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elcheapo
Veteran Advisor

crop insurance wheat, what ya going to do ?

In light of all the dire predicted prices, think
Will go to 85% and go to enterprise units
Since coverage is half price, and everything is
Plus or minus 3 miles apart.

Am I right or wrong?
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5 Replies
vrbuck
Advisor

You are a year behind on the coverage

since that is what I did this year wit the good guarantees.  You lose the benefit of good RA insurance when you are looking up from the bottom of the waves.  Go cheap and slash costs, carry minimum allowed insurance, but carry hail insurance just in case.  Use your hedge account religiously and wait for a summer rally in 2015.  If that doesn't happen carry the 2015 crop into 2016.  I know, I know,,,,,,sell the carry is also a strategy.

Hobbyfarmer
Honored Advisor

Re: You are a year behind on the coverage

75% RA enterprise, add the 11% SCO buy up. = 1/2 the price of the 85% and end up with 86% coverage will have to select the PLC option at the FSA office to qualify.

farmerguy89
Advisor

Re: crop insurance wheat, what ya going to do ?

I'm going 90% w fixed vs float price. But I'm on canadian insurance... So it's different.

It would be a bloodbath of red if I didn't harvest a bushel of wheat next year and had to rely on any of the prices they are going to set

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elcheapo
Veteran Advisor

Re: crop insurance wheat, what ya going to do ?

How do they do crop insurance in Canada?
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farmerguy89
Advisor

Re: crop insurance wheat, what ya going to do ?

I don't have the option to break things down by field... I can go 90% on almost everything. The income insurance stuff just started but you have to be an accountant to get the paperwork done because it's too complicated.

I've covered this before but I would like to break things down field by field... Cause sand acres aren't the same as tiled loam soils.

To sum it up, some things better, some worse
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