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Iowa | I clicked on his link then there was a video you can watch, and essentially those who are starting out have to find someone who can set up the captive and you setup a corporation to put it. Then from the video there was people telling their story and they would buy regular crop insurance but at a lower rate like 70 and then put what they would of paid in premium from that 70 to 85 or whatever they chose into their captive and basically live off of the original 70 from the regular insurance till they built up enough to basically self insure out of their captive insurance. To me it sounds like something for a younger farmer to think about but otherwise it might be more than its worth. | |
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Captive Insurance
