If prices are high, as they have been the past two years, this program has guaranteed great profits regardless of yields or prices going forward.February was an important month for U.S. producers because, as we have pointed out on several occasions, this is the month the initial and minimum price guarantees for the 2014 crops are calculated. The table below shows the 2012 and 2013 initial base prices compared with the preliminary prices for the 2014 crop.As a quick refresher on the crop revenue protection program:
This program insures revenue per acre. A producer can elect coverage between 65-85 percent of their proven crop yield. The per acre insurance guarantee is the percentage of insurance times the proven yield times the initial p...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
