<<

Department of A Risk Management Agency Guide 2020 Crop Year

St. Paul Regional Office — St. Paul, MN

Revised December 2019

Oats , , and

Crop Insured Premium Billing ...... August 15, 2020 You can insure if: Production Reporting ...... April 29, 2021 • They are grown on insurable acreage; • Premium rates are provided; Reporting Requirements Acreage Report - You must report all of your • You have a share; and acreage in the by the acreage reporting date. • They are planted for harvest as grain. Coverage Levels and Premium Subsidies Counties Available Crop insurance premiums are subsidized as shown in the See counties available in the actuarial documents at following table. For example if you select the webapp.rma.usda.gov/apps/ 75-percent coverage level, the premium subsidy is 55 actuarialinformationbrowser2020/CropCriteria.aspx. percent, and your premium share is 45 percent of the The crop be insurable in other counties by base premium. written agreement if specific criteria are met. Contact Coverage Level 50 55 60 65 70 75 80 85 an insurance agent for more details. (percent) Basic Unit 67 64 64 59 59 55 48 38 Subsidy Optional Causes of Loss Factor 67 64 64 59 59 55 48 38 You are protected against the following: Unit • Adverse weather conditions such as hail, frost, Price Elections freeze, wind, drought, and excess moisture; A price election is the price you are paid per bushel if • Failure of irrigation water supply, if caused by an you have a loss. This is based on the percentage of insured cause of loss during the insurance period; established price you chose. • Fire, if due to natural causes; • Insects and plant disease, but not damage due to Established price ...... $2.75 per bushel insufficient or improper application of pest or Organic (Certified) ...... $5.34 per bushel disease control measures; or • Wildlife. Unit Division Basic Unit (BU) - A basic unit includes all of your Insurance Period insurable oat acreage in the county by share Insurance coverage begins on the later of: arrangement. Premium discounts apply. • Date we accept your application; or • Date the oats are planted. Optional Unit (OU) - If a basic unit consists of land in two or more sections, and certain recordkeeping Insurance coverage ends at the earliest of: requirements are met, you may apply for optional • Total destruction of the crop; units by section.

• Harvest of the unit; • Final adjustment of a loss; Insurance Plans • Abandonment of the crop; or Actual Production History (APH) - Your production • October 31, 2020. guarantee is based on your yield history. You have a loss when your production falls below your Important Dates production guarantee.

Sales Closing/Cancellation ...... March 15, 2020 Catastrophic Coverage (CAT) - Covers 50 percent Final Planting ...... Varies by county of your APH yield and 55 percent of the projected End of Late Planting Period ...... Varies by county price. Acreage Reporting ...... July 15, 2020

This guide gives only a general overview of the crop insurance program and is not a complete policy. For further information and an evalu- ation of your risk management needs, contact a crop insurance agent. Endorsements and Options Loss Example Supplemental Coverage Option (SCO) - Provides This example assumes a 80 bushels per acre APH additional coverage for a portion of your underlying yield, 75-percent coverage level, 100 percent of the crop insurance policy deductible. established price, and basic unit coverage.

APH Yield Exclusion Option - Allows you to 80 Bushels per acre APH yield exclude actual yields from your APH for select x 0.75 Coverage level counties, and contiguous counties, in years that had an 60 Bushel guarantee average county yield of at least 50 percent below the - 45 Actual bushels per acre produced average county yield of the ten previous crop years. 15 Bushels per acre loss Available with CAT or buy-up policies. x $2.75 Price election $41.25 Indemnity Yield Cup Option - Prevents your approved APH yield from decreasing by more than 10 percent from Figures shown on a per acre basis. Guarantees and the prior year’s approved APH yield. Not available losses paid are on a unit basis. Your premium will be with CAT policies. deducted from any indemnity payment. See policy provisions. Replant Provisions You may receive a replanting payment if: Where to Buy Crop Insurance • It is practical to replant; All multi-peril crop insurance, including CAT • The appraisal does not exceed 90 percent of your policies, are available from private insurance agents. guarantee; and A list of crop insurance agents is available at all • You replant at least 20 acres or 20 percent of the USDA service centers and on the RMA website at unit. www.rma.usda.gov/en/Information-Tools/Agent- It will be considered practical to replant on or before Locator-Page. the tenth day after the final planting date unless the insurance company determines otherwise. Replanting Contact Us payments are not available on acreage initially USDA/RMA planted before the earliest planting date or on CAT St. Paul Regional Office policies. 30 7th Street East, Suite 1890 St. Paul, MN 55101 Late and Prevented Planting Phone: (651) 290-3304 Late Planting Period - Begins the day after the final Fax: (651) 290-4139 planting date and ends 25 days after the final planting Email: [email protected] date. Your insurance guarantee will be reduced by one percent per day for each day planted after the —–——————————————————— final planting date. After 25 days, your prevented USDA is an equal opportunity provider, employer and lender. To planting coverage will be 60 percent of your file a complaint of discrimination, write: USDA, Office of the insurance guarantee for timely planted acreage. You Assistant Secretary for Civil Rights, Office of Adjudication, 1400 may purchase additional prevented planting coverage. Independence Ave., SW, , DC 20250-9410 or call (866) 632-9992 (toll-free customer service), (800) 877-8339 (local or federal relay), (866) 377-8642 (relay voice users). Prevented Planting - You may receive a prevented planting payment if you are unable to plant on or before the final planting date or within any applicable late planting period because of an insurable cause. Additional prevented planting coverage is not available on CAT policies.