Loss Line Record - Type 21 - Calculations

June 28, 2007

Exhibit 21-10

FCIC-Appendix III

ROUNDING FOR LOSS GUARANTEE AND INDEMNITY CALCULATIONS
Note 1:

Round to nearest whole pound, nearest hundredth for tonnage crops, or
nearest tenth for other units of measure.

Note 2:

Round to nearest tenth for barrels or tons or nearest whole number for
other units of measure.

Note 3:

Round to nearest tenth.

Note 4:

Round to nearest whole dollar.

Note 5:

Round to nearest dollar and cents.

Note 6:

Round to nearest hundredth for Tobacco and Raisins and
to the nearest tenth for all other crops.

Note 7:

Round to nearest thousandth (.xxx).

FCIC-APPENDIX III

Page 1

RY 2008

June 28, 2007

Exhibit 21 -10

FCIC-Appendix III

Type 21 - Replant Calculations
Edit Description

REPLANT CALCULATIONS
Barley, Cabbage, Canola, Corn (Grain & Silage),
Dry Beans, Grain Sorghum, Mustard, Onions, Silage Sorghum, Soybeans, Sugar Beets,
Sunflowers, Tomatoes (Processing) & Wheat (Including CRC, IP & RA-Plan Codes 44, 42, & 25)
Stage Guarantee Per Acre
Stage Guarantee Per Acre <= Max Stage Guarantee Per Acre
Max Stage Guarantee Per Acre =
The lesser of:
Insured=s Actual Cost
- or 0.20 * Guarantee per Acre (0.10 * Guarantee Per Acre for Dry Beans & Sugar Beets,
0.07 * Guarantee Per Acre for Onions)
- or Crop Maximum Stage Guarantee
Guarantee per Acre = Yield * Coverage Level
(Note 1)
(Note 2)

Guarantee per Acre = Guarantee per Acre * Guarantee Reduction Factor
(Note 1)

Loss Guarantee
Loss Guarantee = Stage Guarantee Per Acre * Determined Acres * Liability Adjustment Factor
(Note 2)
(Note 1)
(Note 3)

Farm Unit Deficiency
Farm Unit Deficiency = Loss Guarantee
(Note 1)
(Note 2)

Indemnity (Replant Payment)
Indemnity = Farm Unit Deficiency * Price Election * Insured Share * MIF
(Note 4)
(Note 1)

Note: The Cabbage fresh-market price election will be used in counties with fresh and processing practices.
MIF = Misreported Information Factor
(field 78 on 21 record)

CEO coverage level does NOT apply to replanted acreage

FCIC-APPENDIX III

Page 2

RY 2008

June 28, 2007

Exhibit 21 -10

FCIC-Appendix III

Type 21 - Replant Calculations
Edit Description

REPLANT CALCULATIONS
Popcorn, Rice & Tomatoes (Fresh Market - Guaranteed Production)

Stage Guarantee Per Acre
Stage Guarantee Per Acre <= Max Stage Guarantee Per Acre
Max Stage Guarantee Per Acre =
The lesser of:
Actual cost per acre of Replanting converted to unit of measure for crop
- or Crop Maximum Stage Guarantee

Loss Guarantee
Loss Guarantee = Stage Guarantee Per Acre * Determined Acres * Liability Adjustment Factor
(Note 2)
(Note 1)
(Note 3)

Farm Unit Deficiency
Farm Unit Deficiency = Loss Guarantee
(Note 1)
(Note 2)

Indemnity (Replant Payment)
Indemnity = Farm Unit Deficiency * Price Election * Insured Share * MIF
(Note 4)
(Note 1)

Note: CEO coverage level do NOT apply to replanted acreage.

FCIC-APPENDIX III

Page 3

RY 2008

June 28, 2007

Exhibit 21 -10

FCIC-Appendix III

Type 21 - Replant Calculations
Edit Description

REPLANT CALCULATIONS
Forage Seeding, Peanuts, Peppers, Sweet Corn & Tomatoes (Fresh Market - Dollar Plan)
Stage Guarantee Per Acre
Stage Guarantee Per Acre <= Max Stage Guarantee Per Acre
Max Stage Guarantee Per Acre =
The lesser of:
Actual Dollar Cost per acre of Replanting
- or Crop Maximum Stage Guarantee

For Peanuts Max Stage Guarantee Per Acre =
The lesser of:
20% of the GPA * Price Election or Weighted Average Price (if Multiple Prices)
-orCrop Maximum Stage Guarantee

Loss Guarantee
Loss Guarantee = Stage Guarantee Per Acre * Determined Acres * Liability Adjustment Factor
(Note 4)
(Note 5)
(Note 3)

Farm Unit Deficiency
Farm Unit Deficiency = Loss Guarantee
(Note 4)
(Note 4)

Indemnity (Replant Payment)
Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)

FCIC-APPENDIX III

Page 4

RY 2008

June 28, 2007

Exhibit 21 -10

FCIC-Appendix III

Type 21 - Replant Calculations
Edit Description

Field Name

Field
Number
24

Picture

Rounding

Description

9(08)V9(02)

Unit of measure for crop.

Internal

9(06)V9(02)

Unit of measure for crop.

Guarantee Per Acre
Crop Maximum
Stage Guarantee Per
Acre
Yield

Internal
Table

9(06)V9(02)
9(06)V9(02)

Unit of measure for crop.
None

This is the Stage Guarantee Per
Acre reported by the company.
This is the Maximum Stage
Guarantee per acre, based upon the
limitations by crop and the
calculated .20 * guarantee per acre.
(0.10 * Guarantee per acre for Dry
Beans & Sugar Beets)
This is the stage guarantee per acre.
This is the stated maximum limit for
the current crop.

54

9(08)V9(02)

None

Coverage Level

56

9(01)V9(04)

None

Guarantee
Reduction Factor

47

V9(03)

Round to 3 places

Loss Guarantee

28

9(08)V9(02)

Unit of measure for crop.

Determined Acres

25

9(06)V9(02)

Nearest 1/10 acre.

Liability Adjustment
Factor
Indemnity

49

9(01)V9(06)

Rounded to 6 places.

