date:Nov 02, 2012
ually produced
131.3 bushels 100 bushels = 31.3 per-acre loss
31.3 per-acre loss X $7.50 per bushel (harvest price determined in October) = $234.75 net indemnity*
* Figures shown on a per-acre basis. Guarantees and losses are paid are on a unit basis. See individual policy provisions.
Summary
As long as the farmer did not commit to delivery of more than the 131.3 bushels per acre, he or she should have adequate funds to make up the shortfall in bushels or pay the replacement value of those