Friday was the final day for the fall harvest price to be set for crop insurance. NAU Country Vice President of Farm Services Rich Morrison says the harvest price has risen to where it will take a yield loss to trigger a crop insurance payment. “In order to trigger losses, farmers will need a bushel loss. There probably won’t be a ton of those around the country this year.” The harvest average price for corn was $3.99 per bushel, up from a base price of $3.88. Soybean averaged $10.54 over the past month, up from a $9.17 base price. These averages have not been approved yet by the Risk Management Agency, but provide perspective for the revenue policies.
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