40

S9(10)

Nearest Dollar

Farm Unit
Deficiency
Price Election
Insured Share

37

S9(08)V9(02)

None

57
38

9(04)V9(04)
9(01)V9(03)

None
None

MIF

78

V9(03)

Round to 3 places

Stage Guarantee Per
Acre
Max Stage
Guarantee Per Acre

FCIC-APPENDIX III

Page 5

This is the Yield reported by the
company.
This is the coverage level reported
by the company.
This is the Guarantee Reduction
Factor for Late Planting. See
Exhibit 11-1.
This is the Loss Guarantee reported
by the company.
Replanted acres must meet the
minimum for the crop.
This is the Liability Adjustment
Factor reported by the company.
This is the amount of indemnity due
to the producer.
This is the Farm Unit Deficiency
reported by the company.
Applicable price for the crop.
This is the insured share reported by
the company. If field 23 (100%
Replant Payment flag) is = ‘Y’, this
will be the share the producer is
entitled (up to 100% of the replant
cost).
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Raisin Reconditioning Calculations
Edit Description

RAISIN RECONDITIONING PAYMENT CALCULATIONS
The Following Calculations Must Match The Calculations On The “FCI-63” Claim For
Raisin Indemnity Form.

Stage Guarantee Per Acre
Stage Guarantee Per Acre = Allowable Reconditioning Dollar Amount Per Ton
(item 24, FCI-63)

Determined Acres = Tons of Raisins Reconditioned (item 23, FCI-63)

Indemnity (Raisin Reconditioning Payment)
Indemnity (item 25, FCI-63) = Stage Guarantee Per Acre * Determined Acres * Insured Share
(Note 4)

FCIC-APPENDIX III

Page 6

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

APH Crops
(Ins Plans 90, 92, 96)
Alfalfa Seed (0107)
Banana (0255)
Cabbage (0072)
Corn (0041)
Dry Beans (0047)
Forage Prod (0033)
Green Peas (0064)
Mustard (0069)
Peaches (0034)
Popcorn (0043)
Rye (0094)
Stonefruit **
Sweet Corn (C&F) (0042)
Tobacco (0230)
Tobacco (0234)
Walnuts (0029)

Almonds (0028)
Barley (0091)
Canola (0015)
Cotton (0021)
Dry Peas (0067)
Fr. Market Tomatoes (0086)
Mac Nuts (0023)
Oats (0016)
Peanuts (0075)
Potatoes (0084)
Safflowers (0049)
Sugar Beets (0039)
Sweet Potatoes (0085)***
Tobacco (0231)
Tobacco (0235)
Wheat (0011)

Apples (0054)
Avocados – FL (0019)
Proc Beans (0046)
Blueberries (0012)
Citrus Fruit (AZ, CA, TX) Coffee (0256)
ELS Cotton (0022)
Cranberries (0058)
Figs (0060)
Flax (0031)
Grain Sorghum (0051)
Grapes (0053)
Millet (0017)
Mint (0074)
Onions (0013)
Papaya (0257)
Pears (0089)
Plums (0092)
Prunes (0036)
Rice (0018)
Silage Sorghum (0059)
Soybeans (0081)
Sugarcane (0038)
Sunflowers (0078)
Table Grapes (0052)
Tobacco (0229)
Tobacco (0232)
Tobacco (0233)
Tobacco (0236)
Tomatoes (0087)
Wild Rice (0055)

MULTI CROPPING LIMITATIONS APPLY TO THESE PLANS
** See Exhibit 11-2 for applicable crops and code.

CEO coverage level do NOT apply to prevented planting acreage.
***For Harvested Acreage only submit one line
For Harvested & Unharvested acreage submit two lines.
STAGE GUARANTEE
Stage
Historical
Stage Guarantee Per Acre = Yield * Coverage Level = Stage Guarantee * Percent Factor * Packout Factor
(Note 1)
(Note2)
(Field 83 on 11 rec)
Stage Guarantee Per Acre = Stage Guarantee Per Acre * Guarantee Reduction Factor
(Note 1)

For Cabbage (except processing) and Hawaii Tropical Fruit
with the 125% Acreage Limitation; then:
Stage Guarantee Per Acre = (Yield * Coverage Level) * Yield Conversion Factor
(Note 1)
(Note 1)
(From Type 11 Record)
(Round to 3 decimals)

LOSS GUARANTEE
Loss Guarantee = Stage Guarantee Per Acre * Determined Acres * Liability Adjust Factor
(Note 2)
(Note 1)
(Note 6)

FCIC-APPENDIX III

Page 7

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

PRELIMINARY INDEMNITY
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 2)
(Note 2)
Note: For Peanuts with Multiple Prices, production to count is applied to the highest price first and continues in
decreasing order through the lowest price based on the amount of peanuts insured at each price.
Stage Price
Preliminary Indemnity = Farm Unit Deficiency * Price Election Unit * Percent Factor * Insured * MIF Factor
(Note 4)
(Note 2)
(See Ex 21-8) Share
Note: For Peanuts Multiple Prices Elections may be applicable
Note: For Peanut Prevented Planting losses, the Price Election is a Weighted Average Price if Multiple Prices are
applicable.
Note: If crop code is Millet (0017) and Stage Code = “UH”
then Preliminary Indemnity = Above Calculation * .70 (30% reduction)
(on 21 rec)
If crop code is Millet (0017) and Stage Code = “US”
then Preliminary Indemnity = Above Calculation * .85 (15% reduction)
(on 21 rec)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)
(.35)

IF CE OPTION SELECTED:
CEO Indemnity Factor = CEO Coverage Level/ MPCI Coverage Level
Indemnity = MPCI Indemnity * CEO Indemnity Factor

MIF = Misreported Information Factor
(field 78 on 21 record)

FCIC-APPENDIX III

Page 8

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Field
Number
28

Picture

Rounding

Description

9(08)V9(02)

Stage Guarantee Per
Acre

24

9(08)V9(02)

This is the Loss Guarantee reported
by the company.
Stage guarantee per acre reported
by the company.

