The Rainfall Index plan of insurance is a risk management tool to insure against a decline in an index value that is based on the long-term historical average precipitation for the grid and index interval.It is best suited for producers whose production tends to follow the historical average precipitation pattern for the grid.
Does not measure, capture or utilize the actual crop production of any producer or any of the actual crop production within the grid
Utilizes NOAA CPC gridded interpolated precipitation data
The products and product topics summarized in this outline are not all-encompassing and do not substitute for the policy provisions. See the policy provisions and/or contact an agent today for a complete description of available coverages and their terms and conditions.
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