Market facilitation payments program

[Richard5]

And Ag stability works even worse if you have cattle to diversify your farm.I quit a couple years ago.

I am not a mixed farm but when people describe exactly what you are saying I can't help but think with a mixed farm if one side fails and the other is profitable then you are in a better position because of being diversified.

My best example I can think of is buying 2 lottery tickets. One wins and we want insurance to compensate us when the other doesn't.

One's individual margin should be reflect both enterprises and be in a better position assuming both industries have been profitable

[Crestliner]

Bank every year what you would pay crop insurance premiums and in 10 years you will be surprised how you can insure yourself. How many farms ever have a total wipe out? I have been farming 30 crops and had 3 wipe outs....1989 drought, 2002 drought, 2010 drowned out. In 30 years have saved $2,000,000 million in premiums. If your are disciplined and diligently save the premium every year you can take care of yourself.

A young farmer just getting going....yep crop insurance is a good backstop because you may need the help as no saving no equity etc. But save and Bank the premium each year and like I said you will be insuring yourself before you know it.

There is nothing wrong with SCIC or GARS if you can afford it and makes sense for your operation.

[blackpowder]

On the other hand.
Over a similar number of years.
My payouts equal what I've paid in premium. Bushel loss, hail, price, wildlife, grade loss etc.
I agree if you can do it, self insure.
Gars etc will be gone.
Trick is, I guess, is to get to the point you have a years worth of inputs saved up in cash.
It's a breakeven, but in any one of those years could you have withstood a bad loss. In the first 10?