The name is absent

Table 1. Sample Variance-Covariance Matrix Used to Estimate the Cash Prices and Yields

∆pc ∆yc ∆ps ∆ys

∆pc
∆yc
∆ps
∆ys

0.047357

-0.01915 0.047691

0.035028 -0.01527 0.037954

-0.01369 0.023965 -0.01025 0.019965

Table 2. Implied Sample Correlation Coefficient Matrix

∆pC ∆yc ∆ps ∆ys

∆pC
∆yC
∆ps
∆ys

1.000

-0.403 1.000

0.826 -0.359 1.000

-0.445 0.777 -0.372 1.000

Table 3. Parameter Values Used in the Simulations

	Corn	Soybeans
Expected Price ($/Bu):	2.ÎÔ	5.79
Expected Yields (Bu/Acre)	131.08	42.16
Cash-Futures Correlations:
- price	0.973	0.995
- yield	0.621	0.876
Proportion of acreage in the farm	0.58	0.42
Target price ($/Bu)	2.75	-
Loan rate ($/Bu)	2.00	5.00
ARP (%)	10	-
Flex (%)	15	-
Revenue assurance level	0.70	0.70
Costs per acre ($)	155.20	81.04

(Excluding land rents)