Which of the following is NOT a type of crop insurance plan?

Prepare for the Nebraska Crop Insurance Test with flashcards and multiple-choice questions. Each question provides hints and explanations. Get ready to excel in your exam!

Loss Coverage Insurance is not recognized as a standard type of crop insurance program. The common crop insurance plans that farmers can choose from are designed to protect against various risks to their crops, such as yield loss or revenue loss due to adverse weather conditions, pests, or diseases.

Area Yield Protection, Revenue Protection, and Actual Production History (APH) are all established crop insurance policies regulated under the Federal Crop Insurance program. Area Yield Protection provides coverage based on the average yield of a geographic area, while Revenue Protection combines yield and market price risks to safeguard against potential income loss. Actual Production History (APH) calculates a producer’s crop yield history to determine coverage levels.

In contrast, Loss Coverage Insurance does not exist as a recognized policy option within these regulations, highlighting it as the incorrect choice while the others are widely accepted and utilized forms of crop insurance. Understanding the distinction between actual crop insurance policies and non-existent ones is crucial for navigating crop insurance effectively.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy