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[QUOTE="The Yakk, post: 4981439, member: 9988"]
DB played a hunch and got lucky, but he should not be doing that routinely.

Although one could argue that DB did this with some inside knowledge on how good UConn would be this year, and it was a smart bet. I'm willing to give him credit for that.

There is a huge global business in crop insurance.  Covers farmers for stuff like hail damage, but also for lower-than-expected yields due to stuff like drought or excessive heat or moisture.

The yield coverage is a loser for the insurers in most countries.  The reason is that farmers are so good at predicting the growing conditions, they can game the insurers by only buying the coverage in years when they are likely to have a claim.  The only places the insurers make a profit are countries where the government subsidizes the insurance premiums--like US or Canada.

With the subsidy, most farmers buy the coverage every year and the insurers can analyze the business properly.  Without the subsidy, the product is basically a nice source of opportunistic profit for the farmers.

Hopefully DB is just a smart farmer, and doesn't waste UConn's money on this every year.
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