Posted 11/1/2025 23:20 (#11421309 - in reply to #11420896) Subject: RE: perhaps it could be priced as to the risk it represents.....
Premiums already reflect loss ratios to an extent. Following is an example of rates on one of my fields. It is not exactly comparable between the two management types because I take different levels on dry and irrigated ground. This is for revenue protection on individual sections (not whole farm).
corn /a /bu (APH)
irr $9.87 $0.0448
dry $42.60 $0.3277
soybeans /a /bu (APH)
irr $7.74 $0.1270
dry $33.75 $0.9122
I wish the map included a breakdown of the crops included or broke the loss ratio down to one crop. There are more crops insured nation wide than corn, soybeans, and wheat. Also since some of the insurance products include a price component may complicate calculations to get a more balanced loss ratio.
Fed crop ins, should we really abandoned it.
