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Veteran Advisor

PP

There are some that if given the opportunity this year,  are going to take PP on everything possible. 

The markets are to cheap and PP pays More. 

 

11 Replies
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Honored Advisor

Re: PP

I hope there`s a lot of PP taken...10 million acres would be nice  Smiley Happy   However, it isn`t as juicy as it used to be, I think it`s 60% of your guarantee, plus you get a zero for production in your yield history for the year (probably not a huge concern if you have a Quadtrac payment past due on the kitchen table).  Haven`t been to the DeKodies lately, but last I was there the gravel roads were dusty, they`re probably already planted.  The noise from Illinois is "we`re too wet!" yeah they always say something like that, then in the fall "Record yields coming out of Illinois!".  

Those prone to abuse the system, if you will, already have a bunch of goose eggs in their yield history, so it`d be even less incentive to go PP for them.  If Uncle Sugar doesn`t put his thumb on the scale like he did last year with MFP payments, the incentive will be to get rows out there and then milk the revenue guarantee.  We do have a decent insurance price guarantee and the PLC farm program looks to be good.  

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Senior Advisor

Re: PP

You can't get PP if your neighbors are able to plant. That's why they have the prevented in PP.

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Senior Contributor

Re: PP

You are not correct. Neighbor takes it regulary call him the insurance farmer. Told some officials yrs. ago so far nothing has been done. Group of us from joining counties went to Washington met with R M A director about the problem he told us about the over 95 percent conviction rate they had and how they could find marijuana plants and other illegal issues by satellite. When we told him about the fraud in our areas and asked why nothing had been done about them he said Erick Holder sent memo directly from his office saying don’t charge anyone with insurance fraud he didn’t want to spend any more money on the prosecution of crop insurance fraud.  

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Veteran Advisor

Re: PP

Spoiler
Spoiler
Eric Holder,huh??  The alleged perp must have been a big D voter/donor?
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Highlighted
Veteran Contributor

Re: PP

The usda still has not come out with a report from all PP acres from last year they won't cause then prices will go up they just ignore it.

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Veteran Advisor

Re: OK then, show me the memo?

"Holder sent a memo direct to" ?  Not that it isn't possible but think about it, mighty convenient excuse for that official.

   Besides,  here anyhow, you better have a pretty good case for PP, they check the weather history and the neighbors' progress, ask you twice if you really want to take PP, and then check your fields later.

  If someone is taking PP every year I'd more likely  think to start to check their relationship with the insurance company & the adjusters.

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Advisor

Re: PP

I put in a few years as an adjuster and if you’ve got any that sign off on that sort of a claim you’ve got rot in the system way, way down below the USAG. 

Re-insurers audit the crap out of random atypical PP claims. Sales and adjusting a pretty good gig as far gigs in rural America go. I can’t imagine an individual risking that unless they were really, really protected from high up. Agents aren’t supposed to influence adjustors. 

You’ve got a local mess if what you say is true. 

Did you start at the State regulatory  level?

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Frequent Contributor

Re: PP

Ya' know, I wuz just tellin' my neybur that I got a nobil prize fur my 2019 Prevented Planti'n, mattur 'o fack, they's a'gonna gimme a reality TV show too. I'm a purty smart feller (I got a really great brain- I just mite run fur president in a cuple yearz)).

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Veteran Advisor

IF

The cover crop,  hay,  graze and chopping rules are like 2019, PP might be thee smartchoice for those swimming in 2 much h20 in 2020.

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