Whether it is your favorite hammer or your trusty wrench, knowing exactly which tools you need to get a job done is critical to any project. When it comes to tools for handling your crop insurance operation, Barchart has you covered.

Farm benchmarking is the practice of using data from your farm’s performance and comparing it to others in your area. Benchmarking can help support farmers and show ways to increase crop yield, cut costs down, and improve your bottom line. If certain practices in your area have not been working effectively or providing you with a strong ROI, collected data can help you analyze the situation and find a remedy. 

Barchart offers numerous crop insurance tools to help you make the right decisions for your operation.  Here’s how Barchart’s Crop Insurance Tools and Benchmarks can help: 

Reduce Market Risk

Barchart uses best-in-class crop insurance benchmarks to help you forecast the market.  Our products power your underwriting models with better information so your business can make improved underwriting decisions. Barchart’s algorithm offers the most accurate daily yield estimates to ensure that each contract you write is up to date with the most recent information. Data from over 4,000-grain elevators is compiled and provides you with the very best indexes in the nation, enabling you to build a more effective pricing system.

Sensitivity Analysis & Stress Testing

Use our commodity data to help you prepare the base case and sensitivity analyses on your contracts or the entire portfolio. With deep historical coverage of fundamentals, forwards, yield estimates, and benchmark pricing for basis and cash, you can build models as complex or as simple as you need.

Improved Contract Precision

Using patent-pending methods of data collection, Barchart can carefully and accurately help you get the commodity data and information you need to sell your grain at the right time and at the right location based on your specific needs.

Along with data and insights from counties, regions, states, and the nation, Barchart is an industry leader in global coverage of commodity fundamentals. To learn more about how Barchart can help your operation please visit our website or contact us at commodities@barchart.com.