Posted 1/8/2025 17:48 (#11047258 - in reply to #11046837) Subject: RE: The case for harvest price exclusion (RP-HPE)
I think you better review your Insurance hand book your agent gives you Here is an example of decreasing prices right from my agents handbook: APH 36bu/a ,75% coverage level, $10 spring price, $8.50 fall price.
Final Guarantee: 36 x .75x $10= $270/a
Actual yield:27bu/a
Calculated Revenue:27 x8.50=$230/a
RP indemnity: $270-$230= 40/a
RP-HPE: 27bu/a x$10= $270 so no claim since yield is equal to guarantee.
The case for harvest price exclusion (RP-HPE)
