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SD/ND/FL | If you have an above average crop, the insurance put gets watered down in a hurry. Lets say your APH is 150, spring price is $6.25, and coverage level is 75%. If your actual yield is 170, you won't collect on your insurance unless the harvest price is below $3.86.
Also you, mention forward contracting at $6. Based on your posts, I'd bet that you aren't too excited about that price. I agree with your logic that next year should be a darn good year at today's prices. That's why I've sold 40% of my '13 corn already with an average price awfully close to today's Dec '13 price | |
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Lamborghini Land
