Cambridge, southwestern Nebraska | The general consensus seems to be two thoughts.
Figure up your cost of production and buy up to that level. This year lower levels should cover the cost of production compared to the past years. Cover your cost of production so you can farm again next year.
The other thought is what level gives the best return or what are the odds of having a loss. Generally 75% seems to be the sweet spot for us. 80% can cost us nearly a dollar for $2 of coverage. Unless I need it I’d rather buy something with at least a 3:1 return. |
Crop Insurance thoughts
