WAYNE0224 - 3/21/2024 07:38
clicker - 3/21/2024 00:55
WAYNE0224 -
Waiting around for your neighbors to implode isn't a good business plan, while you're waiting you should read up on how crop insurance works[/QUOTE. 1st off watching how others operate is very much part of the game...watching them skirt the line financially is exactly how you learn to beat them. If a operation is reckless with the way they do business, then they deserve to end up bankrupt. Biding against stupid ppl is certainly not a game I choose to play. Now, i the difference between genius and stupid, is a fine line.... I bet a lot of guys were smart enough to not bid against Mike Stamp.... The insurance gig is garbage anyway, if I need to use them to keep my business solvent, it's a failed business. Enterprise units are not available to me, due to too few of acres, in too close of an area...which double..yes DOUBLES my cost per acre....it pretty much makes me have to go cut someone's throat on a piece of ground, to " average " out my costs.....
so if you got outside your home section and rented ground you could cut your insurance premium in half and bid that much more into getting the next farm to rent. Now you're figuring this thing out, but I'm sure you don't want to give up that savings to the landlord like others would. But I'm wondering why you buy insurance to begin with. Doesn't sound like you have too high of an opinion of the whole program.
1st off watching how others operate is very much part of the game...watching them skirt the line financially is exactly how you learn to beat them.
but you are still saying you haven't learned to beat them as they have all the ground, while you're still watching them trying to figure out how to beat them
I haven't engaged in the fight. I've learned to be happy with what I have, learn how to extract the absolute most I can from that, and build enough capital for when the opportunity is presented, to make the next move. But I will not engage in business practices that put me in a pos to rely on the government to bail me out of a bad year. Do I use insurance ,sure, It's protection. Is it ethical to give the bto a better rate on the same thing....no. it's like me having no crashes on my driving record for 28 years, but charging me a higher premium than the guy with a fleet of vehicles and multiple crashes in a 10 year span. I can accept defeat if I'm out worked, out marketed, or outsmarted....I can only blame myself for that. But to have the "special pricing" or the government picking winners and losers, is a hard pill to swallow. I hope this is helpful to the OP, or anyone who has felt this way. Farming is a tough game to play.
Frustrated
