sask crop ins

[riders2010]

Which leads to another point people talk about a program being market nuetral, when coverage is 300 plus for canola and 200 for wheat what will people seed? which if it works out will be more acres causing loss of price.

So basically why is wheat so shit for coverage? I thought crap insurance was improved for everything, it's only improved for some commodities because market price is up nothing that crap insurance did at all. Our minister is promoting the myth that they did something, they did f all except raise the premiums particularly for the areas that don't need a huge raise in premiums for comparitively less coverage.

Great coverage grrr! I have a list of people a mile long that when things (weather) was good crap insurance was better than sliced bread, but when the shit weather came and premiums rose and coverage tanked they soon seen the light, unfortunately some only saw water because they were soon up the creek. Hope that doesn't happen to you!

Hardest hit areas weatherwise are paying highest premiums for the lowest coverage.

[grrrr]

My neighbor has a son that is just starting out. No history in crop insurance. He called me the other day to see what he should do. I can't remember exactly what his numbers are but his premium is almost twice mine, around $25.00/ac. Coverage was much less. I am not going to say the numbers because I don't remember what they were and I know I will get them wrong, but I know his coverage is much less. He doesn't like the program. 2 farmers, 2 miles apart. Totally different coverage. He probably needs an insurance program much more than I do, but he can't afford it.

[riders2010]

Thanks for that post and honesty, it shows that the program is not working like the media is making it out to be for everyone, for some it is. I totally understand why you would think it was good, hell if I was in that boat I would likely too, obviously you had better weather history, can't say I am not envious almost, well okey am totally! But you know, likely premium and coverage is non issue for us, as I cannot see us seeding much acres.

[riders2010]

Rider, you make some valid points especially in ignoring the years in which the yield is almost nothing. At least they did some changes relating to the 2010 year. More could be done, I agree.

But I have a question for you:

In 2005, when you left the crop out over winter and harvested/burned it in spring, you should have received a crop insurance settlement.

Even though that settlement was issued in the summer of 2006 and taxable in that year, it was relating to the 2005 crop year for AgriStability.

Take a look at your 2005 COB from AgriStability. Does it show the full amount of any crop insurance received in 2006 that was relating to the 2005 crop as an ending receivable?

If this was done it would have kicked the crap out of any benefit you could have received for the 2006 year. It also would have changed 2005 and future reference margins.

[riders2010]

As far as other crops and coverage levels here is mine for 2011:

At 80% and 50% discount

Wheat 32.6 for $8.46
Barley 56.6 for $6.64
Oats 75.2 for $7.35

[BreadWinner]

Ive been in crop insurance for 4 years %5 discount and no yield history. Coverage is not great and premiums really high. Canola coverage $250.00/ac costing $26.00/ac. How is a new farmer supposed to have any chance at competing with these numbers when a neighbor has farmed for 30 years and has $350.00/ac coverage and pays $12.00/ac.