Just a reminder after that crop insurance washes their hands of you. This from the other site
https://talk.newagtalk.com/forums/thread-view.asp?tid=1002157&mid=9044282#M9044282
It isn`t science fiction to say it`s possible to get to $12-$14 corn and that could bankrupt almost as many farmers than $3 did. If crop conditions of 2012 or 1987 materialize, I don`t want to have to deliver $5 corn and you can bet grain mechanizers would want the physical corn in that instance. I know, the rains will come and the sunshine and we`ll raise the 15 billion bushel crop and $3.00 corn again, however if we don`t, I don`t recall a time when the risk reward was greater.
Some would say "aw, $12 corn`d kill ethanol demand and cattle feeding" wellll, what if gas goes to $5.50 and hamburger goes to $12/lb? The public is still not recovered from the panic of Covid, they hoarded toilet paper at ridiculous prices, figuring just get through a few months. Throw in there more stimulus checks sent out, extended unemployment benefits and there would be the dollars to chase the extra groceries.
Remember the old axiom of 5¢ of wheat in a $4 box of cereal? You could quadruple the price of the wheat and the cereal box would still cost multiples of it`s main ingredient.
Of course this probably won`t happen, but the possibilities have never been less farfetched.
