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I. |
INFORMATION REVIEWED FOR: |
MDI Example |
On Dry Land Acres
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FIXED COST + PROFIT TARGET AMOUNT PER ACRE |
$
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for IV. REWARD |
recalculate with new target-> |
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(price used for email alerts) |
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KC WHEAT |
CORN |
MILO |
SOYBEANS |
A. |
Crop share percentage share: |
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100.00% |
100.00% |
100.00% |
100.00% |
B. |
Actual Production History (APH): |
38.0 |
70.0 |
65.0 |
28.0 |
C. |
Insurance Coverage Level on |
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70.00% |
70.00% |
70.00% |
70.00% |
D. |
Type of Insurance Coverage |
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ra+ |
ra+
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crc
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ra+ |
E. |
Insurance Coverage Base Price |
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$5.11 |
$4.06 |
$3.83 |
$8.37 |
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F. |
Actual yield planned of -click
here to change B, C, D, or F |
45.0 |
75.0 |
75.0 |
30.0 |
G. |
MDI Current Local Cash Price |
$4.31 |
$3.48 |
$3.20 |
$7.40 |
H. |
Enter your Cash Price Here: |
Use
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Use
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Use
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Use
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Enter your Yield Here: |
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Enter your Expenses Here: |
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* A -0- will default to the MDI numbers. |
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KC WHEAT |
CORN |
MILO |
SOYBEANS |
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II. |
MDI Variable Costs Per Acre |
$130.00 |
$170.24 |
$153.75 |
$138.35 |
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III. |
CROP INSURANCE COVERAGE |
$136.03 |
$198.94 |
$174.27 |
$164.05 |
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LESS: Variable Costs of |
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$130.00 |
$170.24 |
$153.75 |
$138.35 |
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EQUALS NET RISK (-) |
$6.03 |
$28.70 |
$20.51 |
$25.71 |
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IV. |
PROJECTED CASH CROP INCOME |
$270.00 |
$261.00 |
$240.12 |
$222.00 |
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LESS: Variable Costs of |
$130.00 |
$170.24 |
$153.75 |
$138.35 |
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EQUALS NET REWARD (-) |
$140.00 |
$90.76 |
$86.37 |
$83.65 |
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V. |
TARGET $ PER ACRE |
$180.00 |
$220.24 |
$203.75 |
$188.35 |
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VI. |
CASH TARGET NEEDED |
$3.00
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$2.94
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$2.72
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$6.28
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Estimated Basis (minus) |
($0.45) |
($0.20) |
($0.35) |
($0.75) |
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FUTURES TARGET OF |
$3.45 |
$3.14 |
$3.07 |
$7.03 |
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VII. |
TARGET FUTURES |
SEP KC |
DEC CORN |
DEC CORN |
NOV BEANS |
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Current Futures Price |
$5.11 |
$3.81 |
$3.81 |
$8.37 |
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MOVE NEEDED |
($1.66) |
($0.68) |
($0.75) |
($1.34) |
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Move Probability 10 years |
100.0% |
100.0% |
100.0% |
100.0% |
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Futures Target Probability |
60.0% |
10.0% |
10.0% |
40.0% |
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Move Probability 20 years |
100.0% |
100.0% |
100.0% |
100.0% |
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Futures Target Probability |
60.0% |
20.0% |
20.0% |
35.0% |
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Move Probability 30 years |
100.0% |
100.0% |
100.0% |
100.0% |
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Futures Target Probability |
60.0% |
26.7% |
30.0% |
46.7% |
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VIII. |
YIELD NEEDED TO COVER VARIABLE
COSTS USING CASH PRICE: |
28.89 |
48.92 |
48.02 |
18.70 |