20 Miles West of Indianapolis Indiana | Hey JP,
HRO might be an outdated term... Harvest Revenue Option. It's the add on that allows you the Honer of the two prices between spring and fall to determine how much you get paid out on a revenue loss.
In 2012 it was the difference between a good payment and a great payment here
It is used to save a guys rear end if he contracts grain ahead of time and CBOT climbs due to drought and he doesn't have enough grain to cover his contracts.
Edited by GrainTrader 2/4/2016 18:03
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Crop Insurance
