Catastrophic
Coverage (CAT) - A plan of insurance established by FCIC
that provides coverage comparable to a level for a single crop that
is equal to 50 percent (50%) of the approved yield idemnified at
55 percent (55%) of the expected market price. This is the minimum
level of coverage required for a person to qualify for certain other
USDA program benefits unless the producer executes a waiver of any
eligibility for emergency crop loss assistance.
Crop
Revenue Coverage (CRC) - An insurance program that guarantees
a stated amount of revenue. CRC covers revenue losses due to a low
price, low yield, or any combination of the two.
Multi-Peril
Crop Insurance - An insurance program to minimize risk and
help protect farmers for loss of production below a predetermined
yield, known as the unit guarantee which can be calculated using
the producers actual production history.
Revenue
Assurance (RA) - Protects a producers crop revenue
whenever low prices or low yields, or combination of both, causes
the crop revenue to fall below the guaranteed revenue level.
Livestock
Coverage
-
Full Mortality
- Loss of Use
- Major Medical
Crop
Hail Coverage
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