Posted 1/27/2008 21:17 (#294711 - in reply to #294135) Subject: RE: Febrauray - D-day for crop insurance pricing
NE CO
I've got to agree with some of the other posters. The premium we all pay is directly related to the price of corn and anticipated coverage. If the price of corn is high, we pay higher premiums. Yes, the payout liability is higher, but the initial income for the insurance companies is higher as well. Higher volume = higher profits. The insurance companies will win in the end!
Febrauray - D-day for crop insurance pricing
