Weather / Markets...

[charliep]

FarmRanger

An interesting strategy from a farm friend several years. They used SPE to their crop insurance coverage (70 %) and an option strategy on the remaining 30 %. They had established a minimum price to cover 100 % of their crop insurance yields with the ability to review the puts/option strategy at various times over the summer (i.e. recoup some of the value). With their production history, they felt very comfortable in yields over crop insurance levels with the comment they would play the market on these. Expensive? Yes. Having said, this farming business made way more money than I would ever dream of. They had a strategy to make money and they executed their plan.

[ajl]

The problem with Hail endorsement and price endorsement in AB for
those outside the province, is that when your crop is totally
destroyed say by hail you only get your maximum indemnity. So if you
bought the endorsements then you paid more premium for the coverage
you would have gotten anyways. HE and SPE only works when you
produce more yeild than your coverage levels then you will receive a
portion of your indemnity and have the crop revenue as well.

[Burbert]

WOW The marketeers are bout to start
running wit the bulls, heres hoping that
nobody gets gored. Weather/markets are a
sure thing, eh! FHarperenRitz, while
going forward 2........