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NW Louisiana | Anyone have any experience with this? Agent called this morning and wanted me to atleast get a quote.
The way I understand they look at your schedule F from 5 years of production to determine your variable and fixed input cost. Then they look at your sales and will quote a guarantee up to 80% of your sales?
This is not a gov't subsidized plan which I think is great. I'm just curious if anyone has history or has run through different scenarios. From what it sounds like it encourages the grower to make the best decision to maximize a crop and doesn't pay off for those that tank a crop just to collect taxpayer money. I'm not hating on our current system, I've just always felt that there is a better way.
I've found a few other posters inquire about the program on NAT in the past but no one has responded with much input.
TIY | |
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Production Cost Insurance (PCI)?
