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| 007 you are spot on that the products help you market your grain but we have to be careful as to how we market the grain and what tools to use. CI is not a substitute but a backstop for marketing. If I would have all the grain marketed at last years spring price ($2.59) I never would have participated in the rally in the fall, however I still had downside price risk. Same as this year. Plus, the prices did rally last year but the basis did not in most markets until after harvest (now) so having storage paid. If the basis rallied from -40 to +25 at harvest and I had a large % sold how does CI help me in that situation if I have a short crop. I need to buy back at +25 CBOT when my indemnity is figured at the CBOT price?
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crop insurance
