Global Ag Risk ?

[furrowtickler]

We just found that being in gars and crop insurance was not the right thing for us .
2013 we got zero from gars and $85,000 from crop insurance @60%
If we were in full top up with gars it still would have been zero . Full crop insurance would have been a payout closer to $200,000.
We just seen it as we can not loose 1/3 of our net income these days with no coverage because 2 other crops kept our head afloat . Again even if we topped up from gars - we would have got zero .
One can not just keep your head afloat any more.
Unless you have far better financial background, ie big money coming in from outside every day farm revenues , ie inherited money or oil money that loosing 1/3 of your gross revenue is not an issue.

Not sure if that makes any sense but that's what our experience was .
Every farm will / may be different.

[gustgd]

http://agrisksolutions.ca/news/global-ag-approved-by-aafc-as-security-for-ccga-advance-payment-program

[Klause]

This pretty much validates ag risk.


Also like the professionalism and insurance based on numbers. Not "auditing" fields every summer (the joys of being a new producer) and bins in fall. Too much to do to waste time



Probably will keep canola in crop insurance and maybe peas as they are our higher risk / return crops

[Richard5]

Personally, I have a really big problem with taking an advance on an insurance program whether its crop insurance, Gars etc.

I guess for those that have had big time losses for a few years in a row it may be your only option. To me the risk is far to great to risk a $400,000 advance which often be a 4000 acre farms profit for the year.

I guess if it works out, the farm shouldn't have to rely on it as much or at all the next year

[iceman]

How do yous like gars now ??

Judging by the Social media rants this spring I would fade that trade

Iceman Out

[Guest]

Seriously ,anyone happy with it? Anyone feel they got shafted ?

[biglentil]

I heard that the cutoff date on GARS is May 31. Geeze wish I would of known that. That's like calling "No more bets" just before the ball drops.