Winter Wheat Quality Factor Sample Clauses

Winter Wheat Quality Factor. The winter wheat quality factor adjusts for lower grades to compensate for lower prices resulting from poor quality wheat, where the lower quality is caused by an insured peril. It is based on historical price differences between various grades of wheat. For claim purposes, the actual yield for winter wheat that is grade 3 or feed grade is factored downward by an amount set out in the applicable Production Insurance Documents. The unadjusted actual yield is used to update the Insured's average farm yield. To offset the cost of providing this benefit, a deduction is made to the guaranteed production. The winter wheat quality factor does not apply to organic winter wheat.
Sample 1
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