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Leesburg, Ohio | Yes, but having good crop insurance makes it far less risky to pay higher rent or purchase prices.
As I said above, high grain prices, low interest rates, and crop insurance, ALL contribute to higher land prices/rents.
Crop insurance sets a minimum income level per acre. without that guarantee, losses on high-priced cash rent can get much greater that with the insurance. So, most people would pay less cash rent or less purchase price without that crop insurance guarantee in place, because they would have more dollars at risk with no crop insurance. | |
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Adding additional crop insurance for this year?
