Drought Insurance

[Caustic Burno]

Drought insurance is now available to ranchers east of I-35 in Texas.
Have to sign up before Sept 30.

 

[dun]

Drought insurance is now available to ranchers east of I-35 in Texas.
Have to sign up before Sept 30.

Isn;t that a bit like locking the barn door after the horse has been stolen?

 

[tsmaxx47]

Drought insurance is now available to ranchers east of I-35 in Texas.
Have to sign up before Sept 30.

Isn;t that a bit like locking the barn door after the horse has been stolen?

yeah, how does that work?

 

[Caustic Burno]

Drought insurance is now available to ranchers east of I-35 in Texas.
Have to sign up before Sept 30.

Isn;t that a bit like locking the barn door after the horse has been stolen?

Policy would take effect Jan 1 for next year. The east side of the state has never been eligable for the program before.
Cost around 3.00 dollars an acre you can insure all or part.

 

[Caustic Burno]

Drought insurance is now available to ranchers east of I-35 in Texas.
Have to sign up before Sept 30.

Isn;t that a bit like locking the barn door after the horse has been stolen?

yeah, how does that work?

State is divided into 12 mile grid's by NOAA you buy insurance for two month intervals.
It pays on the amout below normal 90% on a pro rated basis. If you are at 50% rainfall for April/May it pays 50% of benifit.
You can insure part or all of the year, coverage for a whole year runs about 3 dollars an acre and pays out 48 bucks and acre. That sure would help offset shipping cost on hay. This is the way I am reading it, still studying the info.

 

[highgrit]

Must be backed buy tax payers money. I can't see any ligitimate business making money gambling on or against mother nature.

 

[Caustic Burno]

Must be backed buy tax payers money. I can't see any ligitimate business making money gambling on or against mother nature.

It is a USDA program.
It has never been offered on the east side of the state before.
Being we have been in a drought cycle since about 99 and they are predicting another 10 to 15 years of this cycle, thought it might be worth looking into.
Still reading the material from the A&M workshop pasture is 3 dollars an acre hayfield is 25.

 

[1982vett]

Must be backed buy tax payers money. I can't see any ligitimate business making money gambling on or against mother nature.

It is a USDA program.
It has never been offered on the east side of the state before.
Being we have been in a drought cycle since about 99 and they are predicting another 10 to 15 years of this cycle, thought it might be worth looking into.
Still reading the material from the A&M workshop pasture is 3 dollars an acre hayfield is 25.

Problem I see is one 3 inch rain in a 60 day timeframe (like it was raining from 2006 - 2010) would be enough to negate a claim.... and then how the grid is drawn (I'd be cut into 4 grids) and how official rainfall is recorded (rarely get what the official rainfall says). But must say, I think this year I could have collected had I been eligable to buy and had bought. Even $3 an acre might be hard to recoup over the long haul...

 

[Caustic Burno]

Must be backed buy tax payers money. I can't see any ligitimate business making money gambling on or against mother nature.

It is a USDA program.
It has never been offered on the east side of the state before.
Being we have been in a drought cycle since about 99 and they are predicting another 10 to 15 years of this cycle, thought it might be worth looking into.
Still reading the material from the A&M workshop pasture is 3 dollars an acre hayfield is 25.

Problem I see is one 3 inch rain in a 60 day timeframe (like it was raining from 2006 - 2010) would be enough to negate a claim.... and then how the grid is drawn (I'd be cut into 4 grids) and how official rainfall is recorded (rarely get what the official rainfall says). But must say, I think this year I could have collected had I been eligable to buy and had bought. Even $3 an acre might be hard to recoup over the long haul...

Your right one grid might be in and one out.
The thing that caught my ear was it wasn't all in or out you could insure one acre or 10,000.
I don't know enough yet to make an informed decision as I am still investigating.
I know I insure everything else so I have been rolling the dice on that as well.
I got an 02 F-250 that has had a premium paid for every six months and never had a claim on it.
Now saying that I will get run over by a log truck this morning on the way to church.
Vette I don't know if it is good bad or indifferent, what I spend on Skoal a month would insure 20 acres.

 

[1982vett]

Vette I don't know if it is good bad or indifferent, what I spend on Skoal a month would insure 20 acres.

Oh I think it's definitly worth a look.....based on what I remember from reading about it a few years ago it didn't seem to promising to ever have to pay off.......may be different now as the rain has nearly stopped coming at all....but I don't see the need to forego the Skoal in order to buy rain insurance.....unless it would insure the ability to buy more Skoal.... :lol:


Ahhh....the simple pleasures of life....

 

[TexasBred]

Must be backed buy tax payers money. I can't see any ligitimate business making money gambling on or against mother nature.

Row crop farmers have been buying crop insurance for ages. Same thing.

 

[Caustic Burno]

Vette I don't know if it is good bad or indifferent, what I spend on Skoal a month would insure 20 acres.

Oh I think it's definitly worth a look.....based on what I remember from reading about it a few years ago it didn't seem to promising to ever have to pay off.......may be different now as the rain has nearly stopped coming at all....but I don't see the need to forego the Skoal in order to buy rain insurance.....unless it would insure the ability to buy more Skoal.... :lol:


Ahhh....the simple pleasures of life....

Don't worry I aint quiting Skoal did one time after three days wife went and bought me a roll.