| Mark (EC,IN) - 9/12/2007 05:52
'''''"I think"''''' That if you divide the $517 buy the fall price $3.00 (you used)...you get a guaranteed yield or payment yield of 172 bu/acre.
..........................Mark
That is exactly right. We usually refer to that as the trigger yield. To calculate:
Original Dollar Guarantee / Harvest Price = Trigger Yield
If your actual yield is below your Trigger Yield you will collect.
This is only applicable when the Harvest Price is lower than the Base Price. When the Harvest Price is equal to or higher than the Base Price your Trigger Yield is your Avg. Yield x Coverage Level. |
Can someone help me figuring out crop insurance?
