dakotafarmer1 - 1/18/2019 22:22
Your right ColrBlind to the 5 years - thanks for your thoughts! I appreciate it I really want to hear from someone with experience... Did you get a quote? How was the process? Seems in depth, but they seem to really want to get it right.
The numbers I used were just an example. It can go to 800 bucks plus inputs.
The numbers I ran were much better with this insurance than the federal because of basis. The federal gives me an unrealistic number. If I raise my bushels but sell under the board, I lose.
The nice thing about this is I can pump the fertilizer and have a better coverage because it goes up with what I spend.
I am getting a quote. He told me the price would be probably be higher than the federal, but that program only incentive is to quit, this program allows me grow...from what I can see.
I'm about making money not an insurance check - this is what excites me about this deal cuz it focuses on solid agronomy. I dont care about the subsidy - I only look at out of pocket money. If it works great, if not, I'll stick to federal, but at least I will know.
I think in areas where federal crop insurance is 10 bucks for 200 bushel corn it wont work, but outside the gold belt it should work.
I found this brochure-
https://www.diversifiedcropinsuranceservices.com/Portals/0/Images/Ch...
spells it out pretty good.