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SE NC | As it was explained to me by North Carolina farm bureau insurance agents it’s more of a total pounds not really a per animal basis.
So example if I put 200hd of 500lb calves for September. That’s 100000 lbs of calves in September.
If in September the calves are smaller say 450lbs average that’s 90000lbs of calves so they adjust the number of head to match. In this example they would pay on 180hd at 500 lbs to get the same 90000lbs your 200 450lb steers weigh.
So you get paid less if you receive a payout however your premium is also adjusted accordingly as if you only ever booked 180 had at 500lbs for a 90000lb total
If your steers weigh more say 550lbs you will still only get payed on the 100000lbs but will also only pay premium on 100000lbs even if you have 110000lbs of steers
So to more directly answer your question if the others grow more over your estimate you may just get payed as if that animal was still alive. If not then your payout will be less since you have less pounds but so will your premiums. | |
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