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Contributor

prevent plant insurance

I have a city friend making me feel guilty because it is so wet here I can't plant and I might take prevent plant insurance. He has a roofing business and says he wishes he could get paid to not roof houses. I have a question about prevent plant. Is the program designed so that the 25 day late planting period is supposed to be used to the farmer's utmost ability to plant during that time BEFORE they try to take the prevent plant?

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11 Replies
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Senior Contributor

Re: prevent plant insurance

No..Our date here is June 1 and you can prevent plant if unfit to plant on June 1. If you still want to plant after June  1 , then your  APH is reduced as you get farther into the extended planting period. At least that's the way it was explained to me.    John

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Honored Advisor

Re: prevent plant insurance

The premium stays the same, the expense of putting in a crop remains, crop drying expense goes through the roof BUT the $ guarentee just goes away. Don't late plant past a week.

 

BTW invite your friend to be a farmer too.

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Frequent Contributor

Re: prevent plant insurance

I agree with hobby.  Pretty sure my corn planting is done.  I'll focus on replanting corn if needed when it dries up and plant some more beans but not corn.  

 

I would ask your city friend a few questions when he jumps you.  How many millions does he have invested in his business compared to most farms today?  And its not like the roof fixes itself.  It will be there in July, August, Sept, Oct, Nov when you can't be planting corn.  Maybe you should offer to help him out when it stops raining because its looking like the fall work load on the farm will be much lighter then normal around here anyway. Maybe he needs to not be such a wimp.  I saw a neighbors house getting roofed this week in a steady rain.  I was pretty impressed that the guys doing it continued to work in the rain and even some lightning.

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Senior Contributor

Re: prevent plant insurance

Ask your City Friend if he has to have over $26 Million Dollars of his own money tied up in Capital/Farmland just so he can have a job. Also if he has to pay $56,000/year in Crop Insurance. This is why we carry crop insurance, just for years like this one. City people have no concept of the amount of money you need to have invested just to be a middle-sized corn farmer. Sure, you can just cash rent all your farmland and have zero money invested in your land, but long-term, Mr. Computer shows you are generally better off if you bite the bullet and purchase your farmland. Also the last 25 years, farmland has been a great forced savings plan, meaning that the principle you pay off in your land loans is a good way to save money for the future.

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Veteran Advisor

Re: prevent plant insurance

RSW, I don't see any of your fresh articles bashing crop insurance subsidies these days... What gives?

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Senior Advisor

Re: prevent plant insurance

BSF, don't egg him on, have you forgotten how nice its been since his absence.
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Senior Contributor

Re: prevent plant insurance

Probably to busy calculating what his payment is going to be. And how he is going to spend the money. I could never tell if he was bashing it or just passing along information.
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Advisor

Re: prevent plant insurance

I'll take prevented plant for 50 million please. Should help w things for a while
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Senior Advisor

Re: prevent plant insurance

Wonder if his  " custom 125 " still gets full payment from Prevent  ? 

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