Calculating payments for yield-based crop losses.

CFR · 2024-01-01 · US · Title 7

(a) Payments made under this subpart to a participant for a loss to yield-based crops, including losses due to prevented planting, subject to § 760.1514(i) and (j), are determined for a unit by: (1) Multiplying the eligible acres by the 2017 WHIP yield in paragraph (c) of this section or the WHIP+ yield in paragraph (d) of this section by the price; (2) Multiplying the result from paragraph (a)(1) of this section by the applicable 2017 WHIP factor or WHIP+ factor in paragraph (b) of this section; (3) Multiplying the applicable production in paragraph (d) of this section by the price; (4) Subtracting the result from paragraph (a)(3) of this section from the result of paragraph (a)(2) of this section; (5) Multiplying the result from paragraph (a)(4) of this section by the participant's share in paragraph (e) of this section; (6) Multiplying the result from paragraph (a)(5) of this section by the applicable payment factor in paragraph (g) of this section; (7) Subtracting the amount of the gross insurance indemnity or NAP payment from the result from paragraph (a)(6) of this section; (8) Subtracting the secondary use or salvage value of the crop from the result from paragraph (a)(7) of this section; and (b) If the NAP or crop insurance coverage is at the coverage level listed in the first column, then the 2017 WHIP factor is listed in the second column, and the WHIP+ factor is listed in the third column: (c) The 2017 WHIP yield is: (1) The producer's APH for insured crops under a

official document · source cfr-2024 · id 7:§ 760.1511