Devils Advocate out of my depth most likely

**farmaholic** · Mar 17, 2018, 20:40

With all due respect mallee....I really don't think our crop insurance or BMR(business risk management) programs are that lucrative. They are supposed to be insurance, not "profitable".

Is this auction over and if it is what happened?

http://www.eldersrealestate.com.au/rural/buy/property-cropping-sa-karoonda-707777

**malleefarmer** · Mar 17, 2018, 20:54

Yeah said i was out of my depth farma but here in aust they want it be the saviour of low rainfall high risk farming areas, i disagree with the principle.

Yep the farm made $400 per acre owner wants more so presume discussions followed. As i said it was in a state of decay except homestead

**GDR** · Mar 17, 2018, 20:59

Originally posted by farmaholic View Post

With all due respect mallee....I really don't think our crop insurance or BMR(business risk management) programs are that lucrative. They are supposed to be insurance, not "profitable".

Farma, have to disagree with you a bit here. AgriInvest is free money, Agristability sucks and we are not in it anymore but I know a few guys that are not diversified that have got some good dollars out of it. Insurance may be different in Saskatchewan but last year was the first year in probably 10 that I didn't get more back than my premiums (all hail related).

Bottom line is if the money is there I'm gonna take it, but if it wasn't there farmers would not take on the amount of risk they have done including high rents and land prices.

You are right it's supposed to be insurance not farm support but I think its a bit if a grey area.

**Retired** · Mar 17, 2018, 21:20

GDR you are 100% correct there is as much money made from ins as production,all kinds of ways to collect plus as you say the risk factor is greatly reduced. BTOs couldnt survive without it.

**farmaholic** · Mar 17, 2018, 21:20

GDR, agree with the AgInvest "freebee"....but in reality it is kinda chump-change in the grand scheme of things.

Hail isn't a yearly event in one of the townships I farm in, and it was more common in the north end of the other one I have land in. The rates were always reasonable in one and have come down in the other.....my premiums are a donation to the pool for those who need to collect.....not brave enough to not cover my ass for hail though.

Crop insurance on the other hand.....I'm bare assed!!! Did an analysis this winter. It doesn't look good for us....big premiums and crappy guarantees. Over the last ten years seldom did we grow less than the area average, let alone 80,70,60 or 50% and no premium discount, ouch at 80%.. Maybe 3 times, 2 crop types(durum and canola) in the last ten years we "maybe" would have collected.

And then there's the useless "Ag Stab Me In The Back" "pogrom".

*enter wiseguy, lol*

**farmaholic** · Mar 17, 2018, 21:23

Retired, maybe some people are more successful farming the programs than the land. Some of it is likely a shell game of abuse of the programs. Only one "entity", makes up, or is on this farm!

**Retired** · Mar 17, 2018, 21:30

Farma I didnt say all abuse programs but there are sure a lot that do and with numbers you can do a lot.

**farmaholic** · Mar 17, 2018, 22:04

I wonder what some farmers tell the crop insurance agents when everyone else in the area grew a crop except them(again and again), or just about every year one of the three entities that is farmed together(but "seperate") is in some sort of a claim position.

**helmsdale** · Mar 17, 2018, 22:16

The only way AFSC crop insurance can make sense for me is if they choose to be santa clause as they have in the past. Some guys made more money in the poor years by wrapping up the crop with no cost to insurance payout, when AFSC was writing off 15+ bu/ac crops from road. When you can swing 2.5T of green feed an acre at $100/T and get full crop insurance payout, it's a payer.

Devils Advocate out of my depth most likely