Posted 2/15/2017 00:44 (#5840626 - in reply to #5840431) Subject: RE: Beginning to feel a lot like 2012......
IL
GrainTrader - 2/14/2017 18:41
in reality, guys with the right insurance that year made even more than the guys raising unpriced 230 bu corn...
Pretty sure thats not true. Had 85% with HPO here and yes it was a great year money wise but not even close to what 230 @ $8 would have been. $8x230=$1840 an acre. Using a 230 APH and 85% with HPO is $283.50 less than 230x8 not to mention the hit on yield history(yes I know you can exclude your worst yield now but if you had 230 that year could have thrown out your next lowest).
Thats assuming a 230 APH. Not many(maybe none without irrigation) had a 230 APH in 2012 before they added the "trend adjust" and "yield exclusion" options.
Take the APH down to 200 which would be more accurate in 2012 and compare that to a yield of 230 and the crop insurance payout gets beat by the 230 bpa corn by over $500 an acre.
Beginning to feel a lot like 2012......
