Posted by ADB-IA on August 25, 2020 at 06:33:57 from (208.126.74.33):
In Reply to: Re: Crop talk posted by wgm on August 24, 2020 at 20:17:35:
Multi-peril crop insurance pays for a loss regardless of the cause. It simply insures a percentage of your average yield. Every year you report your yields. They use the last 10 years of your yield history to calculate your average yield. At the beginning of the year, you elect the coverage you want based on cost vs risk - 60, 65, 70, 75, or 80 percent. When your yield falls below that percentage, you have a claim. There are revenue policies that bring price rise or drop into the equation also. They take last years price times your average yield to establish a base revenue per acre. If your yield times this years price falls below that dollar figure, you have a claim.
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Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
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