Scic 2023

[Grahamp]

I am surprised the CAP is not getting any love. I’ve never collected more than my premium in 13 years so my experience discount is big, but on the other hand my yields are nothing special seems like we were flooded out about 10 of those years just above crop insurance.

Anyway with CAP I get 88% coverage for the 80% premium level. And that 8% is the very expensive coverage level. I like having a gross dollar number I know works before I put a seed in the ground. To be honest this is the first year I have been pleasantly surprised with both my coverage and premium levels.

[fjlip]

It sounds ridiculous to ever use CAP considering the chance of collecting will be a lot lower if all crops are averaged together.

But our Wheat, Barley CAP is stupid low, so depends on crop mix, either scenario is only $187 difference. CAP does raise coverage to 88%. If Drought or Flood on whole farm, works better.

[Guest]

$908 for $17.87 canola at 80% here
Rest too low

[BTO780]

Was told today our first experience discount has been taken away. Wow what a kick to the nuts.
Put the premiums through the roof then take the discount from us.
Was sent a letter couple months ago saying any bill over 100k will now need two signatures as a guarantors.
Couldn’t understand why, now I do.

Mr Maritt has some serious explaining to do.
Could be a revolt coming.
Absolute nonsense!!
Some program this is. Protect the farmers … haha line the pockets of these useless people in office.

[wrongway]

my truth
IP canola at %80 40.7 bu coverqge of 803.10/ac premium of 30.41/ac both cap or individual
hrsw @%80 44.6 bu/ac 454.13/ac 12.40

prremium easily double of last year but i did have a claim of 10x premium due to drought in 2021

[Guest]

Looked again , canola actually $786 ,at 80%, 41.8 bu, for $15.32 , cap would be $17.88
The higher one was on summerfallow ? Which we don’t do ?
Wheat is $441 , at $9.22 , 43.4 bu for $9.22 , cap would be $6.45