2025 Crop Insurance Harvest Prices for Corn and Soybeans

By Nick Paulson and Gary Schnitkey

The harvest price discovery period for Federal crop insurance for corn and soybeans in the Midwest concluded on October 31^st, 2025.  Harvest prices are $4.22 per bushel for corn and $10.35 per bushel for soybeans. Both are below their projected prices.  The corn harvest price is 10.2% lower; the soybean harvest price is 1.8% lower.

For individual revenue policies, yields will need to be below a farm’s actual production history (APH) guarantee yield to trigger payments.  For the Enhanced Coverage Option (ECO) on corn acres, payments are likely in counties with average corn yields near trend guarantees for 90% coverage and yields slightly above trend guarantees for 95% coverage.  Payments from SCO on corn acres and from SCO or ECO on soybean acres will require average county yields to be below trend guarantees.  Overall, insurance payments will occur for some Illinois farms and counties but are not expected to be widespread or large.

Corn

The 2025 harvest price for corn is $4.22 (projected and harvest prices can be found at RMA’s price discovery webpage_.  This is based on average settlement prices for the December 2025 corn futures contract over the month of October.  The $4.22 harvest price is $0.48, or 10.2%, below the 2025 projected price for corn of $4.70.

The 10.2% price decline on corn implies that an individual farm’s yield for an insurance unit would need to be:

• more than 5.3% below its APH yield to trigger payments on an 85% revenue protection (RP) or revenue protection with the harvest price exclusion (RP-HPE) policy,
• more than 10.9% below APH to trigger payments on revenue policies with an 80% coverage level, and
• more than 16.5% below APH to trigger payments on revenue policies with a 75% coverage level.