Re: Crop insurance for a green horn

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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