This is Lonnie Sewell with this week’s crop insurance update brought to you by the Sewell Agency and ASI Crop Hail Insurance.
Hot and dry that’s the forecast. It is very difficult to watch a great crop turn into a fair crop and soon a poor crop. Looks like a lot of double crop soybeans won’t be harvested.
The revenue crop insurance policies like RA & CRC implemented a few years ago really shined this year, with the wheat harvest price coming in at over $6 per bushel. That added up to an additional $60 per acre on most wheat losses.
The spring price on corn is $4.06 and beans at $8.09. We have good protection against the declining prices we are getting now. If you have a loss this fall or had a loss because of the flood your loss will be paid based on the highest of the spring price or the harvest price.
Vie this information and others at Blog4020.blogspot.com.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment