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.
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