Southern Mn | Centuryfarm - 8/30/2016 08:43
It is 3.68 times you aph. My aph is190 times 3.68 which is 699 per acre. Multiple that by 85 percent and you get a 594 guarantee. If you field averages 200 price has to drop below 2.97 to get a check. On an operation that planted 400 acres of corn your premium would be 12000-15000. With your premium added into the equation the price would need to drop below 2.79 before you make money on crop insurance at 200 bu corn. I don't understand why everyone makes such a big deal ove crop insurance. I don't understand why your cropping decision was based on crop insurance either.
EXACTLY unless you have really poor corn dont expect a payment this year, this was known going into the spring, pretty much knew in a decent year even at 85 percent coverage you were throwing the premium in the pot. Yes what could you do? couldnt NOT insure it and in case of a crappy year that was the only lifeline. God help us going into next spring when applying for an operating loan. |
Isn't the Oct insurance price the target?
