Copyright © Philip M. Parker, INSEAD. Terms of Use.
| Domain | Definition |
Agriculture | A component of the federal crop insurance program, authorized by the Federal Crop Insurance Reform Act of 1994, that compensates farmers for crop yield losses exceeding 50% of their average historical yield at a payment rate of 60% of the projected season average market price. CAT coverage requires that a farmer realize a yield loss of more than 50% and only makes payments on losses exceeding the 50-percent threshold. Producers pay no premium for CAT coverage, but except for cases of financial hardship must pay an administrative fee of $50 per crop, up to a maximum of $200 per county and $600 in total (across all counties) for CAT protection. Under the Reform Act of 1994 producers were required to obtain coverage at the CAT (or higher) level for crops of economic significance (accounting for 10% or more of their farm's crop production value) in order to be eligible for various other USDA program benefits. The FAIR Act of 1996 relaxed this requirement. A producer has the ability to purchase additional insurance coverage beyond CAT coverage, but must pay a premium, partially subsidized by the government, for that additional coverage. (CAT). (references) |
Source: compiled by the editor from various references; see credits. | |
Crosswords: CATASTROPHIC CROP INSURANCE |
| Specialty definitions using "CATASTROPHIC CROP INSURANCE": Noninsured Assistance Program. (references) |
Hexadecimal (or equivalents, 770AD-1900s) (references)43 41 54 41 53 54 52 4F 50 48 49 43 43 52 4F 50 49 4E 53 55 52 41 4E 43 45 |
| Leonardo da Vinci (1452-1519; backwards) (references)
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Binary Code (1918-1938, probably earlier) (references)01000011 01000001 01010100 01000001 01010011 01010100 01010010 01001111 01010000 01001000 01001001 01000011 00100000 01000011 01010010 01001111 01010000 00100000 01001001 01001110 01010011 01010101 01010010 01000001 01001110 01000011 01000101 |
HTML Code (1990) (references)C A T A S T R O P H I C   C R O P   I N S U R A N C E |
ISO 10646 (1991-1993) (references)0043 0041 0054 0041 0053 0054 0052 004F 0050 0048 0049 0043 0043 0052 004F 0050 0049 004E 0053 0055 0052 0041 004E 0043 0045 |
Encryption (beginner's substitution cypher): (references)3735543553545249504243372375249502434853555235483739 |
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Copyright © Philip M. Parker, INSEAD. Terms of Use.
