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Iowa | It does apply to row crop farmers, but is likely not a good fit for most. You must have three commodities to qualify for 80-85% coverage levels. So a strictly corn-soybean grain farmer would only be able to insure up to 75%. Livestock sales cannot exceed 35% of gross annual revenues (with a $1M cap) in the program. So even at $1.15, you couldn't sell more than 580 1500# cattle per year without kicking yourself out of the program - plus your crop revenues in that scenario would have to be at almost $2M. Contract growing does not count as a revenue source - you must own and market the livestock yourself to qualify. IMO, it works best for diversified, high-value cropping operations that grow products that may not be insurable by other means. That is why it has caught on with some farms in the Pacific Northwest. It may work okay for some row crop farmers with smaller livestock operations, e.g. a 1000 acre farmer with 100 head of cattle, but the amount of paperwork involved will be a major drawback for most. | |
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Whole farm rev protection policies
