❕ACREAGE REPORTS are due JULY 15! All planted acres must be reported by this date❕
Provides area-based coverage for a portion of the deductible of your underlying policy, similar to the Supplemental Coverage Option (SCO), but at a higher coverage level. ECO is an optional endorsement to supplement your underlying policy.
Allows insureds to replace actual yields based on post-quality production in their APH databases with actual yields based on pre-quality total production. Replacement only applies when a Notice of Loss was timely filed and the crop had quality-adjusted production. Must be elected by Sales Closing Date.
An option that allows a single EU to span two contiguous counties but cannot cross state lines. One county must qualify for EU on its own, while the second county must NOT qualify for EU on its own. To qualify for EU, you must meet the 20/20 rule. Two or more sections of land where both sections have either 20 acres or more; or 20% of the practice’s acres in each section.Coverage elections must be identical on MCEU policies.
Allows for an Enterprise Unit (EU) for one practice and Optional Unit (OU) or Basic Unit (BU) for the other practice OR EU for both practices.
WHEN IT DOES NOT QUALIFY FOR EP:
If defaulting to BU/OU, it would be applied to BOTH practices.
*If it would qualify
YOU MUST NOTIFY US PRIOR TO REPLANTING!!
Now requires you to replant THROUGH the 10th day after FPD (Final Plant Date)
+ 5% is now the only prevented planting option;
NEW BREAKING is defined by RMA as:
NEW BREAKING REMINDERS:
NATIVE SOD is defined by RMA as:
NATIVE SOD REMINDERS:
5% Tolerance Calculation on actual yields.
*If Yield Tolerance Not Met – if any actual yield is found to be overstated by > 5%, then not eligible for the exception for that crop year and Assigned Yield procedures apply. This will impact ALL databases with acres that year, not just the database that exceeded the limit. Loss of all optional units across all databases of that crop.
*Not Subject to Tolerance – If insured can prove that at the time of the production report they did report according to acceptable records, but at the time of the review more accurate records were used, then they won’t be subject to yield tolerance rules. Example – production originally reported from bin measurement, but settlement sheet was used at time of the review.