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Good news on insurance

September 26th, 2009 at 06:56 pm

Got good news yesterday. We had freeze damage on 40 acres of our wheat this year, so we had to turn it in to insurance. We had 65% coverage and the price they guaranteed was around $8.50.

They guarantee the 5 year yield average on that farm. The theory behind that is so a good farmer, that consistently gets 50-60 bushels per acre gets more than the poor farmer that consistently gets 5-10 bushels per acre.

We just took the ground over so we didn't have a 5 year average on it. But, they took the 5 year average on the ground instead. That was 17 bushels. One of our fields got 18, so we had to cut it, but the other field was only going to get 6, so we didn't cut that and got 65% of 11 (the difference of 17 and 6). We already got paid for that.

It turns out they messed up, and instead of using the 5 year average of the ground, they should have used the 5 year county average. That is 32 bushels! So, we should get
32 - county average
-17 - what we already got paid for
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* 00.65 - 65% coverage
* 08.50 - $8.50 per bushel
* 40.00 - 40 acres
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$3315 - TOTAL

That is my back of the envelope math (we didn't have exactly 40 acres, and the $8.50 is an approximation), but should be darn close. They said we should get that check sometime next week!

That is awesome.

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As for the house cleaning and meal planning, that went well last week. I decided to take the same approach as working up to running a 5k...slow and steady, and add a little more each week. So last week, I just concentrated on keeping the kitchen clean. I kept a sink full of soapy water to wash everything while I was cooking, washed dishes immediately after supper, washed the floor, and made sure that I made a container for lunch the next day as I was cleaning the table off. It went very well.

It was great to have the meal planned before I got home. I could then start supper when I got home and have it ready to cook as soon as DH got home...as a farmer he generally works til dark, but sometimes earlier, sometimes later. I just have to wait until either he calls me to tell me he is on the way home, or start cooking when he gets in the door.

I made meatloaf on Thursday, and instead of cooking all of it, I put half of it in a ziploc bag to freeze, so next time I want to cook meatloaf, I just have to defrost and bake. I froze some cut up onions, and I also froze some pre-cooked vegetable mix from the chicken and vegetables night. My freezer is getting full! I have another little freezer in the garage, and a big freezer as well. The little freezer is half full of meat, but we haven't used the big freezer yet. So, if I continue like this, I'll have a lot of choices to pick from, and plenty of room to put it.

I need to plan next week's menus. I'll put them on my side bar as soon as I do that.

So, now that I have a good handle on the kitchen, I'm going add on keeping the bathroom clean all next week. Then, the living room, then the bedroom, then the office, then the back room.

This may sound very rudimentary to most of you, but I have been teetering between not caring if the house is dirty and overwhelmed when I think about tackling the whole thing at once. So, I'll add one room per week, and after 5 more weeks, the whole house will be spic and span. Keeping it clean should be easier than getting it to that point, right?

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One of my banks, the one that has my bill paying account in it, is going to start charging $8 a month if your balance goes below $2000. Well, they aren't going to get $8 a month from me! I have another account that we left $30 in just to keep it open, but haven't used for about a year that doesn't charge anything, and of course has free bill pay, so that is going to be my new bill pay account.

I also will be done paying off my pickup after two more payments (bi-weekly) so at the end of next month, I'll own the pickup free and clear. After that happens, I want to change my "gas/food/other" account to a bank up here. (The current one is in Texas and also has the pickup loan.) I can't put DH on it unless we go down there to sign something to put him on the account, so it will be easier to get the pickup paid off, open a different account and close that one. Then, we can have a farm account, a bill paying account, and an "other" account. Currently, DH has had to pull "other" out of the bill paying account, and I want to get away from that. I want to find an account that has ATM reimbursement and is local.

First things first, though, and that is to get all the automatic bill paying things moved over to the idle account we already have, and get that done by Nov 1, since that is when the fees start.

7 Responses to “Good news on insurance”

  1. dmontngrey Says:
    1253988574

    Wow, quite a difference! Great news!

  2. LuxLiving Says:
    1253990207

    So, your good news is that you are going to get the difference from what was already paid and what SHOULD have been paid????

  3. cptacek Says:
    1253990323

    oops! I used the "left angle" bracket and it cut off the rest of the post!

  4. LuxLiving Says:
    1253996720

    I thought that was what you were saying! Smile
    Good job - keep them from getting your $8 - I would!

    And how great that's going to feel, getting that truck paid for!! Woooo!!! You are doing awesome!

  5. Jerry Says:
    1255128054

    What a relief to have that insurance against the inclement weather like that! Here's hoping things lead to a better harvest next year, at least... good luck.
    Jerry

  6. LuxLiving Says:
    1255891957

    You okay over there? You've been quiet this month!

  7. cptacek Says:
    1255975820

    Thanks for checking in on me, Lux!

    I'm here...I'm doing fine. Been over reading the forums lately, but haven't had time to write a blog post.

    Really, I had some bank moves I couldn't do until after the 14th and had to have done before the 24th, and in my mind, I couldn't do anything financial related (even blog about it) until I got those done. By the way, I'm crazy sometimes. Smile
    I'll try to blog tonight.

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