Honored Advisor
Posts: 17,977
Registered: ‎05-13-2010

Extreme example, insurance affecting acres

I saw this on New Agtalk.  The 34,000 acre Diamond Ring ranch was put into corn, rent <$20/acre  T-yield 51bu.  Those familiar with it say it should be put back to grass and cattle.   Apparently, it`s planted and they pray for rain or it`s a insurance deal.   Crop insurance enables ground like this to be put in row crops.  See, I would assume they hit the jackpot on yields last year, but this year it`s a settlement check in their mailbox.  Crop insurance is subsidized and probably be too expensive to run schemes like this if the operator had to pay full freight.