East Central South Dakota | If you have insurance and prices stay high in November to establish a new higher harvest crop insurance price, how do you get too hurt financially ? 130 bushels x 4.60= $598/acre
97 bushels (crop insurance guarantee/75%) x 7.00= $679/acre
The risk is if the crop insurance program can be fully funded with all the indemnity claims. Some huge payouts this year ! !
I quess i would argue just the opposite. If they do not tinker with crop insurance and we establish a high February price for corn, people will plant the crap out of corn because of the high/acre guarantee. |
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