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Very little chance for price recovery. Why buy Fall price protection ?
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Meangreen85
Posted 3/14/2019 02:49 (#7379286 - in reply to #7375100)
Subject: RE: Very little chance for price recovery. Why buy Fall price protection ?


None of you guys seem to know that RP covers for the price going down too from Spring to fall... not just going up like 2012 did.

Take 2018 for example:
Say your APH is 55 and insured at 80% spring price was $10.16
55 X .80= 44bu guarantee X $10.16 = $447 per acre coverage

You raised in 2018 50bu per acre THIS IS 6 bushels over your 80% guarantee. Harvest price dropped to $8.60. Sooooo, 50bu raised X $8.60 = $430 revenue then we take $447-$430= $17 per acre claim. And that’s outyielding your guarantee by 6bu. We had guys that raised at or slightly below their guarantees this year that got paid significantly.
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