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Catastrophic crop insurance (CAT) is a component of the U.S. federal crop insurance program, originally authorized by the Federal Crop Insurance Reform Act of 1994 (P.L. 103- 354). [1] CAT coverage compensates farmers for crop yield losses exceeding 50% of their average historical yield at a payment rate of 55% of the projected season average ...
Crop Revenue Coverage (CRC) is a form of revenue insurance that protects a producer's revenue for an insurable crop whenever low prices, low yields, or a combination of both causes revenue to fall below a guaranteed level selected by the producer.
Crop insurance is insurance purchased by agricultural producers and subsidized by a country's government to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods ("crop-yield insurance"), or the loss of revenue due to declines in the prices of agricultural commodities ("crop-revenue insurance").
Diminution in value is a legal term of art used when calculating damages in a legal dispute, and describes a measure of value lost due to a circumstance or set of circumstances that caused the loss. Specifically, it measures the value of something before and after the causative act or omission creating the lost value in order to calculate ...
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The gross value of Fresno County’s crop and livestock production reached almost $8.1 billion in 2022. In a record year for Fresno County agriculture, there’s a new crop in the top spot Skip to ...
To be eligible for payments under DCP, owners, operators, landlords, tenants, or sharecroppers must: share in the risk of producing a crop on base acres on a farm enrolled in DCP, and be entitled to share in the crop available for marketing from the base acres or would have shared had a crop been produced; *annually report the use of the farm's cropland acreage;
The gross value of Fresno County’s crop and livestock production reached almost $8.1 billion in 2022. One of California’s most fertile counties has a new most valuable crop. Here’s what it is