| Thndrstrck - 1/18/2025 16:53
I've had it the past two years. For reference I take RP on corn and soybeans and your underlying policy whether it is RP, RPHE, or YP affects your ECO calculation.
You can take ECO at 90% (covers 90%-86% of county shortfall) or 95% (covers 95%-86% of county shortfall). ECO payouts are calculated independently from any claim on your underlying policy.
Here's an example given the following assumptions 95% ECO, 200 APH, $4.50 spring price, 185 county projected yield, 85% RP.
RP Policy > 200 x 4.5 x .85 = $765 of coverage
RP Claim > 190 x 4 = $760 Actual Revenue > $5/Acre RP payment
ECO Coverage > 185 x 4.5 = $832.50 County Projected
ECO Claim > 180 x 4 = $720 County Actual > 720/832.5 = 86.5% > 100-86.5-5 = 8.5% payable > 765 x .085 = $65.02/acre payment on ECO
You don't get paid until RMA determines county yields in June.
Premium was previously subsidized 44%, it's now going to be subsidized 65%. In 2024, I received $90/acre of coverage for $26/Acre premium. The premium would be reduced to $15-16 in 2025.
Thank you so much. I'm usually 80% enterprised with some wind and hail added. Looks like ECO would be a wise move this year given the risk of trade war and drought. Do you take the policy for soybeans too? Do you have to or can you just do corn? Would soybeans pay in a year like 2024?
Edited by doathlon 1/18/2025 18:56
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ECO price per acre. Any ideas?
