Show TIME TO CONSIDER SPRING WHEAT CROP INSURANCE its time for spring wheat producers to begin to think of their 1941 wheat crop and to consider tak insurance as a safeguard ing out crop against the many crop hazards which confront the farmer said J M palmer chairman of the county AAA committee today since the cost of all risk insurance is based on the loss cost history of the individual farm a wheat grower is paying for his insurance whether he gets it or not the difference is that with no insurance the grower has the shock of a crop failure all at once and usually when he is least prepared to stand the shock by taking out insurance the grower spreads the loss over several years mr palmer explained insurance wont reduce the amount of the loss but it does enable the farmer fanner to pay it off in annual installments instead of in one crop failure he added the main difference between the insured farmer and the farmer fanner who insure his crop is this the insured farmer will get his wheat back when he needs it most when his crop fails to produce 75 percent of his average yield the uninsured farmer may have to pay all his cost of failure in the form of poor yields during the one or two years in which his crop is badly damaged or wiped wip ed out and usually when crop failures come the prices are good and when crops are good thet the prices are not so good so since all risk insurance is paid forwith for with wheat reserves are held in wheat and indemnities are in in wheat the grower stands to gain from improved prices when his crop is poor enough to collect on his insurance su utah farmers in 1940 received in j indemnities about a bushel of wheat for each two bushels paid in as premiums but the year before they received in indemnities about twice as much as they paid in as premiums more than utah wheat growers have already ins insured their 1940 1941 crops however many of these policies are on winter wheat spring wheat growers will have until february 28 1941 in which to co insure their 1941 crops mr palmer said |