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USA | CRS is offering Revenue Boost buy up ins this year that can increase coverage by 10-15%. Plus the ability to switch to PLC from ARC @ FSA and buy SCO with RP is going to insure a good year no matter the outcome.
This is an example what can be done without breaking the bank and insuring a profitable year.
211 bu APH
211 x 85% x $4 = $717.50 acre = $20.89 acre
211 x 90% x$4 = $759.60 acre with 80% RP + 10% Rev Boost + 6% SCO program = $28 acre
85% RP = $20.89 acre cost + 5% Rev Boost= $6.16 acre cost= Total cost $27.05 acre
Can buy 1 % SCO with 85% RP = $.85 acre cost for coverage of $8.18 acre
$27.05 + $.95 = $28 acre cost for RP, Rev Boost, and SCO
80% RP = $10.97 acre + 10% Rev Boost = $12.60 acre cost = Total Cost $23.57 acre
Can buy 6% SCO with 80% RP= $4.43 acre cost for coverage of $49.06 acre
$23.57 + $4.43 = $28 acre cost for RP, Rev Boost, and SCO.
80% RP + 10% Rev Boost = free SCO.
Have the possibility to get A PLC payment and collect from RP, SCO, and Rev Boost INS if things turn ugly.
$759 acre insured gross gross- $28 acre ins cost - $200 acre for seed, chem, fert, fungicide , Dextrose and foo foo juice = $539 acre to cover everything else.
As long as get corn gets planted by June 5. About only way to not have a profitable year is to quit breathing with what is available to protect a person's bottom line.
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