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Ripley, Ontario Canada | I have attached the 2013 rates for corn and beans. The yield is just the average of your last 10 years average yield. Township yield will be used for missing years until you have 10 yrs.
Corn Rates for payment on % of average yield
75% 80% 85% 90%
$7.84 $10.74 $14.43 $18.90
Soybean Rates for payment on % of average farm yield
75% 80% 85% 90%
$5.76 $7.58 $9.84 $12.60
Our program pays out if the farmer has an average yield for the year across all acres of a crop (and you have to ensure all acres, share crop is pro rated based on the farmers share) is less than the % selected of his long term average yield. The price the shortfall is paid on is based on major Ontario grain terminal posted prices in the few weeks around harvest.
Edited by John In Ontario 2/26/2014 15:50
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corn & bean insurance to drive canadian bean acres up?
