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hello this is Gary schnitkin this is a farm doc Insight on the price volatility for crop insurance the price volatility for crop insurance is a very important parameter for setting premiums on Revenue crop insurance products and that includes Revenue protection RP the most popular product as well as the other combo product RP with hpe supplemental coverage option enhanced coverage option also use the the volatility in setting premiums as well as the area Revenue plans the price volatility is a measure of uncertainty in prices it gives us a feel for how wide the distribution of prices can be the December contract is used for that for corn in Midwest states so were measuring the volatility of the December contract the November contract is used for soybeans in Midwest states higher volatilities as in as they go up the means that there are more uncertainty about prices in the future and because theres more uncertainty we can have the probability of lower prices increasing and as a resul