Rice

Rice planted for harvest as grain is insurable if:

• Premium rates are provided by the actuarial documents or by written agreement;
• You have a share; and
• It is flood irrigated.

Wild rice is not insurable.

Rice is insurable in Butte, Colusa, Fresno, Glenn, Merced, Placer, Sacramento, San Joaquin, Stanislaus, Sutter, Tehama, Yolo, and Yuba counties. Rice in other counties may be insurable by written agreement if specific criteria are met. Contact an insurance agent for more details.

You are protected against the following:

• Adverse weather conditions;
• Earthquake;
• Failure of irrigation water supply, if caused by an insured peril during the insurance year;
• Fire;
• Insects or plant disease, but not damage due to insufficient or improper application of control measures; or
• Wildlife.

Insurance coverage begins when the crop is planted and ends no later than the following October 31.

Sales Closing/Cancellation………… February 28, 2016

Acreage Reporting………… July 15, 2016

Premium Billing………… August 15, 2016

Termination………… February 28, 2017

Protection - Insurance coverage providing protection only against a production loss.

Revenue Protection - Insurance coverage providing protection against loss of revenue due to a production loss, price decline/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.

Margin Protection - Insurance coverage providing protection against an unexpected decrease in your operating margin (revenue less input costs). Margin Protection is area-based, using county-level estimates of average revenue and input costs to establish the amount of coverage and indemnity payments.

The unit of measure for production is pounds of rough, whole-kernel, and milled weight. Individual insurance amounts are based on your production history. An insurance agent calculates your approved average yield from four to 10 years of production records. You can choose a coverage level from 50 to 85 percent of your approved average yield. 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.

Assume 75 percent coverage level, an average yield of 8,000 pounds per acre, a projected price of $1.35 per pound, and 100 percent share.

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

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