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| MPCI, or APH coverage, only protects bushels. It provides a set price, in most states of $4.75 corn and $11.50 soybeans. If the price goes up, or down from this point (which it usually does) revenue coverage then provides a "moving target" price of the higher or lower fall price. With revenue coverage, if the price is lower (most of the time), the guarantee in bushels increases, to meet the dollars per acre guarantee, or if the price is higher, any "lost" bushels are paid the higher dollars amount.
You are in most cases better off buying a lower level revenue coverage, than a higher (same premium) level MPCI coverage .
My opinion, Rob Heyen
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Yield v. Revenue insurance confusion
