Posted by Dave from MN on September 03, 2008 at 04:55:34 from (96.24.108.212):
Hmm, wonder why a farmer would want to rent this drier sandy ground when he has so much more available. Oh yeah, I've heard it called "insurance land". What the heck. Dont crop insurance companies have some way to moniter and address this issue of what I would say is fraud. You have to insure ALL your acreage if you insure any, right? You insure against your average yeild, right? So you rent alot of awesome ground and get your yeild average way up, right? Then ya also rent poor land,cheap, plant cheap seed, minimize spraying on it, and barely fertilize. Then in the fall you collect the insurance payment because the yeild on these feilds are so poor compared to what your aveage is becasue you have many great yeilding feilds. Is this the game some of these big guys are playing with wanting to rent the poorer soils around here??? It seems like it to me. I think it is unethical, and also kind of makes me mad that I have to out bid a big guy that wants it just for strategic insurance cost management. Am I way off on this or have I figured a little secret?
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