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Instructor

Cows and Wheat

Year 5

Your Year 5 Choices:
1. Protect just your yields for a $2,000 insurance premium 2. Protect just your prices using a forward contract (lock in $0.95/$4.50) 3. Protect your yields and prices by using both 1) wheat/PRF crop insurance and 2) a forward contract 4. Take your chances with the weather and the market
Your Year 5 Results:

You chose to .

With the results of $1,000, you had a DECENT Year 5. Added to your Year 4 beginning balance of $4,000, your Year 5 ending balance is $5,000 .

Prices
Crop Historical Average Prices Market Prices Contract/Insured Prices My Year 1 Prices
Cows $1.00 / lb $0.98 N/A $0.98
Wheat $4.75 / bu $3.90 N/A $3.90
Yields
Crop Historical Averages Class Averages Insured Yields My Year 1 Yields
Cows 450 lb 389 N/A 389
Wheat 55 bu 53 N/A 53