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
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Super Food Silage has never gone out of fashion in Bath County, Kentucky, even when the lure of $6- to $8-pe...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet Some tips on fly control.
Related News Stories
DTN South America Calling Blog
Brazil Soy Prices Slide
Brazil Could See Record Harvest
Brazil Invests in Ag - 3
Brazil Invests in Ag - 2
Brazil Invests in Ag - 1
DTN Brazil Invests in Ag - 1