The following information is bonus material from Top Producer. It corresponds with the article "Get the Red Out" by Linda Smith in the March 2009 issue.
Crop Insurance options for 2009, presentation by Silveus Insurance Group during the 2009 Top Producer Seminar.
Left axis is Income; bottom is Price and right is Bushels. So the intersection of price (times) bushels gives you income, as crop insurance kicks in where applicable.
The first graph shows corn with no advance marketing and no crop insurance.
The second graph assumes an 85% CRC policy, along with 35% of corn production marketed at $4/bu. avg cash price.
Other specs include:
- Wood County, Ohio
- 155 bu aph
- Enterprise Unit discount, Biotech discount
- -10¢ basis
- $20 direct payment income
- $600 cost/acre (including rent)
The Crop Revenue Profiler was developed through a joint venture between The Andersons in-house crop insurance agency, AgVantage and Agro National Insurance company. The Profiler was designed in an effort to paint a total picture of risk for a farmers personal operation. With 211 intersecting points of possible net income per acre (yield x price possibilities), the Profiler can be manipulated to see the impact of grain marketing and crop insurance. It also allows for manual entry of things like Farm Program information (direct payments or LDP's), basis implications, and cost of production. Our account representatives are able to help provide a well rounded approach to risk management, and leveraging the benefits of crop insurance and grain marketing via the Crop Revenue Profiler is critical in that risk management effort.
For More Information