Posted 4/12/2019 08:14 (#7434927 - in reply to #7434596) Subject: RE: Question for those who use bins
jsmo98 - 4/12/2019 01:41
Thank you for the comment, problem is what if I get half a crop?
Crop insurance will pay you for the bushels that you don't produce. This is why guys say to sell up to their insurance guarantee.
then I'm sold to cheap.
If you're selling at profitable levels, don't look back. Profitable decisions are good decisions.
No other industry has to do such a thing, ordering parts that you know you will have isn't like being uncertain if the weather will send a disaster lol If it was I'd sell 230 bushel per acre every year. 2012 I had over sold and it wasn't a good feeling.
A lot of industries are out at least this far all the time. Guaranteeing production for a year, 2 years, 3 years out to keep the long term relationship with their customer and then hope they get the production side done. They also never get the upside of good weather making a record crop with zero extra inputs.