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Here's the dilema......What would you do?
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dri
Posted 7/8/2012 09:29 (#2473020)
Subject: Here's the dilema......What would you do?


Central Mo

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?

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