Assume that a farmer raises 2,000 acres of wheat each year and that to protect his investment the farmer purchases multiple-peril crop insurance. The historical yield is 55 bushes per acres and she insures at an 80% production yield. The maximum price guarantee is set at $10.50 per bushel and the premium coverage is $14.00 per acre. A weather related incident reduces average yield to 39 bushels per acre. What is the loss payment per acre? $52.50 $42.50 $47.50 $35.50 $37.50 74 Moving to the next question prevents changes to this answer. Question 1 of 10