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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 Proso Millet Insured Counties for Millet, MPCI Coverage Millet Production *Acreage data are not available at the state or county level from NASS sources

  4. RMA Crop Production and Revenue Insurance Products Proso Millet- Insurance • Insurable Crop • Proso millet planted for harvest as grain may be insured • Insurable Units • Proso millet may be insured at the basic optional level • Coverge Election • 50, 55, 60, 65, 70 or 75% of APH • Price Election • 55% to 100% of a maximum price election

  5. RMA Crop Production and Revenue Insurance Products MPCI Proso Millet Example

  6. RMA Crop Production and Revenue Insurance Products Proso Millet- Exercise • If Paul and Marie’s proso millet harvest is 90 bushels per acre, will they receive an indemnity? (Yes/No)

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