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EXAMPLES OF HOW REVENUE PROTECTION WILL WORK IN 2020

 

CORN:

Base Price: $3.88                              Harvest Price: $3.99

The Harvest Price on corn came in higher than the Base Price. This will not increase your yield guarantee, but you will be paid the higher Harvest Price for any bushels you are short of your yield guarantee. An example of how this works:

 

Approved Yield: 120                          Coverage Level: 75%                      Final Yield: 60 bpa

120 (Approved Yield)  x  75% (Coverage Level)  x  $3.99 (Higher of Base or Harvest Price)  =  $359.10 Revenue Guarantee

60 bpa Yield  x  $3.99 Harvest Price  =  $239.40 Harvested Revenue

$359.10 Revenue Guarantee  -  $239.40 Harvested Revenue  =  $119.70 / Ac. Claim Payment  =  30bu  x  $3.99 Harvest Price

 

 

GRAIN SORGHUM:

Base Price: $3.69                              Harvest Price: $3.79

The Harvest Price on grain sorghum came in higher than the Base Price. This will not increase your yield guarantee, but you will be paid the higher Harvest Price for any bushels you are short of your yield guarantee. An example of how this works:

 

Approved Yield: 120                          Coverage Level: 75%                      Final Yield: 60 bpa

120 (Approved Yield)  x  75% (Coverage Level)  x  $3.79 (Higher of Base or Harvest Price)  =  $341.10 Revenue Guarantee

60 bpa Yield  x  $3.79 Harvest Price  =  $227.40 Harvested Revenue

$341.10 Revenue Guarantee  -  $227.40 Harvested Revenue  =  $113.70 / Ac. Claim Payment  =  30 bu  x  $3.79 Harvest Price

 

 

SOYBEANS:

Base Price: $9.17                            Harvest Price: $10.55

The Harvest Price on soybeans came in higher than the Base Price. This will not increase your yield guarantee, but you will be paid the higher Harvest Price for any bushels you are short of your yield guarantee. An example of how this works:

 

Approved Yield: 40                         Coverage Level: 75%                      Final Yield: 20 bpa

40 (Approved Yield)  x  75% (Coverage Level)  x  $10.55 (Higher of Base or Harvest Price)  =  $316.50 Revenue Guarantee

20 bpa Yield  x  $10.55 Harvest Price  =  $211.00 Harvested Revenue

$316.50 Revenue Guarantee  -  $211.00 Harvested Revenue  =  $105.50 / Ac. Claim Payment  =  10 bu  x  $10.55 Harvest Price