Allyn9 Wrote:
Jul 09, 2012 3:04 PM
The insured price of 2012 corn is the average price during the month of Feb 2012 for the 2012 Dec futures contract. Revenue coverage also looks at the Nov 2012 average for the Dec contract and uses the higher of the two. The current price (July 2012) does not affect the insured price. The 2012 price does not affect any other year's price. The biggest part of the Federal Ag budget covers Food Stamps and other assistance programs.