Crop insurance denying wet acres

[the big wheel]

Agent. You're the whiner you haven't got it figured out yet. So your mad I do. I was you a few years ago.
Am I saying it right? Hell no it's all criminal and I mean that in a factual way. People with outside money are taking over everyone. The gov wants it that way.
With crop insurance as shitty as it is sooner or later you get the shitty weather and boom you're done. Especially mult year. Brads friends are waiting, I m waiting until it catches me too hopefully I pick the right time to get out.

So quit your whining and go big, do something to change the people controlling this mess, or go the fk home.

[macdon02]

If you needed outside money to keep going, chances are there's a reason. The early ones with outside $ are dropping like flies here

[the big wheel]

The idea that there is a boom in agriculture is such a myth.

Agent I take back the line about go the fk home. Because if you really had that situation as you say. Then you are where I was. You do have to decide to either do something to help make it better big picture while surviving your own dilemma.
Or just go with the flow hope like hell you get one hell of s break weather wise etc.

Good luck if you are in that jam!

[the big wheel]

So half the acres I picked up yesterday still ha e crop on them. Owner has until april 31 to get it off.
Don t look like it's gonna happen so this too wet deal. The 5% deductible is for what exactly? For you guys that have more experience why is there a 5% deductible the lady at insurance mumbled and stumbled to answer but basically they say normally you don't seed 5% of your acres on a field. Really?? So let me get this straight you have a seeding intensity that if you normally didn't seed 5% of your field that drops acres off then you apply another 5% deductible to that intensity???
Is that how it really works?? Who negotiates these things for farmers???

[ajl]

If you normally seed 160 acres on a quarter and this year you seed only 120 and claim 40 too wet to seed, you get paid on 32 acres after the 5% deductible. Seeding intensity is one to watch out for. If you ever have summer fallow for any reason in the past they multiply total acres by the seeding intensity factor then deduct 5% to determine the too wet acres. So if you have too wet acres last year that resulted in seeding only 85% of intended you now have a seeding intensity factor to apply as you don t normally seed all you acres every year.

[the big wheel]

So what you are saying is you get punished this year if you had too wet last year also? Even though you are buying insurance for this.

So if I smashed my car up last year for 1,000 damage and do it again this year they would take the 1,000 smashed up value and not pay me that 1,000 this year plus deductible???

If that happened every sgi office would
Be destroyed wouldn't they. Lol.
Farmers are so stupid.

[the big wheel]

I could see if you just decided to not seed for any other reason that those acres may be deducted. But if wet was the reason and you insured both years then what acres lost to wet last year should have ZERO to do with this year.

[bucket]

I think I heard wet acre claims will go against your experience discount as well.....

[farmaholic]

Not in it wiseguy......here in the slum of the Ghetto our expectations are extremely low! Shit guarantees and high premiums for new insurers keep us out. They should have at least ten years of accurate accrual Agri-stab-me-in-the-back applications that they should be able to develope individual coverage for us.....and the fact that we probably wouldn't have ever collected much(except for maybe 2014 comm-salvage durum) some sort of premium discount.

Yup...self insure if you can afford the risk. I might be singing a different tune had I been in it for twenty years with a decent individual yields and premium discounts.

Do what you have to.

Quit deleting your posts wiseguy....you're making me look insane(I don't need any help in that department) responding to deleted posts. I should have used the reply button to capture it in my response.

[farmaholic]

Even in the really wet years we never lost too much of our cultivated acres. I bet no more than ten percent and only for one year. I thought I heard Crap Insurance complaining about guys trying to insure acres and acres covered in cattails or that they wouldn't insure those acres if they weren't reclaimed(somehow made into seedable condition) the fall before.

the big wheel...re your example, they will insure the repaired value of the vehicle but the rates sure as hell would go up because of the claim....insurance isn't free and they have to mitigate their risk selling you insurance like you're mitigating risk buying insurance. Actuarials job. Probably not always fair.