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| Can you please help me to determine what level of crop insurance I should seek; 75% to 85%?
This will be my first year farming. I have rented 50 non-irrigated acres that have been corn on corn for the past 5 years, I have not been able to obtain any past yield information. I was planning on contracting the planting and harvesting out this year. With cash rent, my estimated expenses are $500/acre. Because I have no past history, for insurance purposes, they are using the county average of 90 bushels per acre. It looks like 85% would cover most of my input costs, but I wanted to see what the experienced farmers are doing. I would be using RR corn and lime according to soil samples already taken. I'd appreciate any feedback.
Edited by Dean (West MI) 3/15/2013 07:55
 (Crop Insurance.JPG)
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 Crop Insurance.JPG (58KB - 73 downloads)
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Selecting Crop Insurance Coverage Rates
