Crop insurance

[Guest]

whats everyone doing ?
dropping our coverage from 80 -70%will knock 10% off our $ guarantee but save us 38% off our premium
looks like we gotta go to 70%?
deadline end of day tomorrow

[Sheepwheat]

Leaving it at 80%,

adding forage maybe, but my supposed hay coverage would be far less than I produced even last year.

Maybe insure hay against hail?

[blackpowder]

The last time I tried to save money on CI, it cost me a payout of $7 for every dollar I saved.
If you can't afford the big hit, pay the little one every year. Just me.

[iceman]

What’s actually going on with Just solutions and Gars? Anyone know the actual story?

Iceman out

[Landdownunder]

Really get lost with insurance that you guys talk. Fire or hail here. Nothing else sink or swim.you have a crap drought year drink cement and harden the fook up you have three in a row tough titties.

Guess Australia borders on uninsurable.

Common thought here multi peril insurance pushes value of land up.

Been tried twice. Gars I think tried maybe 10 12 years ago massive pay outs never seen again.

[Sodbuster]

80% across the board, with inputs this high we will need the extra coverage and after last year don’t want to take a chance on another drought year.

[sawfly1]

Drought ain't over yet at least here it's not
Old guy said with all this wind this spring , it will be drier than last year.
Not that he has been right a lot.
My theory is that the south east has been wetter, most of the winter,catching 3 times the storms we have. But storms will all come thru here may and June.
So nothing to worry about , but I am still taking 80% .

[Guest]

We bumped from 70% CAP to 80% CAP. Coverage is pretty good yet (non-inclusion of 2021) and discount still 50%. Just inputs basically are double, conditions lean towards dry and not confident about rain prospect. Price choice with CAP is just base, premium will be about $9./ac and coverage avg about $450./ac

[Grahamp]

We bumped from 70% CAP to 80% CAP. Coverage is pretty good yet (non-inclusion of 2021) and discount still 50%. Just inputs basically are double, conditions lean towards dry and not confident about rain prospect. Price choice with CAP is just base, premium will be about $9./ac and coverage avg about $450./ac

We’re using Cap for the first time this year as well, 70% premium gets us 80% coverage. Saves us a ton on the premium without giving up much on the coverage. The canola savings are over $10 an acre.

[Guest]

Cap ? What’s that?