Ag Star 35 wheat is a disaster in some areas. Not really a barn burner. Its ok but nothing to see here.
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Friday Crop Report on a Thursday!
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Seed inspector coming Monday, then I will start combining on Wednesday. Normal here is mid Sept for grains. I doubt anything is seed quality.
Grain bins I ordered in the spring going up this weekend, but will sit empty, maybe next year will be better. I figured bin pricing won’t get any cheaper so may as well commit.
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Originally posted by chuckChuck View PostKevin Hursh Quote August 5th, Western Producer:
"Crop Insurance is going to be the first line of defense. This may sound insensitive, but producers not enrolled in crop insurance have no one to blame except themselves. The same is true for Agristability. The program has many flaws, but this is the magnitude of disaster where the program will kick in for many producers facing a serious income shortfall"
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Originally posted by chuckChuck View PostKevin Hursh Quote August 5th, Western Producer:
"Crop Insurance is going to be the first line of defense. This may sound insensitive, but producers not enrolled in crop insurance have no one to blame except themselves. The same is true for Agristability. The program has many flaws, but this is the magnitude of disaster where the program will kick in for many producers facing a serious income shortfall"
I agree with most of the above statement.. SCIC will never make you rich but it should cover your variable costs. Agristability is terribly flawed but it did work for our farm when we had a wet disaster in 2016. Do I enjoy paying the premiums for either programs? No but they do help me sleep at night and get to the next year.
There are also other private insurance options, hopefully they have the $$ to back this seasons payouts, that I think more people should of looked at. If you knew your moisture reserve was low and had read some summer forecasts this spring (drew was calling for dry summer) I'd have been booking a phone call with GARS. These farms are big businesses and if they can't cashflow itself during high(er) risk periods then additional insurance is needed so that a guy can try again another year.
Not trying to be insensitive to any producers suffering, but I don't enjoy paying $70k+ a year on SCIC, or hail insurance or agristability anymore than the next guy. I do it because it makes business sense.
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