Tropical Fruit Pilot - Banana

All banana fruit is insurable if:

• Grown for fresh market;
• You have a share;
• A premium rate is provided by the actuarial documents;
• Grown to produce a crop intended to be sold for human consumption;
• Insurance company inspects and approves the orchard; and
• It is set out prior to June 1 of each crop year. Banana tree age will be determined on May 31 according to the following table.

You are protected against the following:

• Adverse weather conditions;
• Destruction of trees, if authorized by the insurance provider to contain the spread of disease;
• Disease, but not damage due to insufficient or improper application of control measures;
• Earthquake;
• Fire due to natural causes, unless weeds and undergrowth are not controlled;
• Insects or plant disease, but not damage due to insufficient or improper application of control measures;
• Tsunami;
• Volcanic eruption; or
• Wildlife, unless recommended wildlife control measures have not been taken.

Insurance begins June 1 for carry-over policies and 30 days after we receive your application for new policies, but no earlier than June 1. The insurance period ends with the earliest occurrence of one of the following:

• May 31 of the following crop year; or
• Our determination of the total destruction of insured crop on the unit.

Catastrophic Risk Protection (CAT) coverage is fixed at 50 percent of your approved yield and 55 percent of the price election. CAT is 100 percent subsidized with no premium cost to you. There is, however, an administrative fee of $300 per crop per county, regardless of the acreage.

Assume 65 percent coverage,100 percent price election of $0.735 per pound, an average yield of 16,000 pounds per acre, and 100 percent share in the county.

Price used above is for example only. Contact a crop insurance agent for current information.