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Northwest Iowa | Really good discussion on this. But to your point in a 2012 scenario, how often do you get wide spread drought resulting in nationwide yield loss? Aka is the premium worth paying for that 1 out of 10 years? I would say more % of grain is not sold ahead of harvest so if a guy has low yield and high price, he is still in a good spot for revenue. RP would just be an added benefit.
Truthfully I think what I have learned in crop insurance is you need to match up your coverage option with how you make your cash sales. Example: we have a lot sold for 25 already, above where prices are now. I’m thinking of taking yield protect where alls I’m worried about is net bushels raised. If prices rise doesn’t do much for me in regards to my protection on crop insurance decision I make. | |
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The case for harvest price exclusion (RP-HPE)
