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Monticello IL | With a higher price in the fall the only way to have a loss is from lower production. Your guarntee is higher with a higher fall price, because the higher price is applied to all of your APH. So when someone loses 5 bu or all the bushels the new higher price is applied to those bushels(thus a higher guarntee)
The first post was correct in his math.
Easier way to look at it this year is to take the bushels lower then the APH times the fall price to determine the loss amount.
There is a 200% limit on the fall price movement so the insurance companies liabiltiy isn't unlimited.
I am an agent
Edited by seth47591 9/3/2010 07:45
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Crop Insurance Question - Is this simple math right?
