Eastern, IN | IALTO - 7/25/2013 17:17
It is to a certain point. The lower the harvest price is the higher my bushel guarantee is and quicker I will have a claim which will pay $5.65 a bushel. But not marketing at all and using insurance as a pricing mechanism is wrong in my opinion.
I fully agree. Most folks use Insurance as protection. The way I see it if I sell my corn @ $5.75 and collect Insurance (thru reduced price / RP coverage), I win on both fronts. Insurance is a separate tool. You still can't loose focus on marketing. |