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What are the major changes in the revised Common Crop Insurance Regulations and which insurance plans are affected?

April 26, 2017affected changes common CROP Insurance plans regulations revised

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What are the major changes in the revised Common Crop Insurance Regulations and which insurance plans are affected?

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The major change to the Common Crop Insurance Regulations is that the producer will be able to elect either yield protection or revenue protection for barley, canola, corn, cotton, grain sorghum, rapeseed, rice, soybeans, and wheat. The revised Common Crop Insurance Regulations will replace the Actual Production History (APH), Crop Revenue Coverage (CRC), Revenue Assurance (RA), Income Protection (IP), and Indexed Income Protection (IIP) plans of insurance. The other crops, not listed above and currently insurable under the Common Crop Insurance Policy, will be insurable with the same yield or dollar protection they currently have available.