How to Use the Cost Estimator On the RMA website

31
How to Use the Cost Estimator On the RMA website New York State Dept. of Agriculture & Markets Risk Management Agency This institution is an equal opportunity provider.

description

New York State Dept. of Agriculture & Markets. Risk Management Agency. This institution is an equal opportunity provider. How to Use the Cost Estimator On the RMA website. www.rma.usda.gov/. Select Crop : “ Corn ”. Select Type: “ Grain ”. Select “ Non Irrigated ”. - PowerPoint PPT Presentation

Transcript of How to Use the Cost Estimator On the RMA website

Page 1: How to Use the Cost Estimator On the RMA website

How to Use the Cost EstimatorOn the RMA website

New York State Dept. of Agriculture &

Markets

Risk Management AgencyThis institution is an

equal opportunity provider.

Page 2: How to Use the Cost Estimator On the RMA website

www.rma.usda.gov/

Page 3: How to Use the Cost Estimator On the RMA website
Page 4: How to Use the Cost Estimator On the RMA website
Page 5: How to Use the Cost Estimator On the RMA website
Page 6: How to Use the Cost Estimator On the RMA website
Page 7: How to Use the Cost Estimator On the RMA website
Page 8: How to Use the Cost Estimator On the RMA website
Page 9: How to Use the Cost Estimator On the RMA website
Page 10: How to Use the Cost Estimator On the RMA website
Page 11: How to Use the Cost Estimator On the RMA website
Page 12: How to Use the Cost Estimator On the RMA website

Select Crop: “Corn”

Select Type: “Grain”

Select “Non Irrigated”

Page 13: How to Use the Cost Estimator On the RMA website

Type # of Acres: “100”

Was it Prevented from Planting? “No”

Under Multiple Cropping?“No”

Page 14: How to Use the Cost Estimator On the RMA website

Producer’s Share of Crop – “1.000”

APH – Yield History – “120 Bu/Acre”

Use same figure for Rate Yield

Unit Structure – “Optional”

Page 15: How to Use the Cost Estimator On the RMA website
Page 16: How to Use the Cost Estimator On the RMA website
Page 17: How to Use the Cost Estimator On the RMA website
Page 18: How to Use the Cost Estimator On the RMA website

Make the information the same except “Unit Structure”Change to “Basic”

Page 19: How to Use the Cost Estimator On the RMA website
Page 20: How to Use the Cost Estimator On the RMA website
Page 21: How to Use the Cost Estimator On the RMA website
Page 22: How to Use the Cost Estimator On the RMA website
Page 23: How to Use the Cost Estimator On the RMA website
Page 24: How to Use the Cost Estimator On the RMA website

A Basic Unit includes all

insurable acreage of the insured crop in the county on the date coverage begins for the crop year, in which you have 100% crop share or which is owned by one person and operated by another person on a share basis.

Page 25: How to Use the Cost Estimator On the RMA website

An Optional Unit is a subset of a Basic Unit.

A Basic Unit may be divided into Optional Units if any of the following are true:Acreage of the insured crop in a county:

•Spans two or more FSA Farm Serial Numbers (FSN) or Sectional Equivalent Units.

•Is grown on both irrigated and non-irrigated acreage.

•Is grown with a combination of organic and conventional.

Optional units are not available for crops insured under Catastrophic (CAT) Risk Protection.

Page 26: How to Use the Cost Estimator On the RMA website

http://www.nrcs.usda.gov/wps/PA_NRCSConsumption/download?cid=stelprdb1241229&ext=pdf

26

Page 27: How to Use the Cost Estimator On the RMA website

Cover Crop Termination Zones

Map produced by NRCSDecember 2013

Page 28: How to Use the Cost Estimator On the RMA website

Is last year’sRisk Management Plan adequate to manage

this year’s risks?

Risk Management Check Up

(Increasing Input Costs, Prices & Weather Volatility) Individual farm details available from crop ins. agents,

list available at: www3.rma.usda.gov/apps/agents/

Page 29: How to Use the Cost Estimator On the RMA website

How Good is Your Risk Management Plan?

Protection is Available for Almost All Crops and Some Livestock Production!

• Crop Insurance Protection-is available:➟ Individual Crop Policies- available for many

crops➟ Producers with 3 years of production

history may import policies not generally available in the area

➟ Whole farm gross revenue protection

• Non-insured Crop Assistance Protection is available for almost all non-insurable crops

• Other benefit programs may also be available from FSA

Producers can be assured of a pay day(Production sales &/or USDA protection benefits

Page 30: How to Use the Cost Estimator On the RMA website

Additional Information can be found at:

USDA Risk Management Agency (RMA) This institution is an equal opportunity provider.

www.rma.usda.gov

To find a crop insurance agent, go to: www.rma.usda.gov/tools/agent.html to use the agent/company locator tool.

NYS Department of Agriculture and Markets

Crop Insurance and Risk Management Educationhttp://www.agriculture.ny.gov/AP/CropInsurance.html1-800-554-4501

Page 31: How to Use the Cost Estimator On the RMA website

The alternative to having crop insurance.