| trackman - 6/6/2010 21:28
hello CRC payment!!
This has to be the DUMBEST post ever. Corn goes from well over $4.00 for this 2010 crop and could go down to $2.60 or lower and you are happy you will get a CRC payment? All the CRC indemnity payment does is bring you back to the higher of the spring or fall guarentee, so as an example if my aph is 160 and the spring price was $3.99, corn to $2.60 for the fall harvest price (CBOT), and then if I harvest 180 BPA my indemnity is a whopping $75 before premium cost.
I wont be happy about a $75 per acre indemnity but I will be happy with higher yields and the fact that 100% of my crop is protected on on the downside with sales and put options as well as getting fall basis locked in.
Heck of a lot more to increase revenue than just sit back and watch the wreck and then collect on insurance. Keep thinking that way though it make the rest of us look smart.
Edited by 84TURBOGN 6/7/2010 11:15
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2.60 corn and 7.20 beans
