Crop Insurance Today Fourth Quarter 2022 - 36

PLAN CODE
DRP
83
3-month periods (a calendar year
Available Insurance
Period Lengths
quarter). May be able to purchase up
to 5 quarters out during any given
sales period.
LGM-Cattle
82
Rolling 11-month insurance period
with 10 coverage months
(months 2-11)
LGM-Dairy Cattle
82
Rolling 11-month insurance period
with 10 coverage months
(months 2-11)
LGM-Swine
82
Rolling 6-month insurance period
with 5 coverage months
(months 2-6)
LRP-Fed Cattle
81
13, 17, 21, 26, 30, 34, 39, 43, 47, 52
LRP-Feeder Cattle
81
13, 17, 21, 26, 30, 34, 39, 43, 47, 52
LRP-Swine
81
Unborn: 30, 34, 39, 43, 47, 52
All other: 13, 17, 21, 26, 30
If choosing Class Pricing Option,
Elements Insured
Chooses on a QCE,
Target Marketings
Report, or SCE
report declared class price weighting
factor, declared covered milk production,
coverage level, protection factor,
and insured share.
If choosing Component Pricing
Option, report declared butterfat and
protein test pounds, declared component
price weighting factor, declared
covered milk production, coverage
level, protection factor, and
insured share.
Report type of operation, total
approved marketings and target
marketings for each coverage month
in the insurance period
for the applicable type(s) of
operation(s), and a dollar deductible.
Also report effective date for
sales period.
Report type of operation, total
approved marketings, target marketings
for each coverage month in the
insurance period as hundredweight
of milk (potential profit) and tons
of corn and soybean/protein meal
(reflected feed cost), and a dollar
deductible.
Also report effective date for
sales period.
Report type of operation, total
approved marketings and target
marketings for each coverage month
in the insurance period for the
applicable type(s) of operation(s),
and a dollar deductible.
Also report effective date for
sales period.
Report whether insuring Fed Cattle, Feeder Cattle, Swine, or multiple classes of livestock. Provide legal description of the
location of insured livestock or livestock product, including the state and zip code.
For Feeder Cattle or Swine, if insuring unborn livestock, indicate livestock type as " Unborn Swine, "
" Unborn Steers & Heifers, " " Unborn Dairy, " or " Unborn Brahman. "
If insuring born livestock, indicate livestock type as " Heifers, " " Steers, "" " Brahman, " " Dairy, " or " Swine - No Type Specified. "
Report the effective date and end date of insurance period, number of head insured, target weight at end date, coverage
price, and insured's ownership share.
Coverage Level/Price
Percent
Deductible: $0 to $150 in
$10 increments
80-95%
OR Deductible
Can be different for each Target
Marketings Report
Deductible: $0 to $2 in
$0.10 increments
Can be different for each Target
Marketings Report
Deductible: $0 to $20 in
$20 increments
Can be different for each Target
Marketings Report
70-100%, calculated based on
selected coverage price.
Coverage prices change each sales
period.
70-100%, calculated based on
selected coverage price.
Coverage prices change each sales
period.
70-100%, calculated based on
selected coverage price.
Coverage prices change each sales
period.
Premium
Subsidy
Allowance
(all allow BFR/VFR
additional premium
subsidy, and all remove
subsidy for conservation
compliance violation)
Maximum Per QCE/
Target
Marketings/SCE
Maximum Per CY
Written Agreements
Allowed?
Based on coverage level election:
80% CL = 0.55
85% CL = 0.49
90% CL = 0.44
95% CL = 0.44
Available for policies that insure
multiple months during an insurance
period. Subsidy amount determined
by dollar deductible insured selects.
If insured selects a $0 deductible,
will have a lower premium subsidy
(18 percent); if selects the maximum
$150 deductible, will have a higher
premium subsidy
(50 percent).
Available for policies that insure
multiple months during an insurance
period. Subsidy amount determined
by dollar deductible insured selects.
If insured selects a $0 deductible,
will have a lower premium subsidy
(18 percent); if selects the maximum
$2 deductible, will have a higher
premium subsidy
(50 percent).
Available for policies that insure
multiple months during an insurance
period. Subsidy amount determined
by dollar deductible insured selects.
If insured selects a $0 deductible,
will have a lower premium subsidy
(18 percent); if selects the maximum
$20 deductible, will have a higher
premium subsidy
(50 percent).
Subsidy amount
determined by coverage price insured
selects.
Subsidy amount
determined by coverage price insured
selects.
Subsidy amount
determined by coverage price insured
selects.
N/A
N/A
No
N/A
N/A
No
N/A
N/A
No
N/A
N/A
No
12,000 head
25,000 head
No
12,000 head
25,000 head
No
70,000 head
750,000 head
No
Current as of November 2022 ©2022 National Crop Insurance Services

Crop Insurance Today Fourth Quarter 2022

Table of Contents for the Digital Edition of Crop Insurance Today Fourth Quarter 2022