CAT provides the minimum level of coverage offered by FCIC, which meets the requirements for a person to qualify for certain other USDA program benefits (50 coverage level - 55% of market price).

CRC provides protection against loss of income due to reductions in yield or changes in market prices, or a combination of the two.

CRC provides a revenue guarantee (based on your APH) that increases if harvest prices are high and provides income security if prices are low.

The allowance for the change in projected price from the beginning of the insurance period to the end, is the primary difference between CRC and other risk insurance plans. CRC also provides for unit coverage similar to the underlying MPCI policy, with the addition of an enterprise unit structure, which includes all insurable acreage for the crop in the county in which the insured has a share.

• Revenue Assurance protects against loss of revenue caused by low prices or low yields or a combination of both. Standard APH is used
• Guarantee is based on the Projected (spring) Harvest Price, unless the Fall Harvest Option is elected
• Fall Harvest Price Option must be elected by Sales Closing Date
• Basic, Optional, Enterprise or Whole Farm units are available. Enterprise and Whole Farm must be elected by Sales Closing Date
• Same premium subsidy as MPCI & CRC
• Available for corn, soybeans, wheat, barley, sunflowers and canola in North Dakota
• Coverage levels: 65 to 75% for basic optional units, 65 to 85% for enterprise and whole farm units (check actuarials for availability)
• Replant payments are based on the Projected (spring) Harvest Price

IP insures a producer's loss of revenue as a result of low prices, low yields or a combination of the two. IP coverage allows one enterprise unit per crop per county in which the insured has an interest and uses the APH program for yield setting. Price setting uses a projected price from the commodity futures market prior to planting to establish a revenue guarantee. An indemnity is due if the harvest price of the production to count falls below the revenue guarantee.

GRP is a county-based program with one unit per county. Your guarantee is based on 30 years of NASS data for your county. You select a level of coverage from 70-90%, which becomes the trigger for any loss payment.

Since GRP is designed around the average yield for your county, the program works best for producers who consistently produce above the county average.

Advantages

• Doesn't require production records of past yields
• No field loss adjustment
• Harvest Revenue Option offers flexibility in coverage

Disadvantages

• Yield must be similar to county averages.
• Final payment is delayed until final yields are released.
• Individual loss is not covered if the county does not qualify for payment.
• No coverage for Prevented Planting, Replanting, or Late Planting.

Livestock Risk Protection is designed to provide protection on fed cattle, feeder cattle, and swine against a price decline during the policy coverage period. LRP is priced and available for sale continuously throughout the year. Coverage is determined by multiplying the number of livestock to be marketed times the market weight times the coverage price times the insured share. Coverage levels range from 70-95% of the daily livestock prices.

Livestock Gross Margin for Cattle provides insurance between the Gross Margin Guarantee and Actual Total Gross Margin based on a Producer's Target Marketing and futures prices prior to and during the insurance period. There are twelve insurance periods in each calendar year. Each insurance period runs 11 months and no cattle can be insured during the first month of the insurance period. Cattle insured in a yearling finishing operation are assumed to weigh 750 lbs. when they enter the feedlot and to weigh 1250 lbs. at slaughter and to consume 57.5 bushels of corn. Cattle insured in a calf-finishing operation are assumed to weigh 550 lbs. when they enter the feedlot and weigh 1150 lbs. at slaughter and to consume 54.5 bushels of corn.

Nodak Mutual has been granted the opportunity in North Dakota by FCIC to offer the Pasture, Rangeland and Forage Group Risk Plan. Like other GRP policies, this is a new program with limited availability. This plan offers the following features:

• Protects pasture, rangeland or forage for haying and/or grazing
• Coverage is based on rainfall amount in a grid (12x12 mile)
• Actual Production History (APH) is not required to be reported

Coverage is purchased the calendar year prior to the crop season beginning. The sales closing date for PRF Rainfall Index Pilot Program is November 30. Producers must select a minimum of two index intervals for their operation based upon when you need the rain the most.

Rainfall Index Pilot Program intervals

• Interval I: February-March
• Interval II: April-May
• Interval III: June-July
• Interval IV: August-September
• Interval V: October-November
• Interval VI: December-January

Other coverage options:

• Varying coverage levels
• Different productivity factors
• Multiple index intervals
• Number of acres to insure

Additional features:

• No production records required
• Easy to understand index system
• No individual loss adjustment involved

Claims:

Producers with qualifying acreage of grazing or hayland are covered for a reduction in the grids index. Losses are paid in timely fashion upon conclusion of each index interval.