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Nw Iowa | There are two types of BTO’s. One is high volume, low margin operator who absolutely needs crop insurance. These are operations that pop up in a generation that rent majority of their land, have a lot of debt but thrive on volume. Than there are those that are multi generational farmers, have strong balance sheets, own a much higher percentage of the land they farm. They thrive for generations but can be threatening by death of principal as heirs want their money. First example needs crop insurance to survive, second does not., I think first example tends to be the high rent crowd to grow quickly that highly depends on crop insurance to get financing. | |
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On crop insurance..
