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Missouri | Evaluate the purpose of the insurance. Risk Management, vs locking in a profit, thinking of insurance as a source of revenue is not what it is for. This year the $1.50 corn and $3.00 max change from spring prices on CRC makes that program somewhat risky. Concider a little more premiums for RA and get rid of the limits. That way the insurance price will move closer to the actual market. Even then it is not perfect. Plan on growing a crop and getting profit from elevator, use insurance to be around to farm next year as an escape, pray you get to pay the premium and have lots of bushels to merchadise over a two year peroid. Proven path to success. | |
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crc- forward contract
