Sask crop insurance isnt insurance. It's a tax.

[farmaholic]

Farma ! You mentioned the establishment benefit rule ! Did sask crop insurance screw you in the past ??

We've only ever been in crop insursnce twice (I think!) and so long ago I can't remember when...once was when "GRIP" was brought in! So no I didn't bring up the crop establishment issue but I did comment on it in a thread where someone else mentioned it....was that you?

Is AgStab definitely dropping the allowable expense calculation as a reference for a payment trigger? (Versus 70% of the Olympic average of the previous five years' margins?)

[Klause]

Imagine picking the coverage you want, choosing from 22 different companies and either selecting multi peril or named peril crop insurance.



All at lower cost than GARS or SCIC...

[farmaholic]

Imagine picking the coverage you want, choosing from 22 different companies and either selecting multi peril or named peril crop insurance.



All at lower cost than GARS or SCIC...

.......go on......

[Rareearth]

And on

[farmaholic]

http://www.saskcropinsurance.com/agristability/ http://www.saskcropinsurance.com/agristability/

WISEGUY IS RIGHT, THEY DROPPED THE ELIGIBLE EXPENSE MARGIN LIMIT CALCULATION USED TO TRIGGER PROGRAM BENEFITS. (or should I say prevent triggering a payment!!!!!)

THIS IS A POSITIVE MOVE, THANKS FOR THE HEADS UP WISEGUY.

Edit......, if it wasn't for the average eligible expense margin limit used to trigger a payment instead of 70% of the Olympic average of the previous 5 years margin calculation I would have been in a claim position of over $54K in the 2014 program year because of some real healthy reference margins in the precious five years. 😠

[Klause]

.......go on......

The Argentina system...

[farmaholic]

Any system is better than sask crop insurance !

sask crop insurance can pretend all they want there only there to take your premium of 20 an acre !

Don't be fooled by their advertised increased coverage levels !

They 've Increased the price to increase the coverage level to increase the premium !

Thanks a billion !

Regarding Crop Insurance, not everyone is as disadvantaged as me and face those high canola premiums at 80% coverage.

Tomorrow we have an appointment. I think I might have my mind made up already. Ag Stab is better than it was and some "self insurance" is probably enough of a cushion for now. This is the first year we took a good hard look at it in almost for ever.

Does anyone in crop insurance buy big hail coverage too? Crop Ins. is farm averaging(per crop type)where hail Ins. is field specific

[farming101]

Dropped hail insurance years ago. Low hail area. We put up a new shed or bins whenever we have enough saved up. Might buy some if it happens a bunch of canola fields line up east-west but our land is more north south oriented so that helps

Buy crop insurance coverage level based on soil moisture reserves. Might bump canola to 80 this year.

[farmaholic]

What's your hail rates 101, 2.4 & 4.0% full coverage here in the Ghetto. Less if you(can) apply a 10 or 25% straight or disappearing deductible.

Our slum is more north south oriented too.

[farming101]

I really don't even know. Checked one company online and it said 2.5% for wheat, 3.25% for canola and 5% for peas

[farmaholic]

........forgot, yes those were base rates for 1X crops. 1.3X canola. 2X peas.

[helmsdale]

Got my proposal... If you buy hail insurance in my area (6-7%) for peas, red lentils, or durum, its not all that much extra at least at 70% coverage to get crop insurance with the hail rider. In the case of peas, $160 of hail insurance would cost $14.42, but $160 of crop insurance + the hail rider is $14.14. Figure that one out.

I've never taken the program, so have only area averages to go on. Some of the numbers are brutal. CWSP wheat at 80% covers you for a whopping $98!

Long story short as far as I'm concerned, for all the crops except durum, premiums are high as a % of coverage. And for cereals the best I can do is insure a loss