Yield

54

9(08)V9(02)

Coverage Level
Stage Percent Factor

56
Internal

9(01)V9(04)
V9(02)

Unit of measure for the
crop.
Unit of measure for the
crop. See Exhibits 99a and
99b.
Nearest tenth for barrels or
tons, nearest whole number
for other units of measure.
None
None

Guarantee
Reduction Factor

47

V9(03)

Round to three places.

Determined Acres

25

9(06)V9(02)

To the tenth.

Liability Adjustment
Factor
Production to Count

49

9(01)V9(06)

Rounded to 6 places.

35

9(08)V9(02)

Price Election

57

9(04)V9(04)

Unit of measure for the
crop.
None.

Price Election
Factor

62

9(01)V9(04)

1.0000

Insured Share

38

9(01)V9(03)

None

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Loss Guarantee

FCIC-APPENDIX III

Page 9

Yield reported.

50, 55, 60, 70, 75, 80 & 85
Factor used to reduce stage
guarantee per acre for certain crops
when damage occurs in an early
stage. See Exhibit 21-8.
This is the Guarantee Reduction
Percent. See Exhibit 11-1.
This is the determined acres
reported by the company.
This is the liability adjustment
factor reported by the company.
This is the Total Production to
Count reported by the company.
Applicable Price for the crop. For
Northern Provision Potatoes, any
unharvested acreage of Potatoes
will only receive 80% of the
selected price election. For
Processing Tomatoes, the price
election is determined by the stage
in which the damage occurred.
Required for all crops. Plan Code
51 must = 1.0000. CAT must =
0.5500.
This is the Insured Share reported
by the Company.
This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Field
Number
40

Picture

Rounding

Description

S9(10)

Nearest Dollar.

Multi Cropping
Factor

Internal

V9(02)

None

CEO Coverage
Level

64

9(01)V9(04)

None

This is the amount of Indemnity due
to the producer. This field includes
CEO Indemnity, if CEO coverage is
elected.
Factor used to adjust indemnity and
prevented planting indemnity
(based on Multi Cropping Flag in
field 52) to comply with ARPA
legislation on double cropping and
prevented planting.
CEO Coverage Level. Must be
greater than value in field 56;
cannot exceed 85%.

CEO Indemnity
Factor

65

9(01)V(05)

To five decimals

Indemnity

FCIC-APPENDIX III

Page 10

CEO Coverage Level/MPCI
Coverage Level

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

DOLLAR AMOUNT of INSURANCE CROPS
(Ins Plan 50)
Florida Citrus (see exhibit 21-8 for crop codes)
*Forage Seeding (0032) Macadamia Trees (0024)
Fresh Market Sweet Corn (0044)*

Citrus Trees (see Exhibit 21-8 for crop codes)
Peppers (0083)*
Raisins (0037)
Fresh Market Tomatoes (0086)*

*Crops where multi cropping limitations can apply

STAGE GUARANTEE
Stage Guarantee Per Acre = Reference Maximum Dollar Amount * Coverage Level * Price Election %
(Note 4)
(for Florida Citrus only)
Stage Guarantee Per Acre = Stage Guarantee Per Acre * Stage Percent Factor

LOSS GUARANTEE
Loss Guarantee = Stage Guarantee Per Acre * Determined Acres * Liability Adjustment Factor
(Note 4)
(Note 4)
(Note 6)

PRELIMINARY INDEMNITY
Farm Unit Deficiency = Loss Guarantee - Production to Count (50% of Loss Guarantee for crop 0032, Stage ‘S’)
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF Factor
(Note 4)
(Note 4)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)
(.35)

IF CE OPTION SELECTED:
CEO Indemnity Factor = CEO Coverage Level / MPCI Coverage Level
Indemnity = MPCI Indemnity * CEO Indemnity Factor

FCIC-APPENDIX III

Page 11

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Field
Number
28

Picture

Rounding

Description

9(08)V9(02)

Nearest Dollar.

Stage Guarantee per
Acre
Determined Acres

24

9(08)V9(02)

Nearest Dollar.

25

9(06)V9(02)

Liability Adjustment
Factor
Dollar Amount of
Insurance

49

9(01)V9(06)

To the tenth.
To Hundredths for Raisins
only.
Rounded to 6 places.

Total dollar guarantee for the
current loss line.
Dollar guarantee per acre reported
by the company.
This is the Determined Acres
reported by the company.

48

9(08)V9(02)

Nearest Dollar.

Coverage Level
Price Election (%)
Factor
Production to Count

56
62

9(01)V9(04)
9(01)V9(04)

None.
Whole number (calculated).

35

9(08)V9(02)

Nearest Dollar.

Farm Unit
Deficiency
Insured Share

37

S9(08)V9(02)

Nearest Dollar.

38

9(01)V9(03)

None

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Indemnity

40

S9(10)

Nearest Dollar.

Multi Cropping
Factor

Internal

V9(02)

None

Stage Percent Factor

Internal

V9(02)

None

CEO Coverage
Level

64

9(01)V9(04)

None

Loss Guarantee

FCIC-APPENDIX III

Page 12

This is the Liability Adjustment
Factor reported by the company.
Reference Maximum Dollar
Amount from ADM-1-3 * Coverage
Level.
Insured selected coverage level.
Insured selected price election %.
This is the Production to Count
reported by the Company.
This is the Farm Unit Deficiency
reported by the Company.
This is the Insured Share reported
by the Company.
This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.
This is the amount of Indemnity due
to the producer.
Factor used to adjust indemnity and
prevented planting indemnity
(based on Multi Cropping Flag in
field 48) to comply with ARPA
legislation on double cropping and
prevented planting.
Factor used to reduce stage
guarantee per acre for certain crops
when damage occurs in an early
stage. See Exhibit 21-8.
CEO Coverage Level. Must be
greater than value in field 56;
cannot exceed 85%.

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

DOLLAR AMOUNT of INSURANCE CROPS
(Ins Plan 51)
Chile Peppers (0045)
Citrus (0215) - CA only

Cherries (0057)
Strawberries (0110)

MULTI CROPPING LIMITATIONS APPLY TO THIS PLAN

STAGE GUARANTEE
Stage Guarantee Per Acre =
Dollar Amount of Insurance * Stage Percent Factor (if applicable)
(Note 4)
(ADM Dollar Amt * Guar Reduction Factor)

LOSS GUARANTEE
Loss Guarantee = Stage Guarantee Per Acre * Determined Acres * Liability Adjustment Factor
(Note 4)
(Note 4)
(Note 6)

PRELIMINARY INDEMNITY
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)
(.35)

FCIC-APPENDIX III

Page 13

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Field
Number
28

Picture

Rounding

Description

9(08)V9(02)

Nearest Dollar.

