All our petty arguments.....

[farmaholic]

It goes to credibility. Both if them attacked my comments calling me a mouth piece and calling me out that I do some farm politics on my own dime. So ya it does matter what you farm sometimes

With all due respect, I know some farmers who farmed only 2500 acres, alone, that worked harder than someone who farmed 10000 acres supporting three related families and a crew of hired men.

I'm not as big an asshole as I make out here and I bet you aren't either.
But I am definitely not committee or board material, lack tact and diplomacy.

[vvalk]

With all due respect, I know some farmers who farmed only 2500 acres, alone, that worked harder than someone who farmed 10000 acres supporting three related families and a crew of hired men.

I'm not as big an asshole as I make out here and I bet you aren't either.
But I am definitely not committee or board material, lack tact and diplomacy.

Spin it anyway you want. I made a comment about hail and they called me out that I didn’t know what I was taking about, did I have any experience and wondering if I even lost a crop or that I’m an industry rep and don’t even farm. Just like in real life people ask you what you do to get an indication to your credibility. When it come to experiencing different scenarios size does matter whether you like it or not.

[AlbertaFarmer5]

Sorry to bring this back onto topic...

vvalk, are you talking straight hail insurance? I don't see how one could expect to make money off that in the long run. In Alberta it isn't subsidized, and neither are any of the third parties offering it. There are considerable administration costs coming out of your premiums, and profits in the case of the private companies.

My multiplier is between 9 and 11, so nothing cheap about it, especially when the max payout is still well under half what a crop is worth.
I get using it as a risk management tool, if you can't afford the loss, or to reduce the stress, but to use it expecting it to have a long term positive return on investment is just not a viable business plan.

I took a drive tonight, about 8 miles south of me the hail was so thick on the road it was nearly impassible. Almost makes me want to buy hail insurance, until I see the price tag again...

[furrowtickler]

Spin it anyway you want. I made a comment about hail and they called me out that I didn’t know what I was taking about, did I have any experience and wondering if I even lost a crop or that I’m an industry rep and don’t even farm. Just like in real life people ask you what you do to get an indication to your credibility. When it come to experiencing different scenarios size does matter whether you like it or not.

Take the chip off you shoulder , most of those comments weren’t about you lol.
The mouthpiece part well , you just nailed it . You seem pretty special though , big farmer that always comes out ahead ... awesome 👏...

[bucket]

Dumb question .....Can you insure land for hail that you are not farming? If there wasn't an issue as long as the premium were paid but you would have to be watching others fields for hail...

If you can.... it sounds like it could be a moneymaker....

[farmaholic]

Dumb question .....Can you insure land for hail that you are not farming? If there wasn't an issue as long as the premium were paid but you would have to be watching others fields for hail...

If you can.... it sounds like it could be a moneymaker....

That's enough sarcasm out of you today.

But just so you know I heard the Canada Pension Plan Investment Fund buys hail insurance on crops.....since it's a sure thing when it comes to ROI!

[bucket]

That's enough sarcasm out of you today.

But just so you know I heard the Canada Pension Plan Investment Fund buys hail insurance on crops.....since it's a sure thing when it comes to ROI!

Well it was an honest question but if you want to call it sarcastic...fair enough...

I think I once ended up with a quarter on an insurance form that didn't seem right , I think if memory serves me I had the wrong range or township....went to correct it and the guy said it doesn't matter because the premium was paid but I changed it to my land.... I could have left it but I wouldn't have been watching for hail on that quarter...good for the hail company....

And for the CPP to be buying hail insurance ...I guess if they made their premium back plus 15 percent on hail it would be a good investment....although would 15 percent be enough to cover the cost of someone watching all that land or are you just talking the land the CPP owns????

[Oliver88]

Dumb question .....Can you insure land for hail that you are not farming? If there wasn't an issue as long as the premium were paid but you would have to be watching others fields for hail...

If you can.... it sounds like it could be a moneymaker....

For Municipal and Coop you can insure it still if you are the landlord.

[vvalk]

That's enough sarcasm out of you today.

But just so you know I heard the Canada Pension Plan Investment Fund buys hail insurance on crops.....since it's a sure thing when it comes to ROI!

