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| There is no tolerance for intermittent growth of a crop or in the modern insurance policies like ACRE for doing a whole farm rotation. In the APH for ACRE you take the last 5 calendar years and toss out the max and the min (olympic average) and average what's left. Last I considered that I was doing a whole farm rotation so at the most I had 3 years of crop for one crop or the other or just 2 years of crop, leaves nothing to average after 2 years tossing out the max and min.
Around here I'm of the opinion that such insurance is a bad investment being that most don't pay without a whole county or whole state disaster and Iowa and the county has enough diversity that the odds of them paying are small, so its better to keep the premium and let it make a few cents in a money market account, at least the money will still be there at year's end.
Gerald J. | |
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Soybean APH once again
