How do I get paid? Who pays me?
Some combination of price moves must occur. The obvious example is that fat cattle are lower, feeder cattle prices are higher and corn prices are higher than the time you purchased the insurance. The gross margin has gotten smaller so you may be eligible for a payment.
If the price of fat cattle prices rise, the feeder prices go down and the corn prices go down you will not get paid. However, your cattle should be profitable because of the improving market conditions.
The insurance company will notify you if your policy has a potential to pay a claim for a particular insurance period. You will need to send copies of your kill sheets to us or the company. You will receive a check from the insurance company.
