Verified FBN Member (WI)

How much multi peril ins?

I raise mainly corn and beans. I run only a couple hundred tillable acres. Farm will be paid for in 3 years and don't have much debt load on machinery. Im trying to figure out what is the best bang for the buck on insurance I currently do 70% on beans and 65% on corn (multi peril) . My land is in east central Wi. and is very fertile silt loam soil. It drains well and holds moisture well. Biggest issue i had in the last couple years is wind, but not enough to file a claim. What coverages are you doing and should I change my coverage

Verified FBN Member (MI)

No debt nor operating loans and no crop insurance. Over the years have saved enough on insurance to more than offset any potential losses.

Verified FBN Member (WI)

I do have operating loan which I pay off every year and once farm is paid for i will not need a operating loan.

Verified FBN Member (SD)

I switched to enterprise multi peril on the crops that are planted on multiple sections instead of covering each section separately. It reduced my premiums enough to where I could increase my coverage to 75% and still pay less in overall premium.

Corn and beans mostly, I usually only grow 1) 1/4 of wheat and 1) 1/4 of oats so they have to stay regular coverage.

Enterprise covers an average across all sections of the crop, so you have less potential of a claim.

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