global ag risk solutions

[hobbyfrmr]

The reality is that I do not keep books well. That would disqualify me from that particular program and if I did the right math, opportunity cost of rent (what the neighbors are paying), depreciation, machinery replacement, pretty good chance I should not be farming either!

[mbratrud]

The only expenses they really care about are seed, Fert, Chem. If you have good records of that and your Gross revenue, they should be able to quote you. If your Revenue less seed,fert,chem Olympic averages over 200 per acre you should get an reasonable quote I think.

I have yet to use this program, but on my farm a grow 6 - 8 different crops, and I have found Crop insurance at 80% across the board, about the same cost. I have a better level of comfort knowing I have coverage if 1 crop does poor vs having to have the whole farm tank for coverage to kick. The program maybe has a better fit on a farm growing 2 or 3 crops that has poor crop insurance coverage.

I think it's worth the time and effort for each farm to explore and compare this type of insurance. Someday if they have better coverage and take in things like Fuel I may revisit.

[SASKFARMER3]

Im going to a meeting in Dec. Will see them. We grow 5 to 6 crops and all land is very close together. Hail and crop ins seem to work some what.

[mbratrud]

The only expenses they really care about are seed, Fert, Chem. If you have good records of that and your Gross revenue, they should be able to quote you. If your Revenue less seed,fert,chem Olympic averages over 200 per acre you should get an reasonable quote I think.

I have yet to use this program, but on my farm a grow 6 - 8 different crops, and I have found Crop insurance at 80% across the board, about the same cost. I have a better level of comfort knowing I have coverage if 1 crop does poor vs having to have the whole farm tank for coverage to kick. The program maybe has a better fit on a farm growing 2 or 3 crops that has poor crop insurance coverage.

I think it's worth the time and effort for each farm to explore and compare this type of insurance. Someday if they have better coverage and take in things like Fuel I may revisit.

[gustgd]

We've been involved for three years now. Happy with program. Never been in a situation where we've had to collect. Hope I never will be.

Mbratrud is right about seed fert and chem.

If you don't have those expenses as an organic farmer Hobby probably not the program for you.

You can pick any margin between 0 and $100
There's a sweet spot at $75

On our farm we don't use crop insurance other than 50% on durum that also got us some unseed acres money this year.

Although all our durum had fusarium this year with the yield we had it was still NO claim. CI is a YEILD insurance NOT a margin insurance different products

Fully invested in Agri-invest for the top up, and Agri-stability for all the good it does.


They can provide a pretty good quote based on your Agristability paperwork but like at the bank if you have better financials and can prove you are less of a risk, you get better rates. If you show up at either with the shoe box expect to pay more.

Well time to pick up the kids at dance. Will reply to more later

[gustgd]

GARS is a program that encourages agronomy as a way to mitigate risk. Encourages fungicide spraying and proper plant nutrition. You will get your money back for inputs plus margin to help pay for fixed expenses.
It will be little help if you overpay for land or shiny paint but that's not the point of insurance.

Also thing like hedging losses are covered if your in a claim position.

Let's say you sold $7 number 2 durum. Was right at time. Grew sample on acct of fus and spread is $5. GARS covers the spread as lost rev.

If opportunity exists to contract $10 number 1 durum GARS let's u. What grade do u contract otherwise if at all?

Not a bad deal for less than $10/acre

[Hopperbin]

Oh ya all for ten bucks an acre. You cannot even purchase hail ins for that so wtf. Make sense man.

[Hopperbin]

What are you getting for ten bucks?

[Hopperbin]

What are you getting for ten bucks?

[gustgd]

Hopper what are you saying? That's it's more.


I don't have the numbers in front of me but that's what it was. Maybe $11.00
It's all dependant on your financials.

BTW we don't do hail insurance either. Long term on our farm it's been a cost. EVERYTIME Ive gone driving around with hail adjusters. I'm dissatisfied. The people that tell me they're hoping for "the big white combine" baffle me. We've never been ones to skimp on inputs. To over insure based on random weather is a poor business model.

But again like in every situation, every farm is different, has different risk tolerances, starting bank balances, asset mixes. What makes perfect sense to me, may not be applicable to you.

Yesterday at machinery dealership a guy was telling me he's worried about not being able to pay his chemical bill. I don't have that worry.