Ok lets look at a little Math! Rent $100.00 Acre!

[Richard5]

Goodrum, Sask 3 is referring to Global Ag Risk solutions.

In my opinion its not all its cracked up to be.

There hard sell approach is all about a margin over inputs (seed, Fert and Chem). In other words you can buy insurance of $100 over the real cost of these. I have heard that if you are a low risk producer you can get as high as $150.

So in summary, you can insure your real gross at $100 over those 3 expenses.

I think if any farm only gross's $100 over fert/chem/seed cost they would be done. This doesn't include fuel either. With some of the iron some run the real cost of that is reaching $120/acre alone.

They also push this idea that if you spend more on those inputs that your coverage increases to the same $100 over those costs (if you take the $100 coverage). What THEY DON'T tell you is that if you don't spend the dollars on inputs then you coverage drops the same.

So if you don't seed a crop your coverage is $100 over your chem cost for the year.

[GOODRUM]

Hopper, yes we sure have achieved efficiency ,
Why are farmers the only ones in the whole picture who's efficiency allows us to keep up with inflation by production increases , wouldn't it be nice if the mines had to keep up with inflation by producing more,
Sorry, I'm just in a bad mood.

[Hopperbin]

Other than seed fert chem. Lets add it up. Machi ery labour land rent Insurance tools repairs oil living costs custom app improvements shit hit fan events.

[GOODRUM]

Thanks Richard. , I would expect it to be to good to be true, and like all insurance you don't really find out the fine print until you need it, and it's never better than expected.

[Hopperbin]

Agree also. Now does the govt pay 2/3 of the premium. No Ins scheme could outdo crop Ins as they are so heavily subsidized. Please dont tell me these ass holes get millions of govt support.

[furrowtickler]

One other issue is it's a total revenue package .
Last year we lost about $350,000 in peas to root rot , but still was below any trigger

[Guest]

you're absolutely right sf3 , anyone paying $100 plus is dyin a slow death or has too much money . sad thing is half of it is bullshit or never gets all paid ,. landlords don't tell those stories unless they have to , tho . there was a deal here bragged about last spring for 88/ ac , turns out truth was $65 /ac

[Richard5]

yes you are correct furrow

It is a total reconciliation of revenue also which mean they look at what you actually end up getting for your production by June the following year and not a cuttoff price like AgriStability if grain is on hand at your year end chosen for tax

[Hopperbin]

Every two miles the land is different. Pay what its worth. Your local should know.shit.

[Partners]

Some in this area are paying High dollars just so "Their Neighbors" don't get it..Nothing to do with making money..just greed..

[Hopperbin]

A faming career should be about 30 years. Age 30 to 60. Anyone over under that age dont need to be there. Certainly not in a running shit mode.

[wakopa]

simple, if we get 60 plus bu.we expect on a normal year times 7.50 = 450 dollars an acre gross. (no cwb)