Ken Ripley

There were changes to this premium support increases that were done.

There were changes to some of these area plans that really make them even more attractive than they have been in the past.

I've been telling in other meetings around my region that, hey, this crop insurance is the only area, if you see the same coverage,

Only thing that is going to be lower cost for you in 25 than any of your inputs.

You're wrong.

My bad.

My bad.

26.

26 versus 25 is going to be cheaper.

26 versus 25 will be lower cost.

let's say you're buying in Iowa, let's say you're buying a 85% enterprise unit corn policy, it will be lower cost in 26 versus 25 with 3% increases in the premium support on just the base policy.

If you're adding the ECO or the enhanced coverage options, those are going down 15%.

So there's a 15% increase in the premium support on those policies.

The one big beautiful bill.

It was all part of that act that came out in July that was signed on July 4th.

That's where we saw our increases in our premium support.

So it's very significant.

Yes, it is.

I like to use the word premium support because in this industry, unfortunately, we get a bad rep that we're taking all these subsidies, but we're still paying premium.

It's not like we're getting these products for free and helping support farmers to be able to produce crops that we can all benefit from.