Global Ag Risk ?

[Richard5]

There are people who can independently show you how it works and how it could fit your farm. There is another type of company offering something similar however different called Just Solutions.

I was fortunate enough to be at a presentation in Saskatoon in December where all three companies did presentations on their products (#3 was crop insurance)

Not convinced yet that Gars or Just solutions will be better than Crop Insurance/AgriStability and a good balance sheet for my operation.

[farmaholic]

I understand why people are looking to have their asses covered instead of exposed to the cold north wind of misfortune. But insurance is just that, insurance, and not meant to be profitable. Even the illustrious Ag-Stab(me in the back Ritz) is basically whole farm.

How many people are using Ag-Invest proceeds to help cashflow their farm(having a hard time keeping a straight face after typing that) or is it a small pool of accumulated money to "help" bail you out of a tight situation?

[SASKFARMER]

Crop insurance works if I get a shitty hailed out barley crop they don't basket my canola and wheat and peas and pay me shit all for 100000 premium.

Insurance is insurance.

Would you insure every home on your block with yours. No.

So why throw all your crops into a insurance.

Also ritz useless Agra stability is just that useless shit.

Ag invest works.

[Guest]

crop ins sure was a life saver here this year . when you have a real disaster like here was this year it helps. I am more worried down the road if we get 3 years of this shit . at least it only baskets each crop type and even separated IP canola from regular canola . our ip canola was a write off . we grow about 10 different crops so that helps . I agree Ag stability is a complete waste of time (got out years ago) and sounds like gars is as well

[jamesb]

The better accountants and forward thinking bankers are looking very hard at Gars/ just solutions. I'm like most, the deal sounds ok but I need evidence that it pays out. I expect that if it is going to be viable long term it will have to evolve into something that is truly better than the traditional crop insurance and ag stability. The jury is still out for sure.

[bgmb]

in mb you would have to be smoking dope to pick gars over crop ins

[farmaholic]

Also, anyone who is still in Ag Instability think they'll get a "token" payment out of that gutted piece of shit "pogrom"(it sure isn't there to ensure our existence but help exterminate some more of us).

Like putting a band-aid on a severed limb.

There was a time when the reference margins were healthy (for some of us) and the potential payment based on them would have been meaningful. But now the payments based on 70% (?) the lower of either the reference margin or eligible expenses makes it almost impossible to collect even a meager payout. And I would bet the payout would be based on the eligible expenses because if your average reference margin is lower than average eligible expenses you probably aren't farming anymore anyway. What a cluster****. Province and Feds are broke anyway....lucky for them they made the changes because of the huge potential liability facing them.

[furrowtickler]

If GARs would have separate crop coverage it would be a good program .
It would be worth paying a few extra bucks for that and drop everything else.

[Klause]

Crop insurance...

You get hailed on and have a claim then they wanna now audit the ship out of you with forms full of typos and wanting to know your weed and disease pressure by the end of march.


Adjustors that are into summer fallow.

Half your canola crop is under snow and you don't qualify for a payout because... the other half yielded enough.


Try being a new young darker having to use the shitty area yields and the full premium with no experience discount.

[vvalk]

Crop insurance...

You get hailed on and have a claim then they wanna now audit the ship out of you with forms full of typos and wanting to know your weed and disease pressure by the end of march.


Adjustors that are into summer fallow.

Half your canola crop is under snow and you don't qualify for a payout because... the other half yielded enough.


Try being a new young darker having to use the shitty area yields and the full premium with no experience discount.

Klause. Just wondering what the solution is. Technically you still have the crop. Will you pay it back when you combine the rest and it yields enough so that you won't be in a claim? Ask yourself if you owned global ag risk what would you do when you have farmers trying to screw you over every chance that get.