Northeast Nebraska and Candelaria Philippines | Grhog - 12/5/2016 20:53
I am not good with numbers but insurance is just another way to keep food cheaper. They want to pay part of the premium-fine with me. My problem is with the loss-pay ratios. Is anyone really looking at the numbers? No market competition with crop insurance to cheapen premiums. By the way the more local way to sustainability in ag is to fallow (rest) ground once in a while. Yield bumps after set-a-side were common.
Insurance companies have had a few good years now. BUT, in 2012 they got there clocks cleaned.
JD tried to compete, and they lost money 3 years in a row I believe. |
set aside
