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SE IA | I will be taking some, but not sure on the amount of coverage yet. Like graintrader said, it is bad business to not at least take something.
I didn't collect in 2012, it wasn't a great year but it wasn't insurance level either. I was going to drop to lowest level (if you didn't need insurance in 2012, then when would you need it?), but then thought about the fall harvest price under RP. If your proven yield was 180 bushel and you take 85% = 153 bushel of coverage.
$153 x 5.65 = $864.45. If fall price heads to $4.00 per bushel, that is a 216 bushel guarantee. If price goes to $3.50, then you have a 247 bushel guarantee. You could have 200 bushel corn and still get an insurance check. | |
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Crop Ins. Poll.