Maybe I’ll explain this a little more slowly for the know it all coffee shop farmers on here.
First of all in Alberta you can take hail endorsement which is subsidized the same as regular crop insurance. So there’s your first $3-400. Then through companies like agdirect you can top up in my area at 3-4.5% ( remember I said that this doesn’t work if you have very high hail premiums) with canola adding another 1.5x. If your so inclined you can take the 10% deductible which takes a further 25-30 ish % off your premium. Guess what, you can put this on up to midnight the night before. So when it’s wet and your crop is getting better and better and there are lots of storms in your area you can top up another $50 or $100 or maybe $200. Now you have $5-600 an acre coverage. So when you get hail you get a nice big cheque and mostly say they give you 50% damage on your canola yet you still combine 30 bus or more. Or when you get to 90% you get 100% yet you seem to combine 20 bus ( in a cereal crop) or whatever. Take the time to drive with the adjuster around in the side by side no matter how long it takes.

[bucket]

Maybe I’ll explain this a little more slowly for the know it all coffee shop farmers on here.
First of all in Alberta you can take hail endorsement which is subsidized the same as regular crop insurance. So there’s your first $3-400. Then through companies like agdirect you can top up in my area at 3-4.5% ( remember I said that this doesn’t work if you have very high hail premiums) with canola adding another 1.5x. If your so inclined you can take the 10% deductible which takes a further 25-30 ish % off your premium. Guess what, you can put this on up to midnight the night before. So when it’s wet and your crop is getting better and better and there are lots of storms in your area you can top up another $50 or $100 or maybe $200. Now you have $5-600 an acre coverage. So when you get hail you get a nice big cheque and mostly say they give you 50% damage on your canola yet you still combine 30 bus or more. Or when you get to 90% you get 100% yet you seem to combine 20 bus ( in a cereal crop) or whatever. Take the time to drive with the adjuster around in the side by side no matter how long it takes.

And people wonder why hail adjusters are Richards after reading the above.....100 percent means you shouldn't be combining anything....

[vvalk]

And people wonder why hail adjusters are Richards after reading the above.....100 percent means you shouldn't be combining anything....

Really? Hard to believe you farm. It’s call hangers. Once the crop is knocked down especially a heavy thick crop they have to call it a loss even though you can sc**** it up. In canola once it’s starts poding they have to adjust it they can’t defer it. Its impossible to adjust any crop properly at the 30-70% damage and I find they always over adjust a little bit. You do have to sign off on the adjustment remember.

[bucket]

Really? Hard to believe you farm. It’s call hangers. Once the crop is knocked down especially a heavy thick crop they have to call it a loss even though you can sc**** it up. In canola once it’s starts poding they have to adjust it they can’t defer it. Its impossible to adjust any crop properly at the 30-70% damage and I find they always over adjust a little bit. You do have to sign off on the adjustment remember.

I don't know why I get into these threads ...I haven't bought hail insurance for a very long time....Last time was on canola and they wanted to defer the claim to see if it came back....that just pissed me off...


sorry for interrupting...

[vvalk]

And people wonder why hail adjusters are Richards after reading the above.....100 percent means you shouldn't be combining anything....

Or when you leave strips in the field because the adjuster Donets get there for 3 or 4 weeks and the wind comes up and blows them to there nothing left with ripe barley or canola Now your 50% loss is 80% and who’s fault is it they didn’t come for that long. Not mine

[vvalk]

I don't know why I get into these threads ...I haven't bought hail insurance for a very long time....Last time was on canola and they wanted to defer the claim to see if it came back....that just pissed me off...


sorry for interrupting...

Exactly my point. Don’t be a smart ass about shit you don’t know about

[furrowtickler]

Really? Hard to believe you farm. It’s call hangers. Once the crop is knocked down especially a heavy thick crop they have to call it a loss even though you can sc**** it up. In canola once it’s starts poding they have to adjust it they can’t defer it. Its impossible to adjust any crop properly at the 30-70% damage and I find they always over adjust a little bit. You do have to sign off on the adjustment remember.

So you never been wiped out to the stubble ? There are no hangers at all from the picture posted at the start of this thread. It’s been mowed to nothing ... that was the point of starting this thread.
We have been there , not fun . But easy adjusting. But all depends how much hail insurance one has or could afford . Some areas have had poor crops the past three years from drought remember. Not everyone have big crops and oil wells every year .