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Crop Insurance Question - Is this simple math right?
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Illinoisfan
Posted 9/1/2010 23:08 (#1342834)
Subject: Crop Insurance Question - Is this simple math right?



Example:

APH: 200 bpa
3.99 spring price
85% coverage

200x3.99x.85 = $678.30 guarantee

If the fall price ends at $4.50, does my coverage go to...

200x.85x4.50 = $765 ?

So if (and I say if) our enterprised yield comes in at 160 bpa, we would get the difference of
$765 and 160x4.5 (which is $720) = $45 per acre

Anything wrong with this math?
Thanks
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