Crop Revenue Insurance The initial price calculation period for the 2014 U.S. winter wheat crop insurance program started on 15 August and runs through 14 September. It is the daily average of the July KC wheat futures for hard red winter wheat (HRW) and the July Chicago futures for the soft red winter wheat. The table below shows the current price calculation compared to the previous two years:
This is the initial price calculation and will also be the minimum price. If farmers elect to take the harvest price option and prices during the 2014 harvest are higher than this calculation, they get the higher price. Note the significant price difference from the previous two years. This lower price will directly reduce their p...
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