|
| Part (a major part) of the difficulty in choosing crop insurance coverage this year is the large premium increase. We see the "sticker shock" of higher premiums, and we haven't seen the huge benefit from high prices (the obvious reason for high premiums) yet.
Attached is an example (I'll use Polk County IA), using today's yield averages, and this years beginning $5.40 spring price, along with a lower fall price of $4.60. These current numbers are then applied to the last ten years actual NASS (county) yields.
This way we not only see today's huge premium, but also see how this premium, and price, would have affected previous indemnities when they occurred, assuming a lower fall futures price.
Hope this makes some sense, I'm getting confused............
Rob
Attachments
----------------
 Polk IA CRN pg 3.pdf (85KB - 366 downloads)
| |
|
Putting things in perspective:
