You were guaranteed 12, then they'd pay you for the difference. In the end though, Jones thinks Risk Management will probably devise some type of program to insure the producer's cows. And they think that probably they will come up with some type of program that would insure cattle. And that way, indirectly, they would insure your hay. The recent reform of crop insurance included a pilot program for insuring cattle.
Details have yet to be worked out, however.