3:30
So you just told me you can still check the old one. It'll live forever. You don't ever throw anything. We don't throw anything away. It's true.

How do crop insurance, FSA programs, and disaster aid work together?

Corey Hillebo 3:37
We like to collect stuff. You're not going to throw an old email address away. It's treasured. One of these days, we'll open that up after not checking it for a month and be like, oh, shoot.

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