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Crc crop ins inplace ofPuts
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farmn4$
Posted 3/11/2008 06:27 (#331254 - in reply to #331199)
Subject: Re: Crc crop ins inplace ofPuts


the harvest price is used to calculate "actual reveune." The actual revenue is compared to your guaranteed revenue to determine if you have a claim or not. If the price drops(for CRC) more than $1.5 from spring to fall, then $3.90 will be used to calculate actual revenue, while your guarateed revenue will be based upon $5.40.
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