Hot topics & tips on the ever changing business of farming

2017 Harvest Price & Bushel Triggers

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The 2017 Harvest Prices were calculated in the month of October. Corn came in at $3.49 and soybeans at $9.75. Both prices were down from the spring Projected Prices.

 

2017 MPCI Prices 

Corn Projected Price $3.96

Corn Harvest Price $3.49

Soybean Projected Price $10.19

Soybean Harvest Price $9.75

 

The price decline increases the chance of a claim. Let’s take a quick glance at Revenue Protection bushel triggers at the 85% coverage level.

Corn APH: Trigger Yield 

180 APH: 173

190 APH: 183

200 APH: 192

210 APH: 202

220 APH: 212

 

Soybean APH: Trigger Yield

40 APH:36

50 APH:45

60 APH:53

70 APH:62

 

Claims might be spotty in our area. The chances are greater with optional unit structure (by section) than with enterprise units (by county). Review your actual harvest revenue against your guarantee. Claims need to be filed by 15 days after you’re done harvesting or by December 10th; whichever comes first.

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Author: Betsy

I have a passion for helping farmers manage risk and increase their profitability. As an agent at Ibeling Insurance Services in Ackley, IA, I work with farmers to financially secure the future of their farm. I see agriculture as a way of life. Growing up, everyone in my family pitched in to get the job done. We worked on the farm and played on the farm. Our annual family vacation was going to the Iowa State Fair. Knowing that I wouldn't be operating the family farm in the future, I opted for finding a fit in the agricultural industry. I received a bachelors degree in Agricultural Business from Iowa State University. My career started at FCStone in West Des Moines, IA as a Commodity Broker. Each day, I worked with county elevators hedging their price risk on the Chicago Board of Trade. My husband, Levi, and I decided to move closer to home. I had the opportunity to continue working in agricultural risk management as an insurance agent. Ibeling Insurance Services is a great fit for me, as I love what I do, the people I work with, and the community I live in. In the fall, I coach high school volleyball at AGWSR Schools in Ackley. We have a team filled with delightful, talented young ladies. Levi and I have been blessed with a healthy baby boy, Alex, in December of 2013. We are enjoying parenthood, as Alex continues to amaze us!

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