TEXAS INCOME PROTECTION FACTS

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TEXAS
INCOME PROTECTION FACTS
INSURANCE PROTECTION
Insures against loss in revenue due to insured multiple perils.
UNIT STRUCTURE
Enterprise Unit is all insurable acreage of the crop in the county in which you have a share on
the date coverage begins.
COVERAGE LEVEL ELECTION
50% level through 75% level.
NOTE: An administrative fee of $50.00 applies to policies with a level election of 50, 55, & 60
percent, and a $10.00 administrative fee applies to policies with a level election of 65, 70, & 75
percent. Catastrophic Coverage (CAT) is available. An administrative fee of $50 for CAT per
crop, not to exceed $200.00 for the county or $600.00 per farmer for multi-county producers.
PRICE ELECTION
Projected Price and Harvest Price (100% of policy defined average commodity contract price
traded on the Commodity Exchange as defined in the policy provisions.)
GUARANTEE
APH Yield X Projected Price X Level Election
Based on APH yield multiplied by projected price (spring commodity price).
RATING
New rating model incorporating yield and price variability.
LATE AND PREVENTED PLANTING
These provisions provide protection on acreage that is planted late or that cannot be planted by
the final planting date or within the 25 day late-planting period. Please consult your crop
insurance agent to determine eligibility factors.
CROP/COUNTY AVAILABLE
Grain Sorghum - Armstrong, Bailey, Carson, Castro, Cochran, Dallam, Deaf Smith, Gray, Hale,
Hansford, Hartley, Hockley, Hutchinson, Lamb, Moore, Ochiltree, Oldham, Parmer, Potter,
Randall, Runnels, Sherman, Swisher, Terry, Yoakum.
92B1 Basic Policy Provisions
Acknowledgment of Differences
POLICY PROVISIONS
Income Protection “Specified Crop” Provisions
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