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EXAMPLES OF HOW REVENUE PROTECTION WILL WORK IN 2018

 

CORN:

Base Price: $3.96                              Harvest Price: $3.68

The Harvest Price on Corn came in lower than the Base Price, effectively increasing your Yield Guarantee by about 7.6%. 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  $3.96 Base Price  =  $356.40 Revenue Guarantee

90 bpa Yield  x  $3.68 Harvest Price  =  $331.20 Harvested Revenue

$356.40 Revenue Guarantee  -  $331.20 Harvested Revenue  =  $25.20 / Ac. Claim Payment

 

 

GRAIN SORGHUM:

Base Price: $3.83                              Harvest Price: $3.56

The Harvest Price on Grain Sorghum came in lower than the Base Price, effectively increasing your Yield Guarantee by about 7.6%. 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  $3.56 Harvest Price  =  $320.40 Harvested Revenue

$344.70 Revenue Guarantee  -  $320.40 Harvested Revenue  =  $24.30 / Ac. Claim Payment

 

 

SOYBEANS:

Base Price: $10.16                            Harvest Price: $8.60

The Harvest Price on Soybeans came in lower than the Base Price, effectively increasing your Yield Guarantee by about 18.1%. 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  $10.16 Higher of Base or Harvest Price  =  $304.80 Revenue Guarantee

30 bpa Yield  x  $8.60 Harvest Price  =  $258.00 Harvested Revenue

$304.80 Revenue Guarantee  -  $258.00 Harvested Revenue  =  $46.80 / Ac. Claim Payment