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| Dropping the fall price option could be a killer with a combination of higher prices and a production loss. Just ask the guys who were without the harvest price option in 2012. Without the harvest price option, the higher price eats into your indemnity payment. In that scenario, YP would pay much better.
As for price flex - my opinion is sell crop if the market rallies in June/July. Most guys have plenty of old and new crop left to price. That being said, I know for a fact that there was a ton of this product sold this year. It's easy to sell hope. Maybe more so to farmers. | |
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Crop Insurance, Price Flex
