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nc ks | you need to check the facts on CRC and RA with HPO. You are in fact mis-leading him.
Edit: you are actually somewhat correct in your statement about him having to have a yield below his guarantee to have a loss if the harvest price is more than the beginning price. However, once the loss is triggered, he gets paid for each bushel at the higher price. So effectively if his yield is zero, his revenue guarantee becomes his bushel guarantee multiplied by the harvest price. His revenue guarantee just went up didn't it? If he only is 5 bu. under his guarantee he gets the harvest price on those bushels and he had the opportunity to sell the bushels he produced at that price also, theoretically.
Edited by kb ag 9/2/2010 23:30
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Crop Insurance Question - Is this simple math right?
