Contact Phone: +1 888 772 2793
A guide to the 2014 Farm Bill


Welcome to the Cornerstone Insurance Agency

Sandrock/Mickley Insurance


2015 Spring Price:
Corn- $4.15
Soybeans- $9.73

2015 Harvest Price:
Corn- 
Soybeans- 


Calculating a Revenue Protection Loss

Example:
190-  Yield (Approved Yield/ Average Yield)
85%- Revenue Protection Coverage


$4.15- Spring Price
161.5- Bushel Guarantee
$670.23- Revenue Guarantee



IF HARVEST PRICE IS HIGHER (Harvest Price- CBOT October Average of December Futures)
If the Harvest Price is HIGHER we look for a BUSHEL LOSS
(Guaranteed Bushels) - (Harvested Bushels) = Bushel Loss
(Bushel Loss) x (Harvest Price) = Crop Insurance Loss

150- Harvest Yield
$4.50- Harvest Price

161.5 - 150 = 11.5 (Bushel Loss)
11.5 x $4.50 (Harvest Price) = $51.75/acre loss


IF HARVEST PRICE IS LOWER (Harvest Price- CBOT October Average of December Futures)
If the Harvest Price is LOWER we look for a REVENUE LOSS
(Guaranteed Revenue) - (Harvested Revenue {Harvested Bushels x Harvest Price}) = Revenue Loss

$670.23- Guaranteed Revenue
180- 
Harvest Yield
$3.50- Harvest Price

180 x $3.50 = $630 (Harvest Revenue)
$670.23 - $630 = $40.23/acre loss

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