| swmnfarmer - 9/23/2014 14:00
let me see if I have this right so if my APH is 200 and I have 85% coverage and Im expecting a 200 bu crop. 200APH * 85% * 4.62 = 785.40 Then 785.40 / 200 = 3.92 where crop ins kicks in Then 3.92 - 3.25 (todays close) = .67 Then .67 * 170 = 113.9 payment per acre Is this right and would the 80% level be a 70.40 payment. I just used these figures because the figure I always here around here is 200 bu proven yields
200 bu APH
85% Cov
200 * 85% = 170 bu guarantee
170 bu * 4.62 = $785.40
Let's say fall price is set at today's close, which we know that isn't how it works, but for sake of the example..$3.25
785.40 / 3.25 = 241 bu per acre - if you are below that, you have a revenue claim
Let's say you harvest 200 bu an acre at 3.25
200 * 3.25 = $650 an acre in revenue
785.40 (spring guarantee) - 650.00 (based off production and fall set price) = 135.40 an acre payment |
RE: Revenue Fall Pricing Protection
