Ken Ripley
๐ค SpeakerAppearances Over Time
Podcast Appearances
That's what I'm going to get paid on on 85% of the base.
So they're similar, but they have different values.
So I don't want to say that one's better than the other for sure, because every year is going to be different.
But
The higher triggers with County Arc are definitely going to probably be more attractive to more producers.
So the market year average price is a cash price based on national basis.
So they're taking a look every month.
So when we get that WASDE report out, that's where that number is coming from, the market year average price.
So every report has what their projected prices are for the last year and then for the years going forward.
Exactly.
Yeah, we actually had three this year.
One of them, you had to buy it back in September, called MCL, Margin Coverage Option.
So that one's off the table for any more decisions for the 26 crop.
So there was a product, there is still a product called Margin Protection that's always had a 9-30 sales close date that's designed to have input components in it to be part of the loss perspective.
Yep, and you're locking in rents and things like that.
We're protecting the margin.
That product has got some, I mean, it's not a bad product, but it's got some nuances that there's some offsetting things and people,
didn't either loved it or hated it.
It's probably put it that way.
They came out with MCO, margin coverage option that became a 9% band.