48

9(08)V9(02)

Nearest dollar.

Total dollar guarantee for the
current loss line.
Dollar Amount from ADM-1-D

24

9(08)V9(02)

Dollars and cents.

25

9(06)V9(02)

Liability Adjustment
Factor
Production to Count

49

9(01)V9(06)

To the tenth.
To Hundredths for Raisins
only.
Rounded to 6 places.

35

9(08)V9(02)

Nearest Dollar.

Farm Unit
Deficiency
Insured Share

37

S9(08)V9(02)

Nearest Dollar.

38

9(01)V9(03)

None

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Indemnity

40

S9(10)

Nearest Dollar.

Multi Cropping
Factor

Internal

V9(02)

None

Loss Guarantee
Dollar Amount of
Insurance
Stage Guarantee per
Acre
Determined Acres

FCIC-APPENDIX III

Page 14

Dollar guarantee per acre reported
by the company.
This is the Determined Acres
reported by the company.
This is the Liability Adjustment
Factor reported by the company.
This is the Production to Count
reported by the Company.
This is the Farm Unit Deficiency
reported by the Company.
This is the Insured Share reported
by the Company.
This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.
This is the amount of Indemnity due
to the producer.
Factor used to adjust indemnity and
prevented planting indemnity
(based on Multi Cropping Flag in
field 52) to comply with ARPA
legislation on double cropping and
prevented planting.

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

AVOCADOS (0019)
(Ins Plan 46)
MULTI CROPPING LIMITATIONS APPLY TO THIS PLAN

DOLLAR AMOUNT OF INSURANCE
Dollar Amount of Insurance = Farmer Approved Average Revenue * Coverage level %
(Note 4)
(Note 4)
IF COVERAGE FLAG = C:
Dollar Amount of Insurance = Farmer Approved Average Revenue * Coverage level % * .55
(Note 4)
(Note 4)

LOSS GUARANTEE
Loss Guarantee = Dollar Amount of Insurance * Determined Acres * Liability Adjustment Factor
(Note 4)
(Note 4)
(Note 3)

FARM UNIT DEFICIENCY
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
IF Coverage Flag = C:
Farm Unit Deficiency = Loss Guarantee - (Production to Count * .55)
(Note 4)
(Note 4)

PRELIMINARY INDEMNITY
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)

FCIC-APPENDIX III

Page 15

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Picture

Rounding

Description

Loss Guarantee

Field
Number
28

9(08)V9(02)

Nearest Dollar.

Determined Acres

25

9(06)V9(02)

To the tenth.

Liability Adjustment
Factor
Dollar Amount of
Insurance
Coverage Level
Production to Count

49

9(01)V9(06)

Rounded to 6 places.

48

9(08)V9(02)

Nearest dollar and cents.

56
35

9(01)V9(04)
9(08)V9(02)

None.
Nearest Dollar.

Farm Unit
Deficiency
Insured Share

37

S9(08)V9(02)

Nearest Dollar.

38

9(01)V9(03)

None

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Indemnity

40

S9(10)

Nearest Dollar.

Multi Cropping
Factor

Internal

V9(02)

None

Total dollar guarantee for the
current loss line.
This is the Determined Acres
reported by the company.
This is the Liability Adjustment
Factor reported by the company.
Calculated Farmer Approved
Average Revenue (record 11).
Insured selected coverage level %.
This is the Production to Count
reported by the company.
This is the Farm Unit Deficiency
reported by the company.
This is the Insured Share reported
by the company.
This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.
This is the amount of Indemnity due
to the producer.
Factor used to adjust indemnity and
prevented planting indemnity
(based on Multi Cropping Flag in
field 52) to comply with ARPA
legislation on double cropping and
prevented planting.

FCIC-APPENDIX III

Page 16

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

PECANS (0020)
(Ins Plan 41)
MULTI CROPPING LIMITATIONS APPLY TO THIS PLAN

DOLLAR AMOUNT OF INSURANCE
Dollar Amount of Insurance = Yield from the T-11 * Coverage Level * .55
(Note 4)
(For CAT Only)

STAGE GUARANTEE
Stage Guarantee Per Acre = Dollar Amount of Insurance * Guarantee Reduction Factor
(Note 4)
(Note 4)

LOSS GUARANTEE
Loss Guarantee = Stage Guarantee Per Acre * Determined Acres * Liability Adjustment Factor
(Note 4)
(Note 4)
(Note 3)

PRELIMINARY INDEMNITY
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)

FCIC-APPENDIX III

Page 17

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Field
Number
28

Picture

Rounding

Description

9(08)V9(02)

Nearest Whole Dollar.

Stage Guarantee per
Acre
Determined Acres

24

9(08)V9(02)

Nearest whole dollar.

25

9(06)V9(02)

To the tenth.

Liability Adjustment
Factor
Dollar Amount of
Insurance
Guarantee
Reduction Factor

49

9(01)V9(06)

Round to 6 places.

48

9(08)V9(02)

Nearest whole dollar.

47

V9(03)

Round to 3 places.

Coverage Level
Production to Count

56
35

9(01)V9(04)
9(08)V9(02)

None.
Nearest Dollar.

Farm Unit
Deficiency
Insured Share

37

S9(08)V9(02)

Nearest Dollar.

38

9(01)V9(03)

None

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Indemnity

40

S9(10)

Nearest Dollar.

Multi Cropping
Factor

Internal

V9(02)

None

Total dollar guarantee for the
current loss line.
Dollar guarantee per acre reported
by the company.
This is the Determined Acres
reported by the company.
This is the Liability Adjustment
Factor reported by the company.
Selected Dollar Amount of
Insurance reported on record 11.
Factor used to reduce dollar
guarantee per acre for thinning of
the trees, if applicable.
Insured selected coverage level.
This is the Production to Count
reported by the company.
This is the Farm Unit Deficiency
reported by the company.
This is the Insured Share reported
by the company.
This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.
This is the amount of Indemnity due
to the producer.
Factor used to adjust indemnity and
prevented planting indemnity
(based on Multi Cropping Flag in
field 52) to comply with ARPA
legislation on double cropping and
prevented planting.

