Pistachio Pilot

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.

The amount of insurance (guarantee) is determined from your production records. The coverage level and price election remain the same for each year in the two-year coverage period. Indemnity payments are calculated for each year individually. Approved yields are based on four to 10 years of production records and may need to be adjusted if found to be alternate bearing.

Growers can select a coverage level from 50 to 75 percent of their approved yield and 55 to 100 percent of the price election. Crop insurance premiums are subsidized as shown in the following table. For example, if you choose the 65 percent coverage level, your premium share would be 41 percent of the base premium.

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.

The price used to calculate your premium and indemnity.

Pistachios ......................................... $2.10 per pound

Assume 65 percent coverage, 100 percent price election of $2.10 per pound, an average yield of 2,400 pounds per acre, and 100 percent share.

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