Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter IV - Federal Crop Insurance Corporation, Department of Agriculture |
Part 451 - CANNING AND PROCESSING PEACH CROP INSURANCE REGULATIONS |
Subpart A - Regulations for the 1986 and 1987 Crop Years |
§ 451.2 - Premium rates, production guarantees, coverage levels, and prices at which indemnities shall be computed.
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(a) The Manager shall establish premium rates, production guarantees, coverage levels, and prices at which indemnities shall be computed for canning and processing peaches which will be included in the actuarial table on file in the applicable service offices for the county and which may be changed from year to year.
(b) At the time the application for insurance is made, the applicant will elect a coverage level and price at which indemnities will be computed from among those levels and prices contained in the actuarial table for the crop year.