rma crop production and revenue insurance products lesson overview in this lesson, we will learn...

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)

RMA Crop Production and Revenue Insurance Products

Crops Covered Under MPCI:

• Barley

• Corn (for grain)

• Corn (for silage)

• Dry beans

• Proso millet

• Oats

• Potatoes

• Sugarbeets

• Sunflowers

• Wheat

• Malting barley

Proso Millet

Millet Production Insured Counties for Millet, MPCI Coverage

*Acreage data are not available at the state or county level from NASS sources

RMA Crop Production and Revenue Insurance Products

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

MPCI Proso Millet Example

RMA Crop Production and Revenue Insurance Products

RMA Crop Production and Revenue Insurance Products

Proso Millet- Exercise

1. If Paul and Marie’s proso millet harvest is 90 bushels per acre, will they receive an indemnity? (Yes/No)