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EXAMPLES OF HOW REVENUE PROTECTION WILL WORK IN 2016

 

CORN:

Base Price: $3.86                              Harvest Price: $3.49

 

The Harvest Price on Corn came in lower than the Base Price, effectively increasing your Yield Guarantee by about 10.6%.  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  $3.86 Base Price  =  $347.40 Revenue Guarantee

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

$347.40 Revenue Guarantee  -  $314.10 Harvested Revenue  =  $33.30 / Ac. Claim Payment

 

GRAIN SORGHUM:

Base Price: $3.72                              Harvest Price: $3.37

The Harvest Price on Grain Sorghum came in lower than the Base Price, effectively increasing your Yield Guarantee by about 10.4%.  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  $3.72 Base Price  =  $334.80 Revenue Guarantee

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

$334.80 Revenue Guarantee  -  $303.30 Harvested Revenue  =  $31.50 / Ac. Claim Payment

 

SOYBEANS:

Base Price: $8.85                            Harvest Price: $9.75

The Harvest Price on Soybeans came in HIGHER than the Base Price. Because of this your Yield Guarantee will not be increased but you will be paid the higher Harvest Price for each bushel you are short of your guarantee.  An example of how this works:

Approved Yield: 40                         Coverage Level: 75%                      Final Yield: 29 bpa

40 (Approved Yield)  x  75% Coverage Level  x  $9.75 Higher of Base or Harvest Price  =  $292.50 Revenue Guarantee

29 bpa Yield  x  $9.75 Harvest Price  =  $282.75 Harvested Revenue

$292.50 Revenue Guarantee  -  $282.75 Harvested Revenue  =  $9.75 / Ac. Claim Payment