Crop insurance definition
Examples of Crop insurance in a sentence
Crop insurance, if obtained, is solely the expense of the Operator.
Insurance] [The Producer agrees to purchase, at the Producer’s own cost]/[The Buyer agrees to purchase for the Producer, [at the Buyer’s own cost]/[at the Producer’s cost]], an insurance policy with the following coverage: Crop insurance, if available, against disease, natural disasters such as floods, droughts or hail, and against loss of revenue as a result of a decline in commodity prices.
Crop insurance is becoming increasingly popular with farmers as a risk management tool.1 The Agricultural Risk Protection Act of 2000 (ARPA) is evidence that it also enjoys broad support in Congress.2 ARPA significantly expanded the scope of the crop insurance program.3 It also made participation more attractive and likely by substantially increasing the share of the premiums paid by the government.4 It follows that there now exists an increased opportunity for disputes involving federal crop insurance.
Crop insurance can be very confusing for anyone unfamiliar with its mechanics, owing, at least in part, to the federal government’s involvement in its promotion and delivery.5 That involvement imposes obligations on both the government and the private crop insurance providers.
Crop insurance coverage on leased cropland is the sole choice of Lessee.