Posted by IaGary on September 03, 2008 at 05:20:56 from (207.177.17.200):
In Reply to: Crop insurance farming posted by Dave from MN on September 03, 2008 at 04:55:34:
You are right and you are wrong Dave.
You insure in units. In other words my insurance is in split by sections. All the land I farm in a section is on one policy. If I farm in 3 sections then I have 3 units.
You only collect when the total actual yield average is below your established yield for the insured unit. Not on individual fields.
Ex:Field 1 yields 145 on 20 acres.
Field 2 yields 150 on 20 acres.
Field 3 yields 135 on 20 acres.
My established yield is 140. I do not collect on the 135 field cause the average for the whole unit is above the 140 average.
Also your established yield is a average of the last 5 years. So every time you collect your established yield goes down.
I had neighbors who had a established yield of about 70 bu before they quit farming cause they collected every year and the yield kept going down.
Now if I would go out and rent a new to me farm with a high established yield I could work the system like you say and just farm it for the insurance.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
