Just fraud, no loophole?
Your insurance is based on yield histeries, even if you fraud somehow, the lower yields will dwindle you down to where it wouldn't work long.
Not to say their aren't problems with the insurance program, mtself I think it encourages folks to not replant or try to get asd many bu as thay can. Don't think it should be insuring a profit.
But also don't think it can work the way described, either.