Crop Insurance changes

[Matt Duncan]

What are your thoughts on the new crop insurance policies for this year? What level of coverage will you be taking, I was going with an 80% but I think I will go with 85-90% this year. The way I look at it is that crop insurance is the only input that guarantees you so much $ or B.P.A.

[K2]

Looks like the Feb average of December futures will be close to $6.00 in corn.   We will have to see where the sweet spot is when we get the cost numbers put together.  It usually is around 75%.   This year might be the year to put more on as you will be getting significant revenue protection along with yield.  Should be interesting.

 

JXK

[Ryan Garrett]

I think we are going with 70%.  It is significantly cheaper than 80% in our river bottom ground and we must carry the same coverage in the hills as the bottoms.  At 70% we cover all inputs and have some to spare in case of a catastrophy.

[carvenedrick]

Various changes are occurs in crop insurance of this year. All reported production information will be used to update a customer's individual coverage levels. Could you please produce some more attachments about the topic for view detail information.

<a href="http://www.e-farmcredit.com/ "> farm mortgage </a>

[Grant Rix]

At this point of the year it is really hard to know what to do.  The farm bill has to pass congress to know exactly what to do.  With the fed gov paying 60% of the premium we had to pay $20 per acre for an 80% coverage level on corn.  If the fed subsidy goes away we would be looking at around $35 per acre premium for corn EU or $84/acre OU corn (this is in northern SD).  From what I have heard in the "I States" premiums are $5-10.  In SD that's a no brainer, however I don't farm there nor do I know your propensity for volatile weather.  Also, is there going to be a disaster program?  If so, they usually base your payments off of your guarantee.  At this point there are too many unanswered questions to make a good informed decision.