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Crop insurance (machinery) question
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mrsc
Posted 2/23/2021 17:55 (#8853630 - in reply to #8853388)
Subject: RE: Crop insurance (machinery) question


No premiums can be determined until the end of the spring price determination period. This is actually the time to have 85%. If prices go down, with RP, your price is guaranteed at the feb/dec price. You'll be happy you have it. If the price goes up because of a drought. You will be happy you have the fall price option. If the price goes up and you have a great yield, you won't even care or notice the extra $$ you spent. Plus if you would take 75 vs 85%, your giving back the money the government has offered you to pay part of your premium. Everyone has to decide what is best for themselves but I will not refuse to accept money if its offered to me. If the government offered to pay some of your insurance on your new building, would you turn it down?

Edited by mrsc 2/23/2021 17:59
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