Posted 6/13/2019 05:41 (#7556241 - in reply to #7555966) Subject: RE: Rampant rumors on Prevent Plant corn....or facts?
Thank you for the link. It sounds like the possibility exists, but is not yet implemented.
Following is cut/paste from Secy of Ag statements:
8. I have a revenue protection policy with a ‘harvest price option’, do I get the higher of the projected price or harvest price for my prevented planting payment?
The Additional Supplemental Appropriations for Disaster Relief Act of 2019 gives the USDA the authority to compensate losses caused by prevented planting in 2019 and also provides additional authority to compensate producers on the higher of the projected price or harvest price. USDA is currently exploring legal flexibility to provide assistance that better utilizes the harvest price in conjunction with revenue and prevent planting policies.