OK so a farmer like me who has say 230 gross income minus 150 elligable expenses equals 80 dollars of margin. So in past when the margin falls bellow 68 I would be triggering a payment for every dollar I am below. Now in the new rules the margin that is 70 percent of my elligable expenses of 150 actually has no effect on my farm. So you are wrong that the program will never pay it will just pay less. Where this comes into play would be the farmers in the sure crop areas or very high production areas where the elligable expenses are much more lower ratio than the gross income. Maybe you are of the farms that continuously produce 50 bushel canola etc you may not be so likely to trigger a payment.
Announcement
Collapse
No announcement yet.
mbratrud I got it on agstability
Collapse
Logging in...
Welcome to Agriville! You need to login to post messages in the Agriville chat forums. Please login below.
X
-
Now for the farmer that is in Crop and hail ins. Maybe his Margin would be 100 or even 110 in this scenario. But typically half of the payments from crop and hail would be deducted from the agstab payment if triggered one. So must question the reason to be into crop and hail ins. Agstab is still OK.
Just pays less.
-
How many crops do you grow. The nice
thing about crop and Hail Insurance it
allows you to insure individual crops vs
basket. If you grow 50 percent wheat
and 50 percent Canola and your Canola is
fantastic but your wheat sucks. Good
chance with Agstability you get nothing
for your wheat.
Regardless everyone is going to have
different numbers and different
insurance needs.
So you are able to pay
yourself/Machinary/Land with 80 bucks an
Acre? That's lean. Good for you. Here
Land alone is 50 - 70 per acre.
Comment
- Reply to this Thread
- Return to Topic List
Comment