When is the final unit revenue guarantee computed for the insured?
Because the expected per-acre revenue for enterprise and whole-farm units depends on insured acres rather than estimated acres, the final unit revenue guarantee can only be computed after the insured’s acreage report is completed because the weighted average depends on the number of acres in each basic or optional unit within the enterprise or whole-farm unit. The preliminary unit revenue guarantee and premium, based on estimated acreage at the sales closing date, can vary from the final unit revenue guarantee and premium based on the completed acreage report data.
