Class III / Class IV

• The Class percentages show the percentage of Class III and IV that the producer selected for the class-based endorsement.
• This does NOT represent the percent hedged the producer is. 
• E.g. 100% Class III means the endorsement is strictly a Class III revenue coverage
• E.g. 50% Class III/ 50% Class IV means the endorsement is protecting revenue using an average price based on the percentage breakdown selected. 

Example

Class III      Price            Class IV          Price        Price Protected 
 100%           $15                0%               $16             $15
 50%            $15                50%              $16             $15.50 ( combination of Class III and IV based on the 50/50 breakdown)