Custom Cutter Insurance - Questions - Page 2 - The Combine Forum
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post #11 of 19 (permalink) Old 12-05-2016, 10:51 PM
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What were you charging per acre, Just doing the math I would need to charge about $30 an acre to break even which is all i need to do. I don't quite need $60,000 just using a round number for on here. Would be a class 8 machine with a 40ft draper and 8 row corn head is what Im looking at jumping into. The $30 an acre doesn't seem so bad but I can't include fuel at that price so I may be priced a little high, not sure.
30$ ?? You will be broke and someone will be laughing!

Hahaha! Them days are long gone.

Better up the rate to at least 40!


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post #12 of 19 (permalink) Old 12-06-2016, 11:22 AM Thread Starter
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30$ ?? You will be broke and someone will be laughing!

Hahaha! Them days are long gone.

Better up the rate to at least 40!
That is $30 with out fuel and for my dad and a good friend. Just breaking even here. Ill make money in other ways.

Also for an update on insurance, I checked with my insurance company and they do offer a loss of income, he is going to check and make sure that would cover a year like we had in 2012 when there was no crop to harvest but it does cover down time with break downs. He will look into rates and get back with me, so such a thing does exist for anyone else wondering.


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post #13 of 19 (permalink) Old 01-30-2017, 09:21 AM
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50$ an acre for beans, 65$ an acer for corn, plus hauling on both. Then you will make money, but not get rich by no means.
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post #14 of 19 (permalink) Old 01-30-2017, 10:48 PM
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I have a 1 million dollar custom clause with my farm/ranch insurance . Fixing to add a breakdown insurance on certain equipment too . State Farm has taken good care of us for years .

The most dangerous liars are those who think they are telling the truth .............The naked truth is better than any best dressed lie .
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post #15 of 19 (permalink) Old 01-31-2017, 12:44 AM
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I have a 1 million dollar custom clause with my farm/ranch insurance . Fixing to add a breakdown insurance on certain equipment too . State Farm has taken good care of us for years .
Could you explain that a bit? Are you saying they guarantee $1 million in custom revenue? That's a hefly premium isn't it?

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post #16 of 19 (permalink) Old 01-31-2017, 07:29 PM
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Could you explain that a bit? Are you saying they guarantee $1 million in custom revenue? That's a hefly premium isn't it?
.........Sorry it is million liability for custom work .

The most dangerous liars are those who think they are telling the truth .............The naked truth is better than any best dressed lie .
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post #17 of 19 (permalink) Old 01-31-2017, 07:46 PM
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Go more than a million that don't buy **** these days
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post #18 of 19 (permalink) Old 01-31-2017, 08:24 PM
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It sounds to me like your medium term intentions are to increase your capital investment in your business to reduce your profitability. Are you sure you want to do this? Or is this a first stage to something with a greater potential that is reasonably achievable?
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post #19 of 19 (permalink) Old 02-01-2017, 05:20 AM
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.........Sorry it is million liability for custom work .
8 mil min here in oz 11 mil the norm must be your population makes insurance cheaper
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