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NEIN | I am correct. You are right if he had a bushel loss and HPO he would receive the lost bushels times the fall price, but that is not the same as raising his guarantee for the revenue part of the policy. Maybe I am not saying it right but if his fall yield is at or above his guaranteed level, no matter what the fall price he has no additional revenue guaranteed. I just talked to my agent and then to an adjuster and I am correct. The revenue guarantee cannot go up under any policy. A bushel loss could be worth more though, as you state. All the revenue products work as "puts", there is no way for them to work as calls and puts at the same time because the companies liability would be impossible to figure. | |
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Crop Insurance Question - Is this simple math right?
