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RMA Crop Production and Revenue Insurance Products

RMA Crop Production and Revenue Insurance Products. Lesson Overview In this lesson, we will learn about: Wyoming acres of annually-planted crops, and acres insured Multiple Peril Crop Insurance Catastrophic Risk Protection (CAT) Crop Revenue Insurance (CRC) Group Risk Plan (GRP)

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RMA Crop Production and Revenue Insurance Products

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  1. RMA Crop Production and Revenue Insurance Products Lesson Overview • In this lesson, we will learn about: • Wyoming acres of annually-planted crops, and acres insured • Multiple Peril Crop Insurance • Catastrophic Risk Protection (CAT) • Crop Revenue Insurance (CRC) • Group Risk Plan (GRP) • Group Risk Income Protection (GRIP) • Forage Insurance • Seed and Specialty Crop Insurance • Alfalfa Seed Protection Insurance • Nursery Crop Insurance • Adjusted Gross Revenue-Lite (AGR-Lite)

  2. Crops Covered Under MPCI: Barley Corn (for grain) Corn (for silage) Dry beans Proso millet Oats Potatoes Sugarbeets Sunflowers Wheat Malting barley RMA Crop Production and Revenue Insurance Products

  3. RMA Crop Production and Revenue Insurance Products Corn for Silage Corn for silage production Insured Counties for Corn (for Silage), MPCI Coverage * An estimated 76% of Wyoming’s corn for silage acres are in counties indicated

  4. RMA Crop Production and Revenue Insurance Products Corn for Silage- Insurance • Insurable Crop • Corn for silage may be insured • Insurable Units • Corn for silage may be insured at the optional or basic unit levels in Wyoming • Coverage Level • 50, 55, 60, 65, 70, 75% of APH • Price Election • 55 to 100% of maximum price election • Note: in Wyoming only irrigated corn for silage is covered under MPCI insurance

  5. RMA Crop Production and Revenue Insurance Products MPCI Corn for Silage Example

  6. RMA Crop Production and Revenue Insurance Products Corn for silage: Exercise • If the corn (silage) harvest is 10 tons per acre, will Braddock Farms receive an indemnity? (Yes/No)

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