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Chesapeake Maryland Farm

A Maryland Farm Risk Simulation Scenario

The Chesapeake Maryland Farm is an 800 acre corn, soybean, and wheat farm located in Maryland. They typically plant corn and full season soybeans in May each year and harvest in September-November. Winter wheat is planted in September-October and harvested in June-July. Double-crop soybeans can be planted in June-July following wheat harvest. Each year, risk management decisions are made on this agricultural operation about 1) the ratio of crops to plant; 2) crop insurance; 3) forward pricing; and 4) crop storage.

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