The average income of a crop insurance agent is $6000 monthly. This translates to a salary of over $72000 per year.
A farmer is not paid a salary. He is an independent businessman and his income depends on producing a crop or livestock. A small farm may produce a profit under $50,000 in an average year and a large one could have profits in the millions of dollars. Even a very small farmer will have half a million dollars or more invested in land and machinery. He pays the property taxes, maintenance, fuel costs (this season, it cost $300 each day for diesel fuel for the combine to cut a wheat crop in western Kansas), seed, fertilizer, his own liability insurance, crop insurance, etc. Then he works sunup to sundown and beyond and prays for rain when the crop is planted and dry weather when it is time to harvest. If the prices are high, he probably has a poor crop. When he produces a good crop, so do all the other farmers, so the prices are low.
When you sell that crop or grow it to sell
It could be grown, picked, and sold. After the cotton gin was invented the production of cotton grew and England the main buyer of southern cotton.
Weather forecast is specially important in Crop Insurance, where a drought or flood can drain out huge fund from the Insurance Company's corpus.Getting in before hand, help them to set their strategy accordingly. In India, the Al Nino effect on Moonsoon, has already put the Insurers into great anxiety,apart from the farmers, or Agricultural Ministry.
That's what she said
Insurance for the crops beneficial for the farmers
Burton Pflueger has written: 'The economic impact of crop insurance on wheat producing counties in South Dakota' -- subject(s): Crop insurance, Economic aspects of Crop insurance
Vijay Kalavakonda has written: 'Crop insurance in Karnataka' -- subject(s): Crop insurance
Nilabja Ghosh has written: 'Impact of crop insurance on agricultural productivity' -- subject(s): Agricultural insurance, Crop insurance
Marijuana was primary invented for a crop. This crop is now grown throughout the states.
The average income of a crop insurance agent is $6000 monthly. This translates to a salary of over $72000 per year.
Jerry R. Skees has written: 'The political economy of a crop insurance experiment' -- subject(s): Crop insurance
in the 2001's
crop rotation
The Federal Crop Insurance Corporation managed by this department sells insurance to protect against problems with weather insects and disease is agriculture.
The Romans used crop rotation.