Loss Guarantee

FCIC-APPENDIX III

Page 18

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

YIELD BASE DOLLAR AMOUNT of INSURANCE
(Ins Plan 55)
Hybrid Seed Corn (0062)

Hybrid Seed Sorghum (0050)

MULTI CROPPING LIMITATIONS APPLY TO THIS PLAN

YIELD
Yield = (County Yield from FCI-35 * Coverage Level % Factor) - Minimum Payment (in bushels)

STAGE GUARANTEE
Stage Guarantee Per Acre = Yield * Price Election (if HS option elected, price should reflect higher of
(Note 4)
MPCI or HPSE price)
If Late or Prevented Planting applies, then;
Stage Guarantee Per Acre = (Yield * Price) * Guarantee Reduction Factor
(Note 4)
(Note 4)

LOSS GUARANTEE
Loss Guarantee = Stage Guarantee Per Acre * Determined Acres * Liability Adjustment Factor
(Note 4)
(Note 4)
(Note 3)

PRELIMINARY INDEMNITY
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)
(.35)

FCIC-APPENDIX III

Page 19

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Field
Number
28

Picture

Rounding

Description

9(08)V9(02)

Nearest Whole Dollar.

Stage Guarantee per
Acre
Determined Acres

24

9(08)V9(02)

Nearest Whole Dollar.

25

9(06)V9(02)

To the tenth.

Liability Adjustment
Factor
Guarantee
Reduction Factor

49

9(01)V9(06)

Round to 6 places.

47

V9(03)

Round to 3 places.

Coverage Level
Farm Unit
Deficiency
Production to Count

56
37

9(01)V9(04)
S9(08)V9(02)

None.
Nearest Dollar.

35

9(08)V9(02)

Nearest Dollar.

Insured Share

38

9(01)V9(03)

None

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Indemnity

40

S9(10)

Nearest Dollar.

Multi Cropping
Factor

Internal

V9(02)

None

Total dollar guarantee for the
current loss line.
Dollar guarantee per acre reported
by the company.
This is the Determined Acres
reported by the company.
This is the Liability Adjustment
Factor reported by the company.
Factor used to reduce stage
guarantee per acre for late or
prevented planting. See Exhibit 111.
Insured selected coverage level .
This is the Farm Unit Deficiency
reported by the Company.
This is the Production to Count
reported by the Company.
This is the Insured Share reported
by the Company.
This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.
This is the amount of Indemnity due
to the producer.
Factor used to adjust indemnity and
prevented planting indemnity
(based on Multi Cropping Flag in
field 52) to comply with ARPA
legislation on double cropping and
prevented planting.

Loss Guarantee

FCIC-APPENDIX III

Page 20

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

GRP Crops
(Ins Plan 12)
Wheat (0011 )
Corn (0041 )
Barley (0091 )
Soybeans (0081)
Rangeland (0048 )

GRIP Crops
(Ins Plan 73)

Cotton (0021 )
Peanuts (0075 )
Grain Sorghum (0051 )
Forage Production (0033 )

Wheat (0011)
Cotton (0021)
Corn (0041)
Grain Sorghum (0051)
Soybeans (0081 )

MULTI CROPPING LIMITATIONS APPLY TO PLANS 12 and 73.

GRP Crops
(Ins Plans 13 and 14)
Pasture, Rangeland, and Forage (0088)

DOLLAR AMOUNT OF INSURANCE
Dollar Amount of Insurance = Maximum Protection Per Acre * Price Election %
(Note 5)
Plans 13 & 14 - PRF
Dollar Amount of Protection = County Base Value * Coverage Level * Productivity Factor
(Note 5)

STAGE GUARANTEE
Stage Guarantee Per Acre = Dollar Amount of Insurance/Protection

LOSS GUARANTEE
Loss Guarantee = Dollar Amount of Insurance * Determined Acres * Liability Adjustment Factor
(Note 4)
(Note 5)
(Note 3)

For Plans 13 & 14 – PRF
Policy Protection/unit = Dollar Amount of Protection * Insured Acres * Insured Share
(Note 4)
(Note 5)
(Note 3)

For Plan 73 – Harvest Revenue Option
Loss Guarantee = Dollar Amount of Insurance * Determined Acres * Policy Protection * Liability Adjustment
(Note 4)
(Note 5)
(Note 3)
Adjustment Factor
Factor
Note – (Policy Protection Adjustment Factor cannot be less than 1.00 and is available on the ADM J)

FCIC-APPENDIX III

Page 21

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

PRELIMINARY INDEMNITY
Preliminary Indemnity = Loss Guarantee * Insured Share * GRP/GRIP Payment Factor * MIF
(Note 4)
(Note 4)

For Plans 13 & 14 – PRF
Preliminary Indemnity = Policy Protection/unit * GRP Payment Factor
(Note 4)
(Note 4)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)
(.35)

Plan 12, GRP Payment Calculation Factor = (Trigger Yield - Final Payment Yield)
Trigger Yield

Plans 13 and 14, GRP Payment Calculation Factor = (Trigger Grid Index - Final Grid Index)
Trigger Grid Index

Plan 73, GRIP Payment Calculation Factor = (Trigger Revenue - Actual County Revenue)
Trigger Revenue
GRIP/HRO Payment Calculation Factor = (HRO Trigger Revenue – Actual County Revenue)
HRO Trigger Revenue

FCIC-APPENDIX III

Page 22

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Field
Number
28

Picture

Rounding

Description

9(08)V9(02)

Nearest Whole Dollar.

Stage Guarantee per
Acre
Determined Acres

24

9(08)V9(02)

Nearest Whole Dollar.

25

9(06)V9(02)

To the tenth.

Liability Adjustment
Factor
Dollar Amount of
Insurance/Protection
Price Election
Factor

49

9(01)V9(06)

Rounded to 6 places.

