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ERP 2022 Calculation
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jb50
Posted 11/9/2023 11:50 (#10475128)
Subject: ERP 2022 Calculation


I signed up this morning and have a question on how they calculated the payment. Not sure they gave me the right answer. Could you clarify how they came up with your Payment Factor. Reading the literature it looks like that would be based off your crop insurance level but that's not what they told me. Here's a pic of the end of the calculation report. I think they should have used the factors in the table I'm attaching. They said the .75 payment factor they applied is applied to every claim. At 75% insurance coverage I had, shouldn't the factor be .925? Or am I wrong? My office has just started these and admits they don't understand the calculations completely. If anyone can let me know how they calculated yours that would be much appreciated












(IMG_20231109_120551720_HDR~4 (full).jpg)



(IMG_20231109_122517499~2 (full).jpg)



Attachments
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Attachments IMG_20231109_120551720_HDR~4 (full).jpg (82KB - 201 downloads)
Attachments IMG_20231109_122517499~2 (full).jpg (76KB - 202 downloads)
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