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| With revenue coverage, you are guaranteed "X" number of dollars per acre, based on average yield (your yield history with CRC/RA, or the expected county yield with GRIP). When the fall price is lower than the spring price, you must then produce more bushels to reach your dollar per acre guarantee, therefore your "trigger yield" goes proportionally higher.
If you buy RA, or GRIP without the harvest option, then the opposite occurs when the fall price is higher (as with last year for corn, and 2003 for soybeans). Then, a higher price requires less bushels to reach the guaranteed dollars per acre. | |
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GRIP Insurance
