§ 400.16 - Definitions.  


Latest version.
  • In addition to the definitions contained in the crop insurance contract, the following definitions, for the purposes of Individual Yield Coverage Plan, are applicable:

    (a) Appraised Production means production that was unharvested but reflected yield potential for the crop at the time of the appraisal. Appraisals will be determined by ASCS or FCIC.

    (b) Area Average Yield is the average yield determined by FCIC upon which the guarantee is based for the insured crop, area, type, and practice and is the average for the area over the base period. It is contained in the actuarial table.

    (c) Area Coverage Plan is the coverage and rate assigned by the FCIC Actuarial Division for an homogeneous group of areas and producers.

    (d) Average Yield is the average of the recorded and/or indexed yields for the 10-year base period, dropping the highest and lowest yield in the 10-year period, including a combination of a minimum of the three most recent year's recorded yields.

    (e) Base Period means the 10-year period immediately preceding the crop year for which the yield is to be established.

    (f) Established Farm Yield is the yield as shown on the Official Farm Record card (ASCS-156) on file in the county ASCS office.

    (g) FCIC Adjusted Yield is production information derived by the Statistical Reporting Service on a county, crop, and practice basis modified by FCIC for factors necessary to conform to sound actuarial practices.

    (h) Individual Yield Certification is the appraised result of the examination of the insured's records of planted acreage and production certified by the county Agricultural Stabilization and Conservation Service (ASCS) office.

    (i) Indexed Yield means yield established for a year in which recorded (actual) yields are not available. It is determined by multiplying the FCIC adjusted yield, for each crop year (for which records of acreage and production are not available), by the producer's yield index.

    (j) IYCP is the Individual Yield Coverage Plan.

    (k) ICYP is the Individual Certified Yield Plan within IYCP. (7 CFR 400.20).

    (l) Recorded Yield is the yield that is based on the producer's records of planted acreage and production certified by ASCS.

    (m) Yield Index is the result obtained by dividing the total of the producer's recorded yields for the years FCIC adjusted yields are available by the total FCIC adjusted yields for those same years.