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.

You are protected against the following:

• Adverse weather conditions such as hail, frost, freeze, wind, drought, and excess moisture;
• Failure of irrigation water supply, if caused by an insured cause of loss during the insurance period;
• Fire, if due to natural causes;
• Insects and plant disease, but not damage due to insufficient or improper application of pest or disease control measures; or
• Wildlife.

Insurance coverage begins on the later of:

• Date we accept your application; or
• Date the oats are planted.

Insurance coverage ends at the earliest of:

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

• Sales Closing / Cancellation Date………… March 15, 2018
• Final Planting………… Varies by county, 2018
• End of Late Planting Period ………… Varies by county, 2018
• Acreage Reporting………… July 15, 2018
• Premium Billing………… August 15, 2018
• Production Reporting………… April 29, 2019

Crop insurance premiums are subsidized as shown in the following table. 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.

A price election is the price you are paid per bushel if you have a loss. This is based on the percentage of established price you chose.

Established price .............................. $2.35 per bushel
Organic (Certified) ........................... $4.55 per bushel

Basic Unit (BU) - A basic unit includes all of your insurable oat acreage in the county by share arrangement. Premium discounts apply.

Optional Unit (OU) - If a basic unit consists of land in two or more sections, and certain record keeping requirements are met, you may apply for optional units by section.

Actual Production History (APH) - Your production guarantee is based on your yield history. You have a loss when your production falls below your production guarantee.

Catastrophic Coverage (CAT) - Covers 50 percent of your APH yield and 55 percent of the projected price.

Supplemental Coverage Option (SCO) - Provides additional coverage for a portion of your underlying crop insurance policy deductible.

APH Yield Exclusion Option - Allows you to exclude actual yields from your APH for select counties, and contiguous counties, in years that had an average county yield of at least 50 percent below the average county yield of the ten previous crop years. Available with CAT or buy-up policies.

You may receive a replanting 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.

It will be considered practical to replant on or before the tenth day after the final planting date unless the insurance company determines otherwise. Replanting payments are not available on acreage initially planted before the earliest planting date or on CAT policies.

Late Planting Period - Begins the day after the final planting date and ends 25 days after the final planting date. Your insurance guarantee will be reduced by one percent per day for each day planted after the final planting date. After 25 days, your prevented planting coverage will be 60 percent of your insurance guarantee for timely planted acreage. You may purchase additional prevented planting coverage.

Prevented Planting - You may receive a prevented planting payment if you are unable to plant on or before the final planting date or within any applicable late planting period because of an insurable cause. Additional prevented planting coverage is not available on CAT policies.

This example assumes a 80 bushels per acre APH yield, 75 percent coverage level, 100 percent of the established price, and basic unit coverage.