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