Canadian and USA crop weather

[malleefarmer]

Would love to make some rational comments as a
observer from down under about current weather
and what has happened in the past in above
areas,but I have some good friends on here and I
will get flamed to hell so I'd prefer not to start an
argument.
Be worse than arguing with my better half I don't
start cues I know I wont win.

Crops all in here on time and looking normal.

[SASKFARMER3]

Well you know my area, 65% in then we got
2 plus to 4 last week and now drowned out
areas and mud. Last fields will be a
challenge to get seeded. Time is running
out starting to look at what pays good on
insurance. HRS vs Oats. HRS wins.

[malleefarmer]

I'm of limited intelligence but I do find our
insurance schme hard to understand seems open
for corruption and leads to over production.

In Australia if we have flood or a drought frost or
low prices stiff shit we have fire only insurance or
fire and hail at a higher premium.

Seems like grain growing in Canada is risk free if
something goe wrong insurance il cover it.

Ope I haven't peeved you off sask but it seems
morally wrong to me and our tax paying public
would soon wake up to the fact farmers are
getting something for nothing.

Think I'd better not log onto agriville for a hike
honk Im sure to. Get some hate mail even parsley
will disown me

[malleefarmer]

Darn iPads my spelling is worse than usual.

[SASKFARMER3]

No my premium is close to $100,000.00 a
year so I guess the Tax payer is getting a
deal. Crop insurance in Canada was
designed to make money for the province.
In most normal years its a cash cow for
them.

[malleefarmer]

Ok as usual I'm out of my depth.
But fact remains you can insure against most
thing even if it's expensive.
But you can insure against unseeded acres?

[cottonpicken]

Thats not entirely accurate,if your premium is 100g
then the taxpayers bill is maybe 200g?(can't
remember ratio)

You can't make money off crop insurance but there is
some support there and its not self sustaining like a
normal insurance programs it does take public funds.

[oneoff]

C'mon At least lets not try to fool oneself into thinking that Crop Insurance is self sustaining. I seem to remember that taxpayers pick up the admninistration costs and the provincial and federal governments pick up the major part of the premiums.
If I'd been so far off base I would feel compelled to beg for mercy.
Surely a successful farmers decisions can't be based on such a wide deviation from the obvious facts of financing operations.

[jensend]

producers pay 40% of the premium of an actuarially sound program and none of the admin costs so private crop insurance would probably cost 3 or 4 times what producers are paying now.

[LWeber]

https://www.agrisksolutions.ca/

Anyone using this?

[charliep]

malleefarmer

Crop insurance here is designed to be actuarial sound - over time the program will break even. Posters are accurate on the farmer/government share. Coverage is an area average yield specific to the farms location indexed for a farmers claims experience. Farmers who have a limited number of claims have better indexed yields whereas those that have more claims see the yield side of coverage decrease. Prices are based on forecasts about 3 to 5 months ahead of seeding. You can supplement all risk crop insurance with a hail rider to increase coverage for this specific risk. Alberta also offers a price insurance component (something like a put option). Lots of other nuances to our programs but a basic primer.

[Daylate]

We've not had crop INS. In 7 yrs now,and
haven't missed it. Our regular crop ins premium
we put towards municipal and line hail ins. Has
worked very we'll for us so far. 7more years and
were a crop ahead.

[blackpowder]

Never been to Oz, would like to someday. Need some help for a month some winter??
Here in AB with my costs a unseeded acre benefit wouldn't pay my rent, I have to seed, so far lucky.
Also as you know, we grow a crop between the graces of winter.

[blackpowder]

Sure wish I were in your shoes Daylate. Of course every situation is specific. With my ratios I have to.
One year I cheaped out, saving money for line hail ins. Minor drought. Saved $8000. Lost $56000 potential.
Depends on your philosophy of course. But now I look at it this way. If my cash-flow cannot afford to take the $56k hit in any ONE of those 7 years, I feel I must spend the $8k.

[cottonpicken]

Saskatchewans has a point system where you gain
points if you don't make a claim it translates into a
percentage of the premium you pay wich ranges from
plus or minus 50%.

Which means if your base is 10 thousand and you
have a 50% discount you pay 5000 or if your minus
50% you pay 15,000.

Have i got that right?

Personally I'm glad to have gotten into the 50%
discount because the cost on some of these crops has
gone through the roof lately.

The coverage options are also pretty variable ranging
from under a hundred an acre to 300 an acre
depending on crop and % level chosen.

I would be interested in knowing what the top lentil
and canola growers have maxed out for coverage
levels,could be over 400 an acre at 80%,anyone want
to show their privates,lol?