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  #31  
Old 08-07-2015, 07:46 AM
yoteblaster yoteblaster is offline
 
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Quote:
Originally Posted by sakogreywolf View Post
Crop insurance records your yields from years past, and from that your averages are calculated. Depending on how much insurance you purchase, you are guaranteed a percentage of your "average yield".

If you purchase 50% coverage (minimum insurance), you are insured to be covered for 50% of your average yield. You can purchase up to a maximum of 80% coverage, which would insure you for up to 80% of your crop insurance average. Of course 80% coverage costs considerably more than 50% coverage.
This is correct. Nothing to do with carryover. Out of the last 5 years of crop, the lowest and highest yields are dropped. The remaining 3 give you your average yield The average is yield continually changing
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  #32  
Old 08-07-2015, 08:16 AM
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super7mag super7mag is offline
 
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Originally Posted by yoteblaster View Post
This is correct. Nothing to do with carryover. Out of the last 5 years of crop, the lowest and highest yields are dropped. The remaining 3 give you your average yield The average is yield continually changing
If carry over is not involved why do they come out and measure bins 2-3 times a year? Your carry over gas to be accounted for or it goes directly against your claim.
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  #33  
Old 08-07-2015, 08:55 AM
macee macee is offline
 
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Carry over should not be counted if you file your Report Grains in Storage forms before you start harvesting or no later then Aug 31. This is a note on my AFAC info sheet that just got in mail "Note:carryover production and purchased inventory which is not reported may be counted as current years production and may reduce or eliminate a claim" as for the bin measurements I only get measured if I have a claim and that they only have done once not 2or 3 in a year
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