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Crop insurance decisions begin with production costs in mind

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Crop insurance decisions begin with production costs in mind

Crop insurance experts encourage farmers to start with production costs when making risk management decisions for 2022.

Tom Timko of Compeer Financial says the numbers have changed a lot over the past year.

“We find that these production numbers are quite high, and keep in mind that many (farmers) are probably quite high before buying some of their inputs, but we. The cost is still quite high. (So) farmers need to do some math and see it. “

He tells Brownfield that most producers are considering 80-85 percent coverage based on their region and average production history.

“I will look at those costs, and of course the amount of compensation or debt I get with them, and I will look at some of the other subsidized products at higher levels.”

He states that the Enhanced Coverage Option is a crop insurance tool that provides additional area-based coverage for some of the underlying insurance deductions.

Timco What’s happening with the Compeer Financial Crop Insurance Podcast, Content partnership with Brownfield.



Crop insurance decisions begin with production costs in mind

https://brownfieldagnews.com/news/crop-insurance-decisions-begin-with-cost-of-production-in-mind/ Crop insurance decisions begin with production costs in mind

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