On Revenue Protection polices when the harvest price is lower than the spring price you’re bushels to the acre you can grow to meet your guarantee will increase to compensate for the revenue loss.
Example
Soybeans 45APHX75% coverage= 33.75 Bu X $11.55 (initial price) = $389.81 guar per acre
Harvested 35 bu acre X $10.03= $351.05
$389.81-$351.05= $38.76 loss per acre
- Even though we grew more bushels than our initial guarantee the revenue drop produced a loss of $38.76 per acre
I have attached trigger charts for your convenience to give you an idea if you would be close to a loss on revenue.
Of course, the easiest way to check for losses is to fill out your production report and have the office check it for you. Whichever route you take please make sure to turn losses in a timely manner.