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EXAMPLES OF HOW REVENUE PROTECTION WILL WORK IN 2017

 

CORN:

Base Price: $3.96                              Harvest Price: $3.49

The Harvest Price on Corn came in lower than the Base Price, effectively increasing your Yield Guarantee by about 13.5%. It is now possible to have a claim even if your yield was higher than your original Yield Guarantee. An example of how this works:

Approved Yield: 120                          Coverage Level: 75%                      Final Yield: 90 bpa

120 (Approved Yield)  x  75% Coverage Level  x  $3.96 Base Price  =  $356.40 Revenue Guarantee

90 bpa Yield  x  $3.49 Harvest Price  =  $314.10 Harvested Revenue

$356.40 Revenue Guarantee  -  $314.10 Harvested Revenue  =  $42.30 / Ac. Claim Payment

 

 

GRAIN SORGHUM:

Base Price: $3.83                              Harvest Price: $3.37

The Harvest Price on Grain Sorghum came in lower than the Base Price, effectively increasing your Yield Guarantee by about 13.6%. It is now possible to have a claim even if your yield was higher than your original Yield Guarantee. An example of how this works:

Approved Yield: 120                          Coverage Level: 75%                      Final Yield: 90 bpa

120 (Approved Yield)  x  75% Coverage Level  x  $3.83 Base Price  =  $344.70 Revenue Guarantee

90 bpa Yield  x  $3.37 Harvest Price  =  $303.30 Harvested Revenue

$344.70 Revenue Guarantee  -  $303.30 Harvested Revenue  =  $41.40 / Ac. Claim Payment

 

 

SOYBEANS:

Base Price: $10.19                            Harvest Price: $9.75

The Harvest Price on Soybeans came in lower than the Base Price, effectively increasing your Yield Guarantee by about 4.5%. It is now possible to have a claim even if your yield was higher than your original Yield Guarantee. An example of how this works:

Approved Yield: 40                         Coverage Level: 75%                      Final Yield: 30 bpa

40 (Approved Yield)  x  75% Coverage Level  x  $10.19 Higher of Base or Harvest Price  =  $305.70 Revenue Guarantee

30 bpa Yield  x  $9.75 Harvest Price  =  $292.50 Harvested Revenue

$305.70 Revenue Guarantee  -  $292.50 Harvested Revenue  =  $13.20 / Ac. Claim Payment