32

9(08)V9(02)

Nearest dollar and cents.

62

9(01)V9(04)

None

Insured Share

38

9(01)V9(03)

None

GRP/GRIP Payment
Calculation Factor

39

9(01)V9(03)

Three Decimals.

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Indemnity

40

S9(10)

Nearest Dollar.

Multi Cropping
Factor

Internal

V9(02)

None

Total dollar guarantee for the
current loss line.
Dollar guarantee per acre reported
by the company.
This is the Determined Acres
reported by the company.
This is the Liability Adjustment
Factor reported by the company.
Selected dollar amount of insurance
per acre.
Required for all crops. Plan Code
51 must = 1.0000. CAT must =
0.5500.
This is the Insured Share reported
by the Company.
A factor by crop used to calculate
GRP indemnity. See ADM for final
annual payment yield. Trigger yield
is expected county yield from ADM
times coverage level.
This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.
This is the amount of Indemnity due
to the producer.
Factor used to adjust indemnity and
prevented planting indemnity
(based on Multi Cropping Flag in
field 52) to comply with ARPA
legislation on double cropping and
prevented planting.

Loss Guarantee

FCIC-APPENDIX III

(record 11)

Page 23

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

FLORIDA FRUIT AND TROPICAL TREES (2009 CY)
(Ins Plan 40)
See Exhibit 11-2 for crop codes.
MULTI CROPPING LIMITATIONS APPLY TO THIS PLAN

EXAMPLE FOR ACC: (All Loss Data is Reported at the Unit level)
LOSS GUARANTEE (INCLUDES BASE POLICY with (OLO):
To report an ACC Loss, 2 records must be reported (1 ACC record & 1 Non-ACC record, even if the Non-ACC
record does not have a loss)
Loss Guarantee = Number of ACC Trees * Coverage Level * Price Election * Liability Adjustment Factor
(Note 4)
(Note 2)

PRELIMINARY INDEMNITY:
Production to Count must equal the value of the undamaged trees (this is on an accumulative basis {i.e. an
accumulative adjusted percent of damage} and must include all previous loss data).
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)
Note – (For Base Policy with OLO), If Amount of Insured Damage < or = to 5%, No Indemnity is Due

THE FOLLOWING ARE EXAMPLE(S) FOR Non-ACC: (All Loss Data is reported at the Unit level)
LOSS GUARANTEE:
To report a Non-ACC Loss, only 1 record is necessary if there is no previous ACC Loss. However, if there is an
ACC Loss, then 2 records must be reported.
Loss Guarantee = Number of Non-ACC Trees * Coverage Level * Price Election * Liability Adjustment Factor
(Note 4)
(Note 2)

PRELIMINARY INDEMNITY:
Production to Count must equal the value of the undamaged trees (this is on an accumulative basis {i.e. an
accumulative adjusted percent of damage}and must include all previous loss data).
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)

FCIC-APPENDIX III

Page 24

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

LOSS GUARANTEE for Non-ACC with (OLO):
To report a Non-ACC Loss, only 1 record is necessary if there is no previous ACC Loss. However, if there is an
ACC Loss, then 2 records must be reported.

Loss Guarantee =
(Note 4)

Number of Non-ACC
Trees by Stage
(Note 2)

*

Coverage
Level

*

Liability
Price Election by Stage * Adjustment Factor

PRELIMINARY INDEMNITY for Non -ACC with (OLO):
Production to Count must equal the value of the undamaged trees (this is on an accumulative basis {i.e. an
accumulative adjusted percent of damage} and must include all previous loss data).
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)
Note - Calculate Percent of Damage Value Due to Destroyed Trees + Percent of Damage Due to Fully Damaged
Trees (Round to two decimal places)
Note – If Amount of Insured Damage < or = to 5%, No Indemnity is Due.
LOSS GUARANTEE for Non-ACC with (CTVE):
NOTE - No CTVE Loss data should be submitted unless a Base Policy Loss has been previously paid.
To report a Non-ACC Loss, only 1 record is necessary if there is no previous ACC Loss. However, if there is an
ACC Loss, then 2 records must be reported.

Loss Guarantee =
(Note 4)

Number of Non-ACC
Coverage
Trees by Stage
*
Level
(Note 2)

Maximum CTV
Liability
* Reference Price * Adjustment Factor

PRELIMINARY INDEMNITY for Non -ACC with (CTVE):
Production to Count must equal the value of the undamaged trees (this is on an accumulative basis {i.e. an
accumulative adjusted percent of damage} and must include all previous loss data).
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = (Farm Unit Deficiency * Insured Share * MIF) –
(Note 4)
(Note 4)

Any Previous CTVE Indemnity
paid for the current crop year

NOTE - The Total Indemnity on a unit during a crop year is limited to the lesser of the CTV Amount of Protection
times your share for that unit or the CTV Unit Value times your share
Preliminary Indemnity Payable at time of Claim = 100% for Fully Damaged Trees + 50% for Destroyed Trees

FCIC-APPENDIX III

Page 25

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Preliminary Indemnity Payable after Verification that Requirements in Section 11(a) of CTV Endorsement are Met
(within 3 calendar years of date trees removed) = Farm Unit Deficiency * 50%
LOSS GUARANTEE for Non-ACC with (CTVE/OLO):
NOTE - No CTVE Loss data should be submitted unless a Base Policy Loss has been previously paid.
To report a Non-ACC Loss, only 1 record is necessary if there is no previous ACC Loss. However, if there is an
ACC Loss, then 2 records must be reported

Loss Guarantee =
(Note 4)

Number of Non-ACC
Coverage
Trees by Stage
*
Level
*
(Note 2)

Maximum CTV
Reference Price *

Liability
Adjustment Factor

PRELIMINARY INDEMNITY for Non-ACC with (CTVE/OLO):
Production to Count must equal the value of the undamaged trees (this is on an accumulative basis {i.e. an
accumulative adjusted percent of damage} and must include all previous loss data)
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)
NOTE - The Total Amount of Indemnity on a unit during a crop year is limited to the lesser of the CTV amount of
protection times your share for that unit or the CTV unit value times your share.
Preliminary Indemnity Payable at Time of Claim = Farm Unit Deficiency * 50%
Preliminary Indemnity Payable after Verification that Requirements in Section 11(a) of CTV Endorsement are Met
(within 3 calendar years of date trees removed) = Farm Unit Deficiency * 50%

