A lot of back-and-forth on MCO vs. waiting for ECO. Just remember If harvest prices come in higher, both projected prices go out the window.
I don’t think there’s a right or wrong answer, but MCO can take some risk off the table at higher price levels and average inputs, while having the option to add SCO in the spring.
Inputs also tend to follow higher prices and take longer to settle.
Hopefully your agent has compared how possible market moves (in grains/inputs) and yield outcomes affect MCO so you can make an educated decision. If not, I’d be happy to help.
America has its smallest cattle herd in 75 years, yet President Trump is waiving $500 million in tariffs to flood our market with foreign beef. That same money could pay American cattlemen $200 per head to retain 2.5 million heifers and rebuild our herd. Instead, we’re rewarding foreign beef and punishing American cattlemen.
Beginning Farmer/Rancher benefits within crop insurance plus government payments limitations, offer strong incentives for family operations to gradually transfer some acres to the next generation. Helping ease generational transitions while taking advantage of the these benefits.
Does your crop insurance agent keep you updated on key Ag developments? Like Title 1 program changes and how they interact with crop insurance. May not agree with them but need to use the tools we’ve been given.
Farmers - if you are having trouble with lenders you need to know about the revenue you may have coming to you in the next 10 months.
Bridge payments, ARC/PLC, Crop Insurance
Seeing instances of over $200/acre, but common to see $100/acre.