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| It provides a known revenue floor. What it does not allow for is that floor to increase at fall time. in 2012, I had 140 something bu/ac corn. Still got to sell those bushels at a higher price, but did not get a insurance payment on top, because revenue still exceeded the spring set floor. My goal is to use insurance to set a revenue floor, not insure potential future margin if you follow. It has tremendous value in setting a firm revenue floor every year. | |
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The case for harvest price exclusion (RP-HPE)
