 Amherst WI | jonas grumby - 11/30/2012 08:07
I farm in N IL so there was an assumption (rightly or wrongly) that someone in East Central Iowa would have simular yields and costs. Again I could be wrong on that that is what my assumption is/was.
100% corn on corn for the last 6 years. My 10 year historical yield is 176 bu/acre. So 85% coverage is ~150 bu/acre. My cost (not total cost) was $21.56/acre. I have enterprise unit as all my acres are in one county.
Thats a pretty good deal and I wouldn't blame you for taking it.
"Up here in the sticks" we seem to get the short end of the stick on the crop insurance stuff. High premiums for low coverage, no discount for irrigation, if you do have irrigation and you are in a dryland county you get the county dryland yield until your APH is built up which is almost half what you will get in a average year, can't insure dryland and irrigated differently, ect.....
I realize crop insurance is a great product for a lot of people, and it did help out here some too this year, but it seems like it is written for the "I" states and the other states that grow corn get the stinky end of things when it comes to how it all works out. (no disrespect for those that live in the I states either) The policys are either written by people who have no idea what it is to farm or copmplete idiots, or both. |