§ 400.2 - Definitions.

For the purposes of the Late Planting Option:

(a) Final planting date means the final planting date for the insured crop contained in the actuarial table on file in the service office.

(b) Late Planting Agreement means that agreement executed by the final planting date, between the FCIC and the insured whereby the insured elects, and FCIC provides, insurance on acreage planted for up to 20 days after the applicable final planting date. The production guarantee applicable on the final planting date will be reduced on the acreage planted after the final planting date by 10 percent for each 5 days that the acreage is planted after the final planting date.

(c) Production guarantee means the guaranteed level of production under the provisions of the applicable contract for crop insurance (sometimes expressed in amounts of insurance).