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

[farmaholic]

Why didn't someone bring up that Unseeded Acreage and it's premium wasn't an option! I learned that today.

WISEGUY, now that's a tax.

[GOODRUM]

so what is their stand on the canola on canola rotation?

[helmsdale]

Investors who rent it out sure like canola on canola

[Oliver88]

Why didn't someone bring up that Unseeded Acreage and it's premium wasn't an option! I learned that today.

WISEGUY, now that's a tax.

With all the snow and cold weather now it’s likely a good thing to have anyways.

[Oliver88]

Don't be fooled with the unseeded acreage premium and claims !

sask crop insurance don't pay !

Thousands and thousands of acres and producers denied coverage from the flood years !

Interesting.
Do you know what excuses Crop Insurance gave farmers for not covering them in flood years?

[Hopalong]

Some justification for policy on wet acres.
Own farm has areas that were unseeded last ten years.
Were seeded most years in 1930s and 80s.
Hit and miss for more normal years.

[farmaholic]

Large green lentil premium, 80% coverage, base price(only 28 cents/lb) 0% premium discount = $36.20/a.c.

$24.99 for 70%

Our farm is not flood prone and the Unseeded Acreage coverage with it's 5% acreage deductible means on a 155 acre field, 7.75 acres would have to flood before we could collect on the next flooded acre on that field.....for us that "rider" needs to be optional.

Our analysis has shown our yeilds usually come in near or at 100+% of area averages......
Flax 1.31X
Peas 1.27X
Yellow Mustard 1.36X
Small Green Lentils 1.24X

The canola and wheat are only marginally higher, 1.01X and 1.04X respectively.

There has been the ODD single crop wreck....one crop type in the rotation in any given year.

Even last year's poorer yield results wouldn't have put us in claim position......or barely anything worth talking about.

[sumdumguy]

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. 😠

The Olympic Margin is immacurate because it throws out your highest and lowest year. Actual margins should be used to be totally fair.

[farmaholic]

Isn't the reference margin only 70% of the Olympic average going forward like it used to be. Still better than the eligible expenses margin trigger. Lookin on the bright side.

[farmaholic]

LOL.... it's only my money I'm trying to insure against losing.... not the banks!

Maybe one day I'll be forced to think of it a different way.

With AgStab changes, that is enough for me.

We've lived without it for almost ever.

Still wouldn't mind being in it under different program circumstances.....I guess I got to "buy" my way in and make donations for nearly ten years.

And how would that be anything but fair when compared to those who been in it for the long haul.

[farmaholic]

It's not wise to insure the banks money !

In more than a short sentence, why the hate on for SCIC?