GLOSSARY

*This page is a set of “informal” terms for the lay person. It is intended for an informal and generalized listing of terms. “Your” actual term and definitions shall be different depending on the “actual insurance carrier and State.

COMMON ACRONYMS

ARPI – Area Risk Protection Insruance


LRP – Livestock Risk Protection


Livestock Gross Margin


AIP –


CAT – Catastrophic Risk Protection


CIH – Crop Insurance Handbook


RMA RO – Risk Management Agency RegionaI Office


T-Yield – Trend Adjustment Yield


SA T-Yield – Simpla Average Trend Adjustment Yield


TA – Trend-Adjusted Actual Production


FSA – Farm Service Agency


CCC – Commodity Credit Corporation


APH – Actual Production History


RMA – Risk Management Agency


SCD – Sales Closing Date


WA – Written Agreement


RP – Revenue Protection


HPE – Revenue Protection with Harvest Price Exclusion


YP – Yield Protection


CEPP – Commodity Exchange Price Provisions


EU – Enterprise Units


BU – Basic Units


OU – Optional Units


WU -Whole Farm


YA -Yield Adjustment


Unit –  Unit Structure is the insurable acreage of the insured crop in the County that is taken into consideration when determining the approved “Actual Production History” yield, the guarantee, the premium and the amount of any indemnity for that acreage. The unit is one of the principle foundation blocks of Federal Crop Insurance.

Basic Units 

  • 100% interest in crop including all acreage that is owned and rented for a cash lease
  • Or, which is owned by one person and operated by another person on a share basis. A crop shared with each deifferent landlord, tenant or sharecropper is a separate basic unit. A basic unit is determined by “who own the crop
  • Crop, county, share
  • Discount based on number of acres & coveage level
  • Most often used for people farming in only on section

Each insured crop is a separate fron another insured crop.  Each County is separate on its own.

  • Share – All acreage farmed at 100% interest including acreage owned, and acreage rened for cash.  A lease containing provisions for EITHER a minimum paymen tOR a crop share whiever is the greater will be considered a cash lease.
  • Acreage rented for a percentage of the crop, or a lease containing provisons for BOTH a minimum payment ANHD a crop share will be considered a crop shar lease.

Optional Units  

  • Separate Section – Must be a discernable break in the planting pattern (in contrast to Enterprise units – see below)
  • Separate Records – reported by the Production Reporting Date
    • Planted acreage records by section
    • Production records by section
  • Separate Practice -within the same section
    • Irrigated  – Non-irrigated
    • Organic – Conventional

Enterprise Units – Insured must make enterprise unit election on or berfore the earliest sales closing date

The insured crops in the unit and report the enterprise unit structure on the acreage report

  • If EU is abailable – check special provison for Available  ( available on all crops with RP and YP)
  • Must have two or mor section
    • There ar no minimum acreage limitation
  • All crop in the county in the same unit
  • Recommended to keep optional unit records
  • Grower takes on more risk; county county protection
  • Least expensive, premium is based on t number of “planced acres”

Whole Farm Units – includes all insurable acreage of all the insured crops in the county

Qualifications:

  • Elected by sales closing date
  • At least 2 crops in the county
  • Crops insured under Revenue Protection at the same coverage level
  • 2 Crops must contain planted acreage representing at least 1-% of the liability of the entire whole farm unit.

APH – Actual Production History

  • The APH yield is the simple average of all the yields in the APH database
  • The base period for the APH database consists of the 10 most recent APH crop years (max 10 yrs)
  • A minimum of 4 years of yields are required

VARIABLE T-YIELDS

  • Transitional yields (T-Yields) are published in the couinty actuuarial information Browser (AIB)
  • If less than four years of actual and/or assigned yields are available for the database, variable T-Yields are used
  • The variable T-Yield percentage is determinded by the number of actual or assigned yields available for the crop in the county
  • The T-Yield will be replaced with actual yields when production is reporeted for each subsequest AH crop year.

ADDED LAND

  • If less than 640 APH database uses higher of applicable T-Yield or the SA T-Yield
  • If 640 – 1999 APH database uses “Variable T-Yields. SA T-Yields may be used “if” requested and aproved by TMA RO
  • If 2000 acres or greather, APH database will use applicable varialbe T-Yields

YIELD LIMITATIONS

  • CUPS
  • FLOORS – A percentage of the applicable T-Yield based on the number of years of records the insured has provided for the crop and county
  • YIELD ADJUSTMENT (YA)

PRIVATE AND STAND ALONE PROGRAMS

Insurance programs are offered on a Private or Stand Alone basis. For more information schedule and appointment to speak with our Crop Certified Agent.  Use this contact for here.

  • BARN FIRE
  • BUSINESS INTERRUPTON
  • CANNING AND PROCESSING
  • CITRUS FREEZE
  • CITRUS PACKER
  • EXTRA LONG STAPLE COTTON
  • FIELD GRAIN FIRE
  • GERMINATION COVERAGE FOR HYBRID SEED CORN
  • GRAPE CLUSTER FREEZE
  • HAY FIRE
  • HYBRID SEED CORN COMPANY
  • HYBRID SEED CORN COVERAGE
  • INLAND MARINE
  • PASTURAGE FIRE
  • RAIN INSURANCE
  • TREE FARM FIRE

 

 

 

* Information is subject to change without notice. Information if meant for “general” purposes only. Your actual policy information will be different depending on the insurance carrier, state and local.  Consult with on of our Certified Brokers for a quote and consultation.

All insureds are encouraged to purchase rain and hail coverage.

Athena Insurance and Financial Services
205 Court St
Jackson CA 95642

Phone (209) 223-1870 } Fax (209) 223-3227
Contact Form