# Sorghum Crop Insurance Price Election Boosted to Reflect Current Pricing - Sorghum Checkoff

> The USDA Risk Management Agency set the 2022 reinsurance-year sorghum crop insurance price election at 99.6 percent of the corn price, up from 96 percent for 2021. The formula uses a 10-year rolling average of elevator bids. National Sorghum Producers says this gives farmers their highest price protection relative to corn in the program's history.

- Date: 2022-01-10 · published 2022-01-10T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/43219-sorghum-crop-insurance-price-election-boosted-to-reflect-current-pricing
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Higher insured prices encourage farmers to plant sorghum, which can add supply later. The change also signals that sorghum is priced close to corn, which matters for feed substitution decisions.

## Read by commodity

- SORGHUM: bullish ▲

## Sources

- sorghumcheckoff.com: https://www.sorghumcheckoff.com/press-releases/sorghum-crop-insurance-price-election-boosted-to-reflect-current-pricing/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.