NEWS
Insure Your Revenue Guarantee
Marcia Zarley Taylor DTN Executive Editor
Mon Sep 29, 2014 02:18 PM CDT

Most Midwest crop producers fixate on February futures prices. That's the month when market averages set the bulk of federal crop insurance guarantees for the coming growing season. But Luke Smith, a partner in his family's Rochester, Ind., grain operation and commercial elevator, thinks outside that February timeframe. The past two years he's bought private insurance riders called Price Flex up to seven months ahead of the standard February pricing period, just to "insure" his insurance covers his production costs. Early pricing gave him the courage to hedge 100% of his 2014 corn crop -- before bear markets sent prices ...

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