LRP Indemnity Calculations - Exhibit 135-3

June 28, 2007

Exhibit 135-3

FCIC-Appendix III

LIVESTOCK RISK PROTECTION (LRP)
INDEMNITY CALCULATIONS
Edit Description

Livestock Risk Protection (LRP)
(Insurance Plan Code 81)
INDEMNITY
INDEMNITY_AMOUNT = ENDING_NUMBER_HEAD * TARGET WEIGHT * (COVERAGE PRICE
(field 4)
(field 2)
(Internal)
(Internal)

–

ACTUAL_END_VALUE) * SHARE
(field 3)
(Internal)

Note: An indemnity is calculated and payable if the actual ending value is less than the coverage price.

FCIC-APPENDIX III

135-3 - 1

RY 2008

June 28, 2007

Exhibit 135-3

FCIC-Appendix III

LIVESTOCK RISK PROTECTION (LRP)
INDEMNITY CALCULATIONS
Edit Description

Tag

No.
2

Picture
9(08)

Rounding
whole number

Description
Ending Number of Head for this
endorsement that was used in the
determination of indemnity. Cannot be
greater than the number of head
accepted on the premium database.
Can be zero if head was disposed of
prior to 30 days before End Date.

TARGET WEIGHT

Internal

9999.99

nearest cwt

Expected weight of the livestock, per
head, from the premium database that
was reported on the endorsement.

COVERAGE PRICE

Internal

9999.999

per premium

Coverage Price from the premium
database that was reported on the
endorsement.

3

9999.999

per ADM

Actual Ending Value from ADM L
Suffix E for the End Date.

SHARE

Internal

9.999

3 decimal places

Insured Share from the premium
database that was reported on the
endorsement.

4

9(10)

nearest whole
dollar

Dollar amount of indemnity. Ending
Number of head multiplied by target
weight multiplied by the (coverage
price minus actual ending value)
multiplied by the insured share. Will be
zero if Ending Head is zero.

FCIC-APPENDIX III

135-3 - 2

RY 2008