Brazil Crop Insurance - 2
Alastair Stewart South America Correspondent
Thu Dec 12, 2013 06:42 AM CST

SAO PAULO, Brazil (DTN) -- Antonio Galvan has never insured his soybean crop.

Much like most of his fellow Brazilian farmers in Mato Grosso, he doesn't think it's worth it.

"We are lucky that we don't have droughts up here. Insuring yields at the premiums offered is just throwing money away," he said from his 6,000-acre farm in Sinop, northern Mato Grosso.

"People only get insurance when the banks make it a condition of credit," he said.

However, if you offered to insure his revenues at a decent premium he would rip the policy right out of your hand.

For, ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
Brazil Invests in Ag - 3
Brazil Invests in Ag - 2
Brazil Invests in Ag - 1
DTN Brazil Invests in Ag - 1
DTN South America Calling Blog
Conab Ups Brazil Corn, Wheat
Conab Ups Brazil Corn, Wheat View