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)

FCIC-APPENDIX III

Page 26

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

HAWAII TROPICAL TREES (0265, 0266 & 0267)
(Ins Plan 40)
See Exhibit 11-2 for crop codes.
MULTI CROPPING LIMITATIONS APPLY TO THIS PLAN

LOSS GUARANTEE
Loss Guarantee = Number of Trees * Coverage Level * Price Election * Liability Adjustment * Yield Conversion
(by crop and age)
(Tree Reference Price
Factor
Factor
(Note 4)
(Note 2)
by Age)
(from
T11 rec)

PRELIMINARY INDEMNITY
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)

FCIC-APPENDIX III

Page 27

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Picture

Rounding

Description

Loss Guarantee

Field
Number
28

9(08)V9(02)

Nearest Whole Dollar.

Number of Trees

55

9(10)

Whole Trees.

Coverage Level

56

9(01)V9(04)

None

Price Election
Amount
Production to Count

57

9(04)V9(04)

Dollars and cents.

35

9(08)V9(02)

Nearest Dollar.

This is the maximum value of a
total loss at 100% share.
This is the determined number of
ACC or Non-ACC trees for the unit.
50, 55, 60, 65, 70 or 75
This is the coverage level reported
by the company.
This is the Price Election for the
stage and coverage level.
Must equal zero for ACC losses.
Must equal the value of Non-Acc
trees for Non-ACC losses.

Farm Unit
Deficiency
Insured Share

37

S9(08)V9(02)

Nearest whole dollar.

38

9(01)V9(03)

None

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Indemnity

40

S9(10)

Nearest whole dollar.

Multi Cropping
Factor

Internal

V9(02)

None

FCIC-APPENDIX III

Page 28

This is the Farm Unit Deficiency
reported by the company.
This is the Insured Share reported
by the company.
This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.
This is the amount of Indemnity due
to the producer.
Factor used to adjust indemnity and
prevented planting indemnity (based
on Multi Cropping Flag in field 52)
to comply with ARPA legislation
on double cropping and prevented
planting.

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

INCOME PROTECTION
PROTECTION
(Ins Plan 42)

INDEXED INCOME

Wheat (0011 )
Grain Sorghum (0051 )
Barley (0091 )

Corn (0041 )

(Ins Plan 45)

Cotton (0021 )
Soybeans (0081 )
Corn (0041 )

Soybeans (0081 )

MULTI CROPPING LIMITATIONS APPLY TO THESE PLANS

DOLLAR AMOUNT OF INSURANCE
Dollar Amount of Insurance = (Yield * Coverage Level) * Price Election Amount
(Note 5)
(Note 1)

If Late or Prevented Planting applies:
Price
Dollar Amount of Insurance = (Yield * Coverage Level) * Election Amount *
(Note 5)

Guarantee
Reduction Factor

LOSS GUARANTEE
Dollar
Loss Guarantee = Amt of Insurance * Determined Acres * Liability Adjustment Factor * Insured Share
(Note 4)
(Note 3)

PRELIMINARY INDEMNITY
Preliminary Indemnity = Loss Guarantee - Production to Count * MIF
(Note 4)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)
(.35)

Note: Plan code 42 crops may go up to 85% coverage level. Plan code 45 crops may only go up to 75%
coverage level.
Production to Count should include the Harvest Price and the share.

FCIC-APPENDIX III

Page 29

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Field
Number
28

Picture

Rounding

Description

9(08)V9(02)

Nearest whole dollar.

Dollar Amount of
Insurance

48

9(08)V9(02)

Dollars and cents.

Guarantee
Reduction Factor
Determined Acres

47

V9(03)

None

25

9(06)V9(02)

To the tenth.

Liability Adjustment
Factor
Insured Share

49

9(01)V9(06)

Rounded to 6 places.

38

9(01)V9(03)

None

The Total Dollar Amount of
Protection for IP.
This is the Dollar Amount of
Insurance after any adjustments for
Late or Prevented Planting.
This is the Guarantee Reduction
Percent. See Exhibit 11.1.
This is the Determined Acres
reported by the company.
This is the Liability Adjustment
Factor reported by the company.
This is the Insured Share reported
by the company.

Production to Count

35

9(08)V9(02)

Nearest Dollar.

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Indemnity

40

S9(10)

Nearest Dollar.

Multi Cropping
Factor

Internal

V9(02)

None

Loss Guarantee

FCIC-APPENDIX III

Page 30

This is the Production to Count
reported by the Company, and
should include Harvest Price and
share.
This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.
This is the amount of Indemnity due
to the producer.
Factor used to adjust indemnity and
prevented planting indemnity
(based on Multi Cropping Flag in
field 52) to comply with ARPA
legislation on double cropping and
prevented planting.

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

REVENUE ASSURANCE
(Ins Plan 25)
Barley (0091 )
Rice (0018 )

Canola (0015 )
Soybeans (0081 )

Corn (0041 )
Sunflowers (0078 )

Cotton (0021 )
Wheat (0011 )

MULTI CROPPING LIMITATIONS APPLY TO THIS PLAN

DOLLAR AMOUNT OF INSURANCE
Dollar Amount of Insurance = Yield * Coverage Level % * Price Election
(Note 5) (See next page)

STAGE GUARANTEE
Stage Guarantee = Dollar Amount of Insurance
(Note 5)
If Late or Prevented Planting applies, then;
Stage Guarantee Per Acre = Dollar Amount of Insurance * Guarantee Reduction Factor
(Note 5)
(Note 5)

LOSS GUARANTEE
Loss Guarantee = Stage Guarantee Per Acre * Determined Acres * Liability Adjustment Factor
(Note 4)
(Note 5)
(Note 3)

PRELIMINARY INDEMNITY
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)
(.35)

Note: If stage code not equal to “R, NR, P2, PF, or PT” All Records for Enterprise and Whole Farm Unit must be
reported even if some records are negative or no indemnity.

