The Vice President of Farm Services at NAU Country Insurance says he’s expecting lower guarantees for revenue protection insurance this month.
Rich Morrison says the base price isn’t finalized until the end of February and currently…
“For corn, it looks like we might be down more than $1 from last year, but last year was an aberration, of course, there was $5.91 corn and $13.72 soybeans. This year, it’s different. Soybeans might be more than $2 lower than last year.”
Revenue protection insures farmers against yield losses from natural causes like drought or disease and revenue losses caused by a change in the harvest price from the projected price.
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