Federally subsidized crop insurance through one of your area insurance agents. It is more effective in situations where you typically run high yields and only incur a serious loss one out of five years so as not to knock off your yield average. Does not tend to pencil out where yields are marginal most years. In those situations it would be better to self insure if possible which means setting aside a portion of your yearly profits into savings or short term investments that could be cashed out in a few months time to deal with a disaster.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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