Posted by JD Seller on September 29, 2013 at 14:50:15 from (208.126.196.144):
In Reply to: crop ins. posted by gbs on September 29, 2013 at 14:13:44:
Your are finding out the fun of "FARMING the Insurance" the prices will be an average so your not going get exactly the difference in your sales price and the guarantee.
The best way is to forget you have the darn insurance. Sell your crop to maximize your profit. You will not hit all the highs but should also not hit all the lows either.
I think corn price will fall as harvest goes on. The numbers I have been hearing are going to make this a large crop. Soybeans may hold and even go higher as the yield numbers are turning out lower in some areas than expected.
Either way I think that the insurance deal is going to collapse real quick. It is not popular with too many people. Farmers are not the darlings of the populaces eye they where in the 1980s. So with the Federal Government being broke, the money will not flow to agriculture like it did in the past. Truthfully it should not either. We have had record incomes from grain sales the last few years. The average working person has not had that windfall. So why should they have to have TAX money go to people in cyclic business that just made record money???
Back to your original question. I think that there will be a posted county price much like the loan rate was in years past. This will be an average for the county you live in.
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