Ryan Benes

@Qshizzle97 I’m in Central Iowa. Some courses will be open tomorrow.

I think I still have some AgX in my algorithm. How far south do I have to go to find an open golf course? Nebraska, Iowa open yet? Or would I have to go farther south? East? West? TIA

@sschevelle33 Now you are getting it! Subsidy creates the value. Just buy it and you create value Buy and leverage in a marketing plan and you create value again.

So for 5 cents a bu I’m looking at it as getting 10 cent break on an option today and I also get the yield protection, but only if it’s a local catastrophe.

I did some more scenarios with SCO and ECO probabilities for my county. Based on probability it is much more a price protection tool than yield protection for my situation.

@AndEb56476820 @sschevelle33 No doubt.

@HawkeyeRy @sschevelle33 Are they a good value if corn is a dollar higher this fall?

I have been running my crop insurance numbers and I’m not as enthused with SCO and ECO as other people have been. They are somewhat inexpensive, but when I look at past years and I live in a fairly stable yield county the probability of a payment is not very high.

@sschevelle33 Government pays for 80% of premium ( ECO/SCO) or you pay for 100% of premium (Hail/Wind). You can market around ECO/SCO. No doing that with Hail/Wind. No issues with spending money on Hail and Wind, but those are supplementary not primary.

I’m actually more inclined to do a hail/wind policy. Seems like a better spend. But maybe get SCO and just treat it like a lottery ticket.

@iafarmer7 Me included. Take advantage when prices are above break-even. That’s the only for sure winner.

There's one thing I learned today about the grain markets. Nobody knows a damn thing about what they're going to do next.

@KellyGarrett75 Consider it done.

This was a great purchase. After creed, Jansen, and I arrive in Dallas it appears we need another bottle. Please send more for our return trip

Thank you @HawkeyeRy

@KellyGarrett75 You are welcome - mostly replacing what I consumed the last time 😂 When Kyle says buckle up I interpret as “bottoms up”.

@naumandusty @richmarketguy @naucountry I would be guessing, but I would say .20 on Corn. Closely correlated with the price. Higher prices = Higher Vol.

@richmarketguy @naucountry What is the average volatility for the last ten years? I’m curious how far below average we will be this year.

Crop insurance soybean avg got to $11.00 yesterday and corn avg got to $4.60 today. @naucountry

@dutchoranje Hey - I know those guys!

Like watching USA curling😂

@Iowacrops Nope - not sure how he’s surviving with the changes to the county programs.

@HawkeyeRy Sounds like William Rose stuff

Ran into a new insurance option that allows farmers to get 100%! liability with no offset to ECO. Game changer when coverage is often falling short of costs. Shoot me a message if interested.

@diamondD4210 You are right. Probably underestimate Cotton and Wheat acres moving to Corn.

@HawkeyeRy If the gins back off on cotton however many acres that ends up being could go heavily corn

Ins. average for SBs nearly 50c better than ‘25 and Corn is 10c less. After a year w/ 98M acres of Corn, folks are projecting we see 96M+ acres of Corn again? Not a market expert but rotations, budgets, and Ins. prices say different. Even Sup. Court ruling didn’t seem to hurt.

@steffensenry25 I don’t disagree with you. I also probably underestimate acres moving to Corn from Cotton and Wheat. Just seems like there are at least some market factors pointing in a different direction.

@HawkeyeRy Soybeans cashflows still suck. .50 on 60 bu is $30/acre…that only leaves very little meat on the bone after local processors get done jabing on basis. Corn is and will be king again

@SamRiegs Combination of subsidized and unsubsidized products. Shoot me a message if you want more details.

@HawkeyeRy How exactly would that work?

@geary_12 Might be your settings?

@HawkeyeRy Can’t shoot you message

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.

Lots of folks watched @JrodCreed and I talk on Insurance and Title 1 programs and I want to reiterate something Jarod said. Enhancements to these programs mean downturns in price don’t necessarily mean negative revenues. This is true - until it isn’t. When commodity prices improve enough, the programs are less relevant and price and revenue become positively correlated again. This is exactly what is happening with 2025 and 2026 Soybeans right now. Could the programs still pay? Yes. But the ball is in the farmer’s court on SBs. Price drops from here won’t be recouped through program payments - especially 2025.