Don's right about what they are buying. Don and many here live where there has not been a crop loss since 1993 and consequently proven yields are tremendous and the years of no losses have caused corresponding premiums to fall. Many cases where you can purchase $950+ coverage for $35-40/acre. That's alot of insurance for 7 bushels of corn. I think the rationale is buy it and hope you don't collect. It really is too good to be true.
