Global Ag Risk ?

[JDGreen]

Oh Gus you make way too much sense for this place. Leave now whilst you still have a chance of keeping your sanity, common sense and basic math skills. LOL

[Klause]

oh gus you make way too much sense for this place. Leave now whilst you still have a chance of keeping your sanity, common sense and basic math skills. Lol

lol lol

[JDGreen]

Gust ! You sound like you sell gars !

Sounds like Gus has a business with healthy margins worth insuring.

[Rareearth]

Well it's awesome that we have options, and a choice. They seem competitive on the premium side as well.

It's also way easier to insure when things are good, when cash flow is tight, what do you cut first?

[gustgd]

We did get paid. Our books were in order and we received the first 60% early. I want to say late November early December.
The balance will come in when the bins are empty or May 1st cutoff whichever comes first.

It's a newish program concentrating in southern Saskatchewan. 2015 was fantastic, so no need to collect that year. 2016 was a disaster on this farm. See above.

Others with a more diverse rotation with Canola heavier weighted they probably did ok??

It's not a crop specific program. Doesn't claim to be. Isn't priced as such.

I know of a couple others who said no issues. I can't share their names. Sorry.

2016 will be the test for sure. Lotta wrecks. I don't know anyone in dispute, but I guess that's why we're here.

Question if someone was having a problem with an insurance provider, where would they go?
Is there an ombudsman?
Is there a list like CGC provides for grain buyers?

I know people think/know Agristability is garbage. What's the appeals process

[gustgd]

Sounds like Gus has a business with healthy margins worth insuring.

My sister in law did. She's in a pretty bad health situation so not this year. We are still enrolled this year and upped our guarantee. Next year when we have some big payments off the books, the plan is too lower again.
Manage risk rather than accept what the government offers.

Above was for wiseguy. Did you delete your question on do I sell GARS?

[farmaholic]

Hmmmmm....... GARS, an initial payment and now waiting to see what the final payment will be. Sounds like the CWB model.

Shouldn't be too much unknown at this point. Quantity is a known. Quality is a known. I think we're far enough into the crop year the market prices are even kind of known. What's the hold up?

A different story for those who still have crop out yet to be harvested.

[Klause]

Hmmmmm....... GARS, an initial payment and now waiting to see what the final payment will be. Sounds like the CWB model.

Shouldn't be too much unknown at this point. Quantity is a known. Quality is a known. I think we're far enough into the crop year the market prices are even kind of known. What's the hold up?

A different story for those who still have crop out yet to be harvested.

If Ifyou have malt and and it and it goes feed... durum you thought was saleable but now has too much fuzz.. a bin of canola heats...



All of a sudden not so known?

[farmaholic]

I hope they can cash flow the operation on chicken feed prices and 60% of expected insurance benefits half way through the marketing year.

[Hopalong]

Can agree that that depending on government subsidized yield and revenue insurance is not a good situation.
One problem in moving onward is United States policy and programs that can be more generous to growers than our own.
Think we should not move too quickly away from present growing forward programs independent of US actions.