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Crop Insurance Question - Is this simple math right?
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Posted 9/7/2010 00:11 (#1349626 - in reply to #1347025)
Subject: RE: Crop Insurance Question - Is this simple math right?


nc ks
KFFarm - 9/4/2010 22:40

I'm not going to disagree with you because I know where you are coming from. I just want to caution your terminology. The liability on the policy never increases no matter what. However, when the fall price is higher than the spring price the CRC/RAHPO policy works like an APH policy. Yield guarantee is based on APH times percent coverage. The bushels short of the guarantee are paid at the fall price.

I may be splitting hairs here, I've just learned that when working claims one has to be VERY careful with terminology.



Being careful with terminology and being wrong are two totally different things.
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