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| The $600.00 is not a production number it is a insurance number. By taking PP you get 60% of your 80% coverage that was set at $5.85 ish so on a 200 aph ground that 200 x. .80 =160 x 60% = 96 bpa at $5.85 = $561.60 per acre PP payment and your done vs planting 200 bpa at 80% = 160 bpa. With a min. Of $5.85 = $936.00 or a $365.00 advantage to plant. But now add in the current price 160.00 at $7.40 = $1,140 or roughly $600.00 per acre advantage.
Whether I grow the orn or not. | |
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Lotts_valley
