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| It all depends on if they keep the same rules in play for Whip plus disaster payments. What a lot of people do not understand is that if you took additional coverage like RP and SCO. Your higher indemnity checks from the extra buyup policies where deducted from the Whip plus payment so the guy that took YP insurance recieved the same revenue as your high priced buyup policies with a Whip plus payment 3 to 4 times the rate of the guys that took the buyup policies. This is the world we are living in where all the little league teams receive a trophy. You are not rewarded for higher risk management if these same Whip plus rules stay in place for future disaster programs, which was a kick in the teeth for guys that took these higher coverage policies with the high premiums. Anybody that took 75% YP received the same revenue when Whip plus and insurance indemnities were combined, less premiums as guys that took 85% RP plus SCO.
Edited by tex 2/27/2021 10:32
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Crop insurance RP versus YP
