I have one field with center pivots. Can water 80 or so out of 92 acres. This is out of 1900 total acres of corn. (I farm with my dad and 1 brother and my son) I started watering over a month ago, about a month earlier than normal. Fuel costs are about 750 a week for diesel. I have crop insurance with Enterprise Units so any extra I raise on the irrigated field will just lower the money from insurance, (I've carried ins for 20 yrs and never collected, except for replant). I talked with my agent the other day and we agreed that the only thing I am going to gain from continueing to water is that I am betting that I can sell the extra bushels for more money than the insurance price per bu. My expences would come off of the profit or loss from the extra bushels. Should I just stop watering this corn and take the insurance? Kind of goes against my farmer mindset to NOT raise the bushels. WHAT WOULD YOU DO? |