1.  
United States
Department of Agriculture

Risk Management Agency Fact Sheet

2017 Crop Year

Spokane Regional Office — Spokane,WA

February 2017

Soybeans

Oregon,  Washington

Crop Insured

All soybeans grown in the county on insurable acreage are insurable if:

  • Premium rates are provided;
  • You have a share; and
  • They are planted for harvest as beans.
Counties Available
Oregon - Umatilla County.
Washington - Walla Walla County.
Insurance may be offered by written agreement for other
counties. Contact a crop insurance agent for more details.
Causes of Loss

You are protected against the following:

  • Adverse weather;
  • Earthquake;
  • Failure of irrigation water supply;
  • Fire;
  • Insect damage and/or plant disease; unless you have insufficiently or improperly applied pest or disease control measures;
  • Volcanic eruption; or
  • Wildlife.
Insurance Period

Coverage begins the later of the date we accept your application or the date when the soybeans are planted. Insurance coverage ends with the earliest occurrence of one of the following:

  • Total destruction of the crop
  • Harvest of the unit
  • Final adjustment of a loss;
  • Abandonment of the crop; or
  • December 10.
Important Dates
Sales Closing ......................................... March 15, 2017
Final Planting Date ....................... See County Actuarial
Acreage Report Date ................................. July 15, 2017
Reporting Requirements
Acreage Report - You must report to your crop insurance agent all of the acreage in which you have a share (your share at the time insurance begins), reporting the crop by type and practice.
Coverage Levels
Soybeans may be insured at the coverage levels shown in the table. Crop insurance premiums are subsidized as shown. For example, if you select the 75-percent coverage level, your coverage will be 75 percent of your approved actual production history (APH) yield, the premium subsidy is 55 percent and your premium share is 45 percent of the base premium.
Item Percent
Coverage Level
 50 55 60 65 70 75 80 85
Premium Subsidy
 67 64 64 59 59 55 48 38
Your Premium Share
 33 36 36 41 41 45 52 62
Coverage Options
One policy provides the choice of three plans.
Yield Protection - Insurance cover age only providing protection against a production loss.
Revenue Protection - Insurance cover age providing protection against loss of revenue due to a production loss, price decline or increase, or a combination of both.
Revenue Protection with Harvest Price Exclusion - Insurance coverage providing protection only against loss of revenue due to a production loss, price decline, or a combination of both.
Projected and Harvest Price
Commodity Exchange Price Provisions - Contains information necessary to derive the projected price and the harvest price for the insured crop, as applicable.
Information includes the price discovery period, release dates, boards of trade used, and additional pricing information. Available at your crop insurance agent’s office and on the Agent Locator Page.
Projected Price - Used to calculate the premium, replant payment, and any prevented planting payment.
Harvest Price - Used to value production-to-count under the Revenue Protection Plan and the Revenue Protection with Harvest Price Exclusion insurance plans.
Production Guarantees
Yield Protection Guarantee - Multiply the production guarantee by the projected price. The harvest price is not used.
Revenue Protection Guarantee - Multiply the production guarantee (per acre) by the greater of the projected price or the harvest price.
Revenue Protection with Harvest Price Exclusion Guarantee - Multiply the production guarantee (per acre) by the projected price.
Prevented Planting
Your prevented planting coverage is 60 percent of your production guarantee for timely planted acreage. If you have limited or additional levels of coverage and pay an additional premium, you may increase your prevented planting coverage to a level specified in the actuarial documents.
Replanting
Catastrophic Risk Protection (CAT) Coverage is $300 per crop per county. Additional coverage is $30 per crop per county.
Loss Example
Assume 100-percent share, 40 bushels per acre APH yield, 75-percent coverage level, 100-percent of the projected price, and basic unit coverage.
40 Bushels per acre APH yield
0.75 Coverage level
30.0 Bushel guarantee
20.0 Bushel per acre actually produced
10.0 Bushels per acre loss
$8.85 Price Election
$88.50 Indemnity per acre

 

Where to Buy Crop Insurance
All multi-peril crop insurance, including CAT policies, are available from private crop insurance agents. A list of crop insurance agents is available at all USDA service centers and on the RMA website at Agent Locator. 

  Regional Office Visit

  • 11707 E Sprague Ave
    Suite 304
    Spokane, WA 99206-6125
  • Phone: 509-228-6320
  • Fax: 509-228-6320
  • Email: rsowa@rma.usda.gov
This fact sheet gives only a general overview of the crop insurance program and is not a complete policy. For further information and an evaluation of your risk management needs, contact a crop insurance agent
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or a part of an individual’s income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202-720-2600 (voice and TDD). To file a complaint of discrimination, complete, sign and mail a program discrimination complaint form, (available at any USDA office location or online at www.ascr.usda.gov), to: United States Department of Agriculture; Office of the Assistant Secretary for Civil Rights; 1400 Independence Ave., SW; Washington, DC 20250-9410. Or call toll free at (866) 632- 9992 (voice) to obtain additional information, the appropriate office or to request documents. Individuals who are deaf, hard of hearing, or have speech disabilities may contact USDA through the Federal Relay service at (800) 877-8339 or (800) 845-6136.