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Farm bill

I think it cost me about $1150 a year with nothing in return. If anybody with subsidized crop insurance wants to bid against me for rent,they have the advantage with a guaranteed income.

Right or wrong,just saying.
 
Sounds complicated. Surprise, huh?

Don't really care for it, but there it is, got to work with it.

Wonder when they will tell us what actually is in it? Sounds like there are several paths to choose from, pick one and ride it through.

Paul
 
Yup I feel the same way. So as the saying goes, if you can't beat them join them.

That's why I have the insurance.

To compete.

Gary
 
serriuously , thinkin about going with out ins this yr. 1st time in 10 yrs .always did it because crop insurance was required to get a base payment ,,.if I had a good crop yr.,. I had to pay out 3 or 4 dollars to get back one,speaking of usda base payment , over last 10 yrs had 3 claims ,,. and it was a burden every time doing the audit,,,.
 
CAT coverage was cheap, and the minimal required. Granted, paid only with total failure, but was enough to get the base payment you mention. What, $25 a crop?
 
I had a very bad experience back in the 1990s when insurance was required for 2 years, we had that flood year where I got less than 1/2 a crop. My 'agent' had talked me into upping my coverage because it would cover so much more of my crop. When I stopped in with my bad crops, he basically laughed at me, handed me a pink sheet of paper, and left me on my way.

After doing some calculating with his additional info that he hadn't mentioned before, it turns out my $8 an acre coverage would only pay out $16.80 if I had zero harvest on my entire crop.

Some of the easiest money those fellas could make back then, just fall in with the govt and laugh at people, I guess whatever makes you the big bucks.

Fool me once, I guess I've had a very dim view of crop insurance people since.

Perhaps poor of me, I should not judge all based on one person/ company but it was not a good experience at all, one to remember.

Paul
 
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