CRJ - 9/2/2010 18:18
Call your agent. You are being misled if you think rising prices raise your guarantee. Fall price option only helps you if there is a drop in the price. So to have a loss he either has to have a yield below his guaranteed bushels or the fall price times his actual yield has to be less than his revenue guarentee.
I am an agent. This is incorrect. The Harvest Price Option is exactly for a rise in prices. It is designed to pay the higher price so the farmer can use those $ to buy product to replace bushels they had contracted at a lower price.
Edited by lorenk 9/2/2010 22:36
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Crop Insurance Question - Is this simple math right?
