Optimal Grain Marketing An Integrated Approach 最优粮食营销一体化方法.pptVIP

Optimal Grain Marketing:Balancing Risks and RevenueDeveloped byNational Grain and Feed FoundationRMA/USDA Goal For Farmers To manage yield risk and price risk within acceptable ranges, resulting in more predictable revenue outcomes that will sustain and achieve the goals of the farming enterprise. When will prices reach the high this year? Analyzing Objective Marketing Decisions: Avoid leaving money “on the table”  Overview of Popular Crop Insurance Products Rodney Clark CGB Diversified Services Traditional Products Revenue-Based Products Important Terms Enterprise Unit: Everything you farm (your share) in a county Basic Unit: Individual farm units (your share) in a county Optional Units: Everything in a section (your share) Yield x Price = Revenue Traditional Crop Insurance Products Address Yield Only Catastrophic Coverage Multi Peril Crop Insurance (MPCI) Companion Hail Group Risk Traditional Coverages . . . Catastrophic (CAT) Co Required for Government Disaster Progs 50% of APH (Actual Production Hist) Pays at 60% of Gov. set Spring Price Coverage is for whole crop in county Cost: $60/crop Some yield coverage (not much) No price coverage Traditional Coverages . . . Multi-Peril Crop Insurance 50% - 75% of APH coverage available Pays at 100% of Gov. set Spring Price Enterprise, Basic, or Optional Units Available Yield Coverage (for the amount purchased) No Price Protection Traditional Coverages . . . Group Risk Plan (GRP) Based off of Expected County Yield (ECY) May purchase 70-90% of ECY Introduces a revenue component Yield coverage is based off of county yield that disregards individual yields Price is not protected in any great degree. Revenue is introduced, but not for specific farm. Traditional Coverages . . . Crop Hail (Companion Hail) Most often purchased in companion with other coverages (but need not be) Only pays for hail loss Limited yield coverage (peril specific) No price protection Variations of Traditional Coverage Multi