global ag risk solutions

[Guest]

I know this has been discussed previously , but am just interested to know how this insurance plan is working out ,now that its been around for a while ? Are farmers happy with it ? Staying in ? Getting out ? I am interested in this product and would appreciate any feedback.

[Richard5]

You still are only able to insure 100 over you gross margin. As I see it, for most, it still doesn't make a lot is sense

[bgmb]

Way too expensive for what you get. The only reason you would need this is if you are highly leveraged and if you are that leveraged then you probably cant afford the extra expense in your operation. I personally think you are crazy to pay for this when we have crop ins and agristability that basically do the same thing.

[freewheat]

Plus you had better fit their idea of a "good farmer". If you have had tough luck, you are not a good enough farmer.

I am sure Wigmore would have fit their good farmer ideal. Are they on the creditor list?

You have to have had a track record of good weather fortune in other words to even think about applying. I went to their website and their description of services immediately disqualified me and many.

[hobbyfrmr]

Do they use the term " progressive" farmer anywhere on the website? That automatically disqualifies my farm

[freewheat]

lol. I forget the wording, but I do think it was something along those lines. Going to take a look again.

[seabass]

We were in it one year and paid a big premium to someone who got a helluva holiday at my expense. I think its the same as agristability in the aspect that u can apply or pay to see if u will get something and in the end never get a dime.

[Richard5]

You also need very good accrual financial statements and good financial history or your premium is very high.

I agree with the one post about last resort to take this insurance.

Kinda like those that are using input capital financing. If you have to turn to that, that means your banking options are not closed.

May as we'll send the whole line to Ritchie bros.

[farmaholic]

Hobby;

Progressive doesn't mean profitable in my dictionary.

[hobbyfrmr]

Farmaholic

Agreed. You may want to read the thread about the letter to creditors for one of the most progressive farms in western Canada.
By choosing the organic model, I am usually regarded as "regressive"..... I'm cool wth that.