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SE MN | Thanks for the clarification.
I agree that people need to buy the product that allows them to sleep at night. For me, if I’m going to hedge a significant portion of my crop I’m going to carry RP. Seeing the results of HP-RPE in 2012 for guys with any grain contracted/hedged changed my views on that policy permanently.
I also believe that an RP policy is a very poor way to manage price risk on a crop. A 15% yield/price deductible is just too much to give up before a claim is generated. And that doesn’t take into account how a yield over APH affects price loss coverage. | |
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The case for harvest price exclusion (RP-HPE)
