Pulse: 15% of Farmers are Opting Out of Crop Coverage

March 27, 2018 01:46 PM
 
Nearly 900 farmers responded to the question: What level of insurance for your corn crop did you buy in 2018?

With spring planting already underway in the South, and Midwest farmers itching to roll their planters, Farm Journal Pulse wanted to see what level of insurance did farmers sign-up for to cover this year’s corn crop.

Nearly 900 farmers responded to the question: What level of insurance for your corn crop did you buy in 2018? 85% of those who responded to the unscientific survey say they will have some level of crop insurance. 15% said they opted out of coverage.  The highest percentage of respondents, 28%, is selecting 80% of crop protection.

 

FarmJournalPulse-032718

 

To participate in the Farm Journal Pulse, text the world PULSE to 31313.

Back to news


 

Comments

 
Spell Check

Bret
Hennessey, OK
3/27/2018 03:01 PM
 

  When the budget runs out ins gets cut obviously

 
 
flying farmer
NEBRASKA CITY, NE
3/29/2018 08:36 AM
 

  Insurance is a losing game. It is specifically designed for people unwilling to take financial risks because of poor financial planning on their part. It is designed to make sure you always pay more than you get out of it (long term). If one simply puts their "big boy pants" on and A: is willing to assume some risk B: saves the premium back into a separate account, you will be able to completely self insure in 10 years. Simple management of finances achieves the same thing that insurance does, except at the end, YOU have a pile of money instead of the insurance company. And yes, I do not carry insurance.

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close