Northeast Nebraska and Candelaria Philippines | Large daddy - 2/14/2017 08:38
Very good policy for insurance co very poor for producer
Large Daddy, You made a statement like that a while back, and I corrected you. You must have a thick skull.
The fact is, the insurance companies have paid out more on WFRP then they've taken in. That is a FACT, what you say is rubbish, and you are doing other a disservice posting rubbish. I posted the actual numbers in the last comment you made if you want to go back and find it.
For the other posters:
Another situation it would work well in, is for livestock producers. Say another mad cow incident comes along, or a disease that wipes out a hog or poultry operation. Good coverage at a reasonable expense.
For the row crop farmers, there are some advantages. Like being able to use the last 3 years yields rather then the full APH database, and being able to use a true market price vs the CBOT.
As other posters have stated, cheaper coverage. Granted, it's going to be less coverage for many row crop farmers, but if you're looking to insure against a disaster WFRP will do it cheaply.
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Whole Farm Revenue Insurance Policy?
