The 2022 final harvest prices for corn, soybeans and sunflowers were announced late last week.  The spring price and fall harvest price for these crops are as follows:

Corn & Sunflower fall prices were higher than the spring price; therefore, those of you with Revenue Protection will receive the higher fall price in the event of a loss.  Also please note you will need to come in below your original bushel guarantee to trigger a loss. 

On the other hand soybeans came in slightly lower than the spring price so your guaranteed bushels will increase 3.63% as it takes more bushels to make up your spring revenue guarantee.

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Corn Increase Price Example:
Corn APH = 160 bu./Acre
Coverage Level = 75%
Guaranteed bu./Acre = 120 bu.

 Spring Rev. Guarantee =  $708 (120 x $5.90)
Fall Rev. Guarantee      =  $823 (120*$6.86)

**Due to an increase fall price the above guarantee increased by $115/acre

     Example: If you harvested 115 bushels per acre your indemnity would be 5 bu. x $6.86 = $34.30/Acre

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Soybean Decrease Price Example:
Soybean APH = 40 bu./Acre
Coverage Level = 75%
Guaranteed bu./Acre = 30 bu.

 Spring Rev. Guarantee =         $430 (30 bu. x Spring Price of $14.33)
Harvest Bushel Guarantee =     $430/Harvest Price of $13.81 = 31.1 bushels

**Due to a decrease fall price the bushel guarantee increased to 31.1 bu/acre as it takes more bushels to make up the price decline.

     Example:  If you harvested 25 bushels per acre your indemnity would be 6.1 bu. x $13.81 = $84/Acre

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If you are not sure of your APH, please give us a call at 218-935-2700 and we will help determine if you are in a loss situation. 

ProAg Service & Insurance
2417 US Hwy 59
Mahnomen, MN  56557
218.935.2700 (office)
www.proagservice.com

This agency is an equal opportunity provider.