FARM BUSINESS NEWS
Harvest Price Calculations
Thu Nov 1, 2012 06:19 AM CDT

OMAHA (DTN) -- The month of October is important for corn growers in the key Corn Belt states who hold revenue-based crop insurance policies. It's when the harvest price for those policies is set.

For producers in 31 states, the closing price of the December corn contract during each trading day of October is averaged to determine harvest price. States with earlier harvests have already had their fall prices set. Mississippi's guarantee is $8.02, for example.

Revenue policies cover losses caused by a difference in the harvest price from the projected price. The projected price is figured in February, based ...

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