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| You are insuring revenue, not bushels, which is a major point to remember. Also, since the spring and fall price are based on the board, there is basis to consider. Your local production and national production could trend in opposite directions. There are people on here that understand crop insurance much better than me. I just muddle through. I think buying a call option you are back to gambling on a price rise. I have attached a spreadsheet that may help. Blue cells are input cells. This is pulled originally from a larger sheet that had more farms and soybeans.
Edit: Error! Original spreadsheet only used spring price for guarantee. If fall price is higher, the revenue guarantee is higher as well. New spreadsheets correct this.
Edited by H3f 4/11/2025 07:33
 (Screenshot from 2025-04-10 16-04-48 (full).png)
Attachments
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 Screenshot from 2025-04-10 16-04-48 (full).png (62KB - 32 downloads)
CropIns Example.ods (31KB - 19 downloads)
CropIns Example.xls (12KB - 19 downloads)
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Understanding RP Covered Bushels Correctly
