SURE guarantee calculation.

CFR · 2024-01-01 · US · Title 7

(a) Except as otherwise provided in this part, the SURE guarantee for a farm is the sum obtained by adding the dollar amounts calculated in paragraphs (a)(1) through (a)(3) of this section. (1) For each insurable crop on the farm except for value loss crops, 115 percent of the product obtained by multiplying together: (i) The price election. If a price election was not made or a participant is eligible as specified in §§ 760.105, 760.106, or 760.107, then the percentage of price will be 55 percent of the NAP established price; (ii) The payment acres determined according to § 760.632; (iii) The SURE yield as calculated according to § 760.638; and (iv) The coverage level elected by the participant. If a coverage level was not elected or a participant is eligible as specified in § 760.105, § 760.106, or § 760.107, a coverage level of 50 percent will be used in the calculation. (2) For each noninsurable crop on a farm except for value loss crops, 120 percent of the product obtained by multiplying: (i) 100 percent of the NAP established price for the crop; (ii) The payment acres determined according to § 760.632; (iii) The SURE yield calculated according to § 760.638; and (iv) 50 percent. (3) The guarantee for value loss crops as calculated according to § 760.634. (4) In the case of an insurable crop for which crop insurance provides for an adjustment in the guarantee liability, or indemnity, such as in the case of prevented planting, that adjustment will be used in determining th

official document · source cfr-2024 · id 7:§ 760.631