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| As an insurance agent and farmer in central IL, I have been throught this situation of buying contracts using Insuarnce $s and managing the outcome that happens 20% of the time at the most. I will agree that it isn't the most fun to manage, but then I don't work for fun...
I will eagerly and happily sell to my crop insurance limit again especially when my net profit is so high. I even built a spreadsheet to help me analyze the potential outcomes of different marketing strategies, insurance policies, options, etc. I CANNOT EMPHASIZE ENOUGH THAT THIS IS THE RIGHT WAY TO RUN YOUR BUSINESS OVER A LONG PERIOD OF TIME!!
Managing through the situation SEKfarmer is talking about can give you the perception that you don't have any money, but a good accounting system(taxes don't count) will tell you otherwise from my experience.
P.S. my experience as an elevator manager helps as well.
Have fun making $'s and let me know if you have any questions,
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crc- forward contract
