H.R.3107 - Crop Risk Options Plan Act of 2011

To amend the Federal Crop Insurance Act to provide producers with the opportunity to purchase crop insurance coverage based on both an individual yield and loss basis and an area yield and loss basis in order to allow producers to cover all or a portion of their deductible under the individual yield and loss policy, to improve the accuracy of actual production history determinations, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Federal Crop Insurance Act to provide producers with the opportunity to purchase crop insurance coverage based on both an individual yield and loss basis and an area yield and loss basis in order to allow producers to cover all or a portion of their deductible under the individual yield and loss policy, to improve the accuracy of actual production history determinations, and for other purposes. as introduced.
  • Short: Crop Risk Options Plan Act of 2011 as introduced.

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Introduced
 
House
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Senate
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President
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10/05/11
 
 
 
 
 
 
 

Official Summary

Crop Risk Options Plan Act of 2011 - Amends the Federal Crop Insurance Act to: (1) provide an agricultural producer with the option of purchasing additional crop insurance coverage (total coverage option) based on an area yield and loss basis instead of an individual yield and loss basis, (

Official Summary

Crop Risk Options Plan Act of 2011 - Amends the Federal Crop Insurance Act to:
(1) provide an agricultural producer with the option of purchasing additional crop insurance coverage (total coverage option) based on an area yield and loss basis instead of an individual yield and loss basis,
(2) trigger additional coverage when area losses reach 10% of normal levels,
(3) limit indemnities to the amount of the deductible under the underlying individual policy, and
(4) set premium subsidies for the additional coverage at not less than 60%. Revises actual production history deteminations from a 10-year average to a 7-year average with the highest and lowest production year dropped from the average.

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