Oats

You can insure oats if:

• They are grown on insurable acreage;
• Premium rates are provided;
• You have a share; and
• They are planted for harvest as grain.

Illinois - Adams, Bureau, Carroll, Champaign, DeKalb, Douglas, Ford, Hancock, Henry, Iroquois, JoDaviess, Kane, Kankakee, LaSalle, Lake, Lee, Livingston, Logan, Mason, McHenry, McLean, Mercer, Ogle, Peoria, Stephenson, Will, Winnebago, and Woodford counties.

Indiana - Jay and Randolph counties.

Michigan - All counties, except: Baraga, Benzie, Berrien, Branch, Cass, Cheboygan, Crawford, Gogebic, Houghton, Keweenaw, Lake, Lenawee, Oakland, Oscoda, Roscommon, St. Joseph, and Wayne counties.

Ohio - Ashland, Ashtabula, Auglaize, Carroll, Clinton, Columbiana, Coshocton, Darke, Geauga, Guernsey, Hancock, Holmes, Huron, Jefferson, Knox, Lake, Licking, Logan, Mahoning, Marion, Medina, Mercer, Monroe, Morrow, Muskingum, Ottawa, Perry, Portage, Sandusky, Seneca, Shelby, Stark, Trumbull, Tuscarawas, Union, Wayne, and Wood counties.

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.

Coverage begins on the later of:

• The date we accept your application; or
• The date you plant the oats.

Coverage ends at the earliest of:

• Total destruction of the crop;
• Harvest of the crop;
• Final adjustment of a loss;
• Abandonment of the crop; or
• October 31, 2018.

• Sales Closing ………… March 15, 2018
• Cancellation Date ………… March 15, 2018
• Final Planting…………Varies by County
• End of Late Planting…………Varies by County
  
• Acreage Report………… July 15, 2018

Crop insurance premiums are subsidized as shown in the following table. Subsidy levels shown are the lowest available. Levels will vary based on individual policy selections. For example, if you select the 75 percent coverage level, the premium subsidy is 55 percent and your premium share is 45 percent of the base premium.

Actual Production History (APH) - You choose the amount of your average yield you wish to insure and the percent of the RMA established price. If your production falls below the yield insured, you are paid a loss.

Catastrophic Risk Protection Coverage (CAT) - Pays 50 percent of your average yield and 55 percent of the projected price. CAT has no premium but does have a $300 administrative fee per crop per county.

You may receive a replant payment if:

• It is practical to replant;
• The appraisal does not exceed 90 percent of your guarantee; and
• You replant at least 20 acres or 20 percent of the unit.

Replant payments are not available on CAT coverage.

Late Planting Period - If you choose to plant after the final planting date, the insurance guarantee is reduced by one percent for each day after the final planting date. After 25 days, the guarantee is 60 percent.

Prevented Planting - You may receive a prevented planting payment if you are unable to plant on or before the final planting date because of an insurable cause.

A loss occurs when actual crop production falls below the guaranteed bushel amount. This example assumes a 75 percent coverage level, a price election of $2.35, and an average yield of 60 bushels per acre with 0.667 share.