FCIC-APPENDIX III

Page 31

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Field
Number
48

Picture

Rounding

Description

9(08)V9(02)

Nearest dollar and cents

Yield

54

9(01)V9(04)

Nearest whole bushels.

Price Election
Amount

57

9(04)V9(04)

None

This is the Dollar Amount of
Insurance reported on the record 11
unless Harvest Price Option
applicable. If Harvest Price Option
is applicable and harvest price is
greater than projected price
recalculate dollar amount based on
RA programming instructions for
unit structure. Harvest Price Option
not applicable for Malting Barley.
This is the yield reported by the
company.
100% of applicable price for RA.
Harvest price option available.
Must match ADM.

Stage Guarantee per
Acre

24

9(08)V9(02)

Nearest dollar and cents.

This is the Stage Guarantee per
Acre reported by the company.

Guarantee
Reduction Factor

47

V9(03)

None

Loss Guarantee

28

9(08)V9(02)

Nearest Whole Dollar.

Determined Acres

25

9(06)V9(02)

To the tenth.

Liability Adjustment
Factor
Production to Count

49

9(01)V9(06)

Rounded to 6 places.

35

9(08)V9(02)

Nearest dollar and cents.

Farm Unit
Deficiency
Insured Share

37

S9(08)V9(02)

Nearest whole dollar.

38

9(01)V9(03)

None

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Factor used to reduce stage
guarantee per acre for late or
prevented planting, if applicable.
This is the loss guarantee reported
by the company.
This is the Determined Acres
reported by the company.
This is the Liability Adjustment
Factor reported by the company.
Production to count in dollars
reported by the company. Must use
100% of applicable price for RA.
Harvest price option available.
This is the Farm Unit Deficiency
reported by the company.
This is the Insured Share reported
by the company.
This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.

Dollar Amount of
Insurance

FCIC-APPENDIX III

Page 32

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name
Indemnity
Multi Cropping
Factor

FCIC-APPENDIX III

Field
Number
40

Picture

Rounding

Description

S9(10)

Nearest whole dollar.

Internal

V9(02)

None

This is the amount of Indemnity due
to the producer.
Factor used to adjust indemnity and
prevented planting indemnity
(based on Multi Cropping Flag in
field 52) to comply with ARPA
legislation on double cropping and
prevented planting.

Page 33

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

CROP REVENUE COVERAGE
(Ins Plan 44)
Corn (0041 )
Soybeans (0081 )

Wheat (0011 )
Cotton (0021 )

Grain Sorghum (0051 )
Rice (0018 )

MULTI CROPPING LIMITATIONS APPLY TO THIS PLAN

STAGE GUARANTEE
Stage Guarantee Per Acre = Yield * Coverage Level %
(Note 1)
If Late or Prevented Planting applies, then;
Stage Guarantee Per Acre = (Yield * Coverage Level %) * Guarantee Reduction Factor
(Note 1)
(Note 1)
Total Guarantee in Bushels (Internal calc) = Stage Guarantee per Acre * Determined Acres
(Note 2)
(Note 1)
(Note 3)

LOSS GUARANTEE
Loss Guarantee = (Total Guarantee * Liability Adjustment Factor ) * Price Election
(Note 4)
(Note 2, should equal Total Guarantee on Type 11)

PRELIMINARY INDEMNITY
Farm Unit Deficiency = Loss Guarantee - Production to Count
(Note 4)
(Note 4)
Preliminary Indemnity = Farm Unit Deficiency * Insured Share * MIF
(Note 4)
(Note 4)

INDEMNITY
Indemnity = Preliminary Indemnity * Multi Crop Reduction Factor
(Note 4)
(Note 4)
(.35)

FCIC-APPENDIX III

Page 34

RY 2008

June 28, 2007

Exhibit 21-10

FCIC-APPENDIX III

Type 21 - Loss Guarantee and Indemnity Calculations
Edit Description

Field Name

Field
Number
24

Picture

Rounding

Description

9(08)V9(02)

This is the Stage Guarantee per
Acre reported by the company.

Yield

54

9(08)V9(02)

Nearest whole number for
pounds and tenths for other
units of measure.
Nearest Whole Bushels.

Coverage Level

56

9(01)V9(04)

None

Price Election
Amount

57

9(04)V9(04)

None

Guarantee
Reduction Factor

47

V9(03)

None

Loss Guarantee

28

9(08)V9(02)

Nearest Whole Dollar.

Determined Acres

25

9(06)V9(02)

To the tenth.

Liability Adjustment
Factor
Production to Count

49

9(01)V9(06)

Rounded to 6 places.

35

9(08)V9(02)

Nearest dollar and cents.

Farm Unit
Deficiency
Insured Share

37

S9(08)V9(02)

Nearest Whole Dollar.

38

9(01)V9(03)

None

Preliminary
Indemnity

43

9(10)

Nearest Whole Dollar

MIF

78

V9(03)

Round to 3 places

Indemnity

40

S9(10)

Nearest whole dollar.

Multi Cropping
Factor

Internal

V9(02)

None

Stage Guarantee per
Acre

FCIC-APPENDIX III

Page 35

This is the yield reported by the
company.
50, 55, 60, 65, 70 & 75
This is the coverage level reported
by the company.
100% of applicable price for CRC.
Must match ADM.
Factor used to reduce stage
guarantee per acre for late or
prevented planting, if applicable.
This is the loss guarantee reported
by the company.
This is the Determined Acres
reported by the company.
This is the Liability Adjustment
Factor reported by the company.
Production to Count in dollars
reported by the company. Must use
100% of applicable price for CRC.
This is the Farm Unit Deficiency in
dollars reported by the company.
This is the Insured Share reported
by the company.

This is the calculated indemnity
before the Multi Cropping factor is
applied.
Misreported Information Factor.
Factor used to reduce indemnity
when under/over reporting of
liability has occurred. Factor is
calculated (see LAM, page 34)
and submitted by the Company.
This is the amount of Indemnity due
to the producer.
Factor used to adjust indemnity and
prevented planting indemnity
(based on Multi Cropping Flag in
field 52) to comply with ARPA
legislation on double cropping and
prevented planting.

RY 2008