Grand Rapids, MI | yoohoo - 7/23/2009 12:20
It seems to me that it is more or less a revenue protection if the price goes WAY down.
I agree that it is revenue protection, but I don't think the prices have to go WAY down. Consider this:
If corn yields stay at the average, then the price would have to drop greater than 10% from its two year average of $4.13 to get an ACRE payment. So with average yields, if the price drops below $3.71 and ACRE payment would be earned. I guess it depends on your definition of WAY, but if $3.71 is WAY down, then it looks like current prices are WAY WAY down ;-) |
Well....I signed up for ACRE today
