$3.68 on corn and $8.60 for soybeans, simple averages of the December corn and November soybeans prices during the month of October. Per ISU Extension's Farm Management Specialist Steve Johnson, the formula is pretty simple. Multiply that prices times your production, then compare it to your revenue guarantee in order to identify potential claims. For example:
220 bushel per acre x $3.68 = $809.60 compared to your revenue guarantee. For more information click here.