|
Grand Rapids, MI | lol..on keeping your mouth shut...seriously though I find in the long run it is still the best policy to be honest.
I would not be so quick to say you won't collect on insurance. If your first crop was completely wiped out (you had it appraised right before you tore it up to plant the second crop?) you already have a 10% loss on your corn enterprise unit. If the price drops from $6.01 to $5.40 you would trigger a claim at anything below an average crop. Another month of corn price drop like June and an average crop would get you a corn indemnity. Now since you planted a second crop your corn indemnity on those fields will be reduced by 35% (unless you have a claim on the second crop) but your premium on the corn is also reduced by 65%.
So yes, you will hurt your APH on those sections. (Make sure your agent selects the YA option so that your APH for those sections is 60% of the t-yield not zero) However, you do certainly have more likelihood of collecting a claim. | |
|
Prevent Plant bailout
