Currently the Oct. average of the CZ13 contract is at $4.40. Divide that by the $5.65 spring price and you get the price part of insurance at 78%. This means that anyone that bought insurance at the 80% you will get a check if their bushels are less than 102% of their APH and at the 85% level they will collect if their bushels are below 107% of their APH.
Quick Crop Insurance Update for Corn
