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Re: Crop insurance for a green horn
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Posted by BOBM25 on March 08, 2007 at 12:22:22 from (69.68.42.16):
In Reply to: Crop insurance for a green horn posted by Dave from MN on March 08, 2007 at 11:28:41:
Just my 2 cents but this year I think I would go CRC (Crop Revenue Coverage) because of the high grain prices. If you don't have proven yeilds on your land you can use your county's average. I don't know how familiar you are with the types of plans, but with a CRC plan you get paid for a percentage of yield loss X a predetermined price per bushel or price per bushel at harvest. Example County yield avg for corn: 150 bu/ac Your 2007 crop: 100 bu/ac Corn price at harvest $4 50*4=200 If you had a 75% CRC plan you would get: .75*200=150 bucks per acre! Not bad for a plan that's probably around 20 bucks an acre. This is how it works with grain crops, I don't know how it would handle your hay.
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