For pecan acreage to be insured, the trees must be grown in an orchard that is a minimum of one contiguous acre. Insurable trees must have produced a minimum of 600 lbs of in-shell pecans per acre in at least one of the previous four crop years, except that some states may allow a lower minimum production amount for native pecan trees through the special provisions. All pecan acreage (in which there is a share) in the county where insured pecans are grown for harvest must also be insured.
Insurance Period
Pecan insurance is available in only two-year modules. Insured must stay in the program for at least two consecutive years. Coverage begins on 2/1. Policies automatically renew at the end of each two-year coverage module unless the producer notifies the agent in writing of the desire to cancel coverage (by 1/31 cancellation date). Premiums are subsidized by the federal government.
Coverage
Levels: 50 – 85% (in 5% increments)
Premium Subsidy
(For all unit structures)
| 67% | 64% | 59% | 55% | ||
|---|---|---|---|---|---|
| BU & OU | BU & OU | BU & OU | BU & OU | ||
| 50% COVERAGE |
55-60% COVERAGE |
65-70% COVERAGE |
75% COVERAGE |
The information contained in this publication is for general purposes only and shall not modify the terms of any insurance policy. Please refer to policy information found in the actuarials for your commodity/plan type.
