Ken Ripley
👤 SpeakerAppearances Over Time
Podcast Appearances
And then you'd be paid on 85% of your base acres times this price, whatever your bushel shortfall is.
Of your APH.
Yeah.
Crop insurance.
We're changing the rules here.
Yep.
Crop insurance, we deal in tens.
Now we're in the Olympics.
They deal in fives.
Yeah.
So that gave that floor a much better thing.
And as a result, that also helps the ARC offering at FSA as well because that is now the new floor in the Olympic prices for the five-year look back on actual cash prices for corn, soybeans, wheat, and any program crop.
So those numbers have gone up as well.
Corn is now $5.03 for corn and $12.17 for beans.
So those are some really nice safety net prices on those products.
Yeah.
I mean, it's a choice, right?
It's definitely a choice, and it's a choice we're going to have to make again for this next year.
The nice thing about 25 is because they changed the rules on us midstream.
Whatever we elected back last spring doesn't matter.