![]() ![]() A farm yield of 160 bushels per acre would trigger an 85% RP or RP-HPE payment of nearly $223 per acre. A farm yield of 200 bushels per acre would trigger an 85% RP or RP-HPE payment of $28.70 per acre (see upper panel of Figure 1). An 85% revenue policy would start to trigger payments at a yield level of 205.9 bushels per acre. This would imply a revenue guarantee of $1,005 per acre ($5.91 x 200 = $1,005). Payments on 75% and 70% coverage level policies would require yields losses exceeding 9% and 15%, respectively.Īs an example, consider a farm with a 200 bushel per acre APH yield. Payments on 80% coverage level policies would require a 3% yield loss. Given the 17% price decline for corn, an RP or RP-HPE policy with an 85% coverage level would start to trigger payments with yields even slightly above a farm’s APH yield. Because the Harvest Price is below the Projected Price the Revenue Protection (RP) and Revenue Protection with the Harvest Price Exclusion (RP-HPE) policies will both trigger the same level of indemnity payments. The $4.88 Harvest Price is $1.03, or 17%, below the Projected Price of $5.91. Settlement prices for the December 2023 corn contract averaged $4.88 over the month of October. The 2023 Harvest Price for soybeans is $12.84 per bushel, 7% below the $13.76 per bushel Projected Price. The 2023 Harvest Price for corn is $4.88 per bushel, 17% below the Projected Price of $5.91 per bushel. The October price discovery period for the Harvest Prices used in determining crop insurance indemnities for revenue products is now complete. Illinois Farmland Leasing & Rental Forms.Illinois Crop Budgets & Historic Returns.Farmland LEasing Facts Sheets & Pricing Information.Illinois Soil Productivity & Yield Utilities.Briomass Crop Budget Tool – Miscanthus & Switchgrass. ![]() Appraisal of Current Financial Position.Balance Sheet & Historical Financial Statements.Post Application Coverage Endorsement Tool (Sheet).Precision Conservation Management (PCM). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |