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Supplemental Coverage Option Now a Part of the Federal Crop Insurance Program

dc.contributor.authorGoeringer, Paul
dc.contributor.authorLeathers, Howard
dc.description.abstractThe 2014 Farm Bill created Supplemental Coverage Option (SCO), a new add-on crop insurance option which provides supplemental coverage on a producer’s underlying crop insurance policy. SCO operates by mimicking a producer’s individual crop insurance coverage and increasing the protection to 86 percent of the producer’s actual production history (APH) yield and price election. An SCO loss payment occurs when the actual current year county yield (or revenue) is less than 86% of expected county yield (or revenue) at the time of planting. SCO became available with the 2015 crop year in select Maryland counties for winter wheat, and all corn and soybean counties except Allegany and Garrett. USDA’s Risk Management Agency (RMA) will begin looking at expanding covered counties and crops covered, and begin distinguishing by practices (such as irrigated compared to non-irrigated).en_US
dc.description.sponsorshipAg and Resource Economics, Maryland Department of Agriculture, University of Maryland Extension, and USDA-Risk Management Agencyen_US
dc.subject2014 Farm Billen_US
dc.subjectSupplemental Coverage Optionen_US
dc.subjectCrop Insuranceen_US
dc.subjectUnited States Department of Agricultureen_US
dc.titleSupplemental Coverage Option Now a Part of the Federal Crop Insurance Programen_US
dc.relation.isAvailableAtCollege of Agriculture & Natural Resources
dc.relation.isAvailableAtDepartment of Agricultural & Resource Economics
dc.relation.isAvailableAtCenter for Agricultural & Natural Resource Policy
dc.relation.isAvailableAtDigital Repository at the University of Maryland
dc.relation.isAvailableAtUniversity of Maryland (College Park, Md)

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