Common use of For Agricultural Product in Production and Livestock Clause in Contracts

For Agricultural Product in Production and Livestock. (a) The Agricultural Product(s) in Production or Livestock for which the Advance is issued and all similar Agricultural Product(s) in Production and Livestock for all subsequent Production Periods; and (b) One or a combination of the following for at least the amount of the Advance: A. an assignment of any amount that may be received from Production Insurance; B. an assignment of any amount that may be received from a BRM Program Coverage for the current year (with the exception of AgriStability); C. an assignment of any amount that may be received from a BRM Program Coverage with AgriStability, for the current year and all future years D. an acceptable Letter of Guarantee from the Producer’s financial institution guaranteeing the Advance.

For Agricultural Product in Production and Livestock. (ai) The Agricultural Product(s) in Production or Livestock for which the Advance is issued and all similar Agricultural Product(s) in Production and Livestock for all subsequent Production Periods; and (bii) One or a combination of the following for at least the amount of the Advance: A. (A) an assignment of any amount that may be received from Production Insurance; B. (B) an assignment of any amount that may be received from a BRM Program Coverage for the current year (with the exception of AgriStability); C. (C) an assignment of any amount that may be received from a BRM Program Coverage with AgriStability, for the current year and all future years D. (D) an acceptable Letter of Guarantee from the Producer’s financial institution guaranteeing the Advance.