Department of Agriculture
Risk Management Agency Fact Sheet
2018 Crop Year
Springfield Regional Office — Springfield,IL
January 2018
Popcorn
Excluding ARPI
Illinois, Indiana, Michigan, Ohio
- Crop Insured
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You can insure popcorn if:
- It is grown on insurable acreage;
- Premium rates are provided;
- You have a share;
- It is planted for harvest as popcorn; and
- It is grown under a processor contract.
- Counties Available
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Illinois - Bureau, Carroll, Christian, Clay, Edwards, Fayette, Grundy, Hamilton, Henry, Jasper, Lawrence, Marion, Mason, Montgomery, Ogle, Saline, Scott, Tazewell, Wayne, and White
counties.Indiana - Adams, Bartholomew, Benton, Blackford, Boone, Carroll, Cass, Clark, Clinton, Crawford, Daviess, Decatur, Delaware, Dubois, Floyd, Fountain, Fulton, Grant, Greene, Harrison, Henry, Huntington, Jasper, Jay, Jefferson, Knox, Kosciusko, La Porte, Lagrange, Madison, Miami, Pulaski, Randolph, Shelby, Spencer, St. Joseph, Starke, Sullivan, Tippecanoe, Tipton, Union, Vermillion, Vigo, Wabash, Warren, Washington, Wayne, Wells, and White counties.
Michigan - Branch, Calhoun, and St. Joseph counties.
Ohio - Allen, Auglaize, Champaign, Crawford, Defiance, Delaware, Erie, Hancock, Hardin, Henry, Huron, Knox, Licking, Logan, Madison, Mercer, Ottawa, Paulding, Pickaway, Portage, Putnam, Seneca, Van Wert, Wood, and Wyandot counties.
- Causes of Loss
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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
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Coverage begins on the later of:
- The date we accept your application; or
- The date you plant popcorn.
Insurance coverage ends with the earliest occurrence of one of the following:
- Total destruction of the crop;
- The date the crop should have been harvested;
- Abandonment of the crop;
- Final adjustment of a loss;
- The date the processor contract is fulfilled; or
- December 10, 2018.
- Important Dates
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- Sales Closing / Cancellation………… March 15, 2018
- Final Planting………… May 31, 2018
- End of Late Planting ………… June 25, 2018
- Acreage Report………… July, 2018
- Reporting Requirements
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You must report all of your popcorn acreage, production, and any losses, when evident, to your crop insurance agent.
- Coverage Levels and Premium Subsidies
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Crop insurance premiums are subsidized as shown in the following table.
Coverage Level .50 .55 .60 .65 .70 .75 .80 .85 Subsidy Factors Enterprise Unit .80 .80 .80 .80 .80 .77 .68 .53 Basic Unit .67 .64 .64 .59 .59 .55 .48 .38 Optional Unit .67 .64 .64 .59 .59 .55 .48 .38
- Projected and Harvest Prices
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Projected Price - Based on the Chicago Board of Trade December Corn Futures Contract from February 1, 2018 to February 28, 2018.
Harvest Price - Based on the Chicago Board of Trade December Corn Futures Contract from October 1, to October 31, 2018 for Illinois, Indiana, and Ohio. The Michigan price is based on the Chicago Board of Trade December Corn Futures Contract from November 1, to November 31, 2018.
- Coverage Options
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Yield Protection - Only protects against a production loss.
Revenue Protection - Protects against loss of revenue due to a production loss, change in price, or a combination of both.
Revenue Protection With Harvest Price Exclusion - Protects against loss of revenue due to a production loss, price decline, or a combination of both.
- Replanting and Prevented Planting
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Replant Provisions - 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.
Late Planting period - If you plant after the final planting date, the guarantee is reduced by one percent for each day after the final planting date, provided the processor will accept late-planted production. After 25 days, the guarantee is 60 percent.
Prevented Planting - You may receive a prevented planting payment if you cannot plant on or before the final planting date because of an insurable cause.
- Loss Example
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This example assumes 75 percent coverage level on a yield protection policy with an average yield of 4,000 lbs/acre and a 100 percent share on 50 acres. The projected price is 0.1968 per pound.
Yield Protection
4,000
APH yield pounds per acre
0.75 Coverage level
3,000 Pounds Guarantee
50
Acres 150,000 Pounds Guarantee
$0.1968
Projected Price
$29,520 Insurance Guarantee
1,750 Pounds per acre produced
50 Acres 87,500 Pounds Produced
$0.1968 Projected Price
$17,220 Value of Production
$29,520 Insurance Guarantee
$17,220 Value of Production
$12,300 Final Payment
- Where to Buy Crop Insurance
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You can buy a crop insurance policy from approved participating insurance agents. A list of crop insurance agents is available at all USDA service centers and on the RMA web site at Agent Locator.
Regional Office Visit
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3500 Wabash Ave.
Springfield, IL 62711-8287 - Phone: 217-241-6600
- Fax: 217-241-6618
- Email: rsoil@rma.usda.gov
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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
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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.