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Farm Profile 9
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5 Year History of Allowable Annual Incomes/Sales (2000 - 2004)
| 2000 |
A = $ |
| 2001 |
B = $ |
| 2002 |
C = $ |
| 2003 |
D = $ |
| 2004 |
E = $ |
| 5-Year
Average: |
F = (A+B+C+D+E) / 5 |
Expected Revenue for the Insurance Year - Expected Income and Insurable Revenue
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Product |
Expected Income
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Insurable Revenue
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Note
Insurable revenue includes income from all agricultural commodity sales excluding value-added, including costs and value of post production operations.
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| Total |
G = $ |
H = $ |
Premium Estimation - Use the Premium Calculator
This farm has an Approved Adjusted Gross Revenue of "H" from the Expected Revenue Table.
Coverage Level |
Payment Rate |
Liability
($) |
Total Premium ($) |
Premium Subsidy (%) |
Premium Subsidy ($) |
Farmer Premium ($) |
Premium as Percent of Liability (%) |
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65% |
75%
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I = H x 65% x 75% |
O |
59%
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O x 59% |
O x (I-59%) |
O x (1-59%)/I |
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65% |
90% |
J = H x 65% x 90% |
P |
59% |
P x 59% |
P x (I-59%) |
P x (1-59%)/J |
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75% |
75% |
K = H x 75% x 75% |
Q |
55% |
Q x 55% |
Q x (1-55%) |
Q x (1-55%)/K |
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75% |
90% |
L = H x 75% x 90% |
R |
55% |
R x 55% |
R x (1-55%) |
R x (1-55%)/L |
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| 80% |
75% |
M = H x 80% x 75% |
S |
48% |
S x 48% |
S x (1-48%) |
S x (1-48%)/M |
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| 80% |
90% |
N = H x 80% x 90% |
T |
48% |
T x 48% |
T x (1-48%) |
T x (1-48%)/N |
Loss and Payment Scenario
Assume at the end of the insurance year the farm realized a total allowable revenue of $U dollars.
The farm has an AGR-Lite policy of V% (V=65, 75 or 80) coverage and W% (W=75 or 90%) payment rate.
- Approved Adjusted Gross Revenue is $H dollars (from the Expected Revenue table)
- Coverage Level V% (or loss/payment trigger) = $H * V% = $X dollars
- Actual Allowable Revenue = $U dollars
- Difference between coverage level and revenue realized = $X - $U = $Y dollars
- Payment Rate W%
- Insurance Payout = $Y* W% = $Z
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