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| Tut and Indianajones make an excellent point.
Just to avoid sticker shock in the fall each farmer choosing revenue crop insurance products should have their insurance requoted after March 3rd. You have until March 17th to make your coverage choices. In January agents were using/guessing $5.00 with .615 volatility.
Indianajones- there is one other major difference between CRC and RA-HP. RA-HP has unlimited price movement and CRC and GRIP have limited price movement of $1.50 corn and $3.00 beans. Can't happen, then look at wheat with $2.00 movement.
Depending on your location CRC and RA-HP have very different premiums due to the way each plan recognizes the yield/price correlation. CRC is lowest cost in East central Illinois. However RA-HP is better value in Western Illinois. Indiana sort of jumps all over the board.
Forgottonian | |
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Current Crop Insurance Average Prices
