The head of sales for the Farmer Business Network says it’s very important for farmers to know their break-even point when making crop insurance decisions.
T.J. Wilson says farmers should make sure to include all the costs of production they can when making the calculation.
“Be very conservative on the expense side of things and estimate high. Using your 10-year APH is going to be something that’s going to be very conservative on the yield side to be able to get that good price-per-bushel that you need to cover all your costs.”
He says this could be a year when farmers pay themselves.
