Daylate,
I have yet to find any changes to the
crop insurance requirement. Previously
if crop insurance was available to you
needed to carry 70 percent coverage. In
the too wet years you were considered
covered if you were in at the 50 percent
level.
Basically they claw back anything that
did cover yourself for. For example if
you had 50 percent coverage on Canola
and had a claim, if you qualified for an
Agristability payment they would claw
back the difference of what you would
have received with 70 percent coverage.
With the New and improoved Agristabity I
have yet to calculate a scenario in
which I would qualify for and Agstabilty
payment if I held crop Insurance.
Everyone will be different, and that may
not be the case for some. I haven't had
a production claim in crop insurance in
12 years and have yet to have an
Agristabilty claim, possibly 2011 with
40 percent seeded, but I am still
waiting to find out.
I am quite confident that as producers
look at the all new Reference Margin
Calculation most will come to the same
conclusion.
It is unfortunate Agristabily could have
been tweeked to prevent abuse but
instead the blew it up!
I am stunned by the lack of awareness of
these changes. Crafty move by the
Governemt.
Its all available in black and white on
the Agristability Website.
Global Ag Risk Solutions will be given a
serious look from our farm.
I have yet to find any changes to the
crop insurance requirement. Previously
if crop insurance was available to you
needed to carry 70 percent coverage. In
the too wet years you were considered
covered if you were in at the 50 percent
level.
Basically they claw back anything that
did cover yourself for. For example if
you had 50 percent coverage on Canola
and had a claim, if you qualified for an
Agristability payment they would claw
back the difference of what you would
have received with 70 percent coverage.
With the New and improoved Agristabity I
have yet to calculate a scenario in
which I would qualify for and Agstabilty
payment if I held crop Insurance.
Everyone will be different, and that may
not be the case for some. I haven't had
a production claim in crop insurance in
12 years and have yet to have an
Agristabilty claim, possibly 2011 with
40 percent seeded, but I am still
waiting to find out.
I am quite confident that as producers
look at the all new Reference Margin
Calculation most will come to the same
conclusion.
It is unfortunate Agristabily could have
been tweeked to prevent abuse but
instead the blew it up!
I am stunned by the lack of awareness of
these changes. Crafty move by the
Governemt.
Its all available in black and white on
the Agristability Website.
Global Ag Risk Solutions will be given a
serious look from our farm.
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