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WHIP+… ERP Emergency Relief Program
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SESDFarms
Posted 5/16/2022 22:29 (#9663424 - in reply to #9663403)
Subject: RE: WHIP+… ERP Emergency Relief Program


Yankton County South Dakota
I did find this talking about using the hpo but don’t understand it:



Payment Calculation
ERP Phase 1 payments will be prorated by 75% to ensure adequate funding for all disaster programs. The ERP Phase 1 payment calculation will depend on the type and level of crop insurance coverage obtained by the producer. The table below outlines the factors that will be used to calculate ERP. RMA and FSA will calculate each producer’s loss consistent with the loss procedures for the type of coverage purchased but using the ERP factor in place of the coverage level. The loss procedures will include the use of the Harvest Price Option (HPO). This calculated amount would then be adjusted by subtracting out the net crop insurance indemnity or NAP payment, which is equal to the producer’s gross crop insurance indemnity or NAP payment already received for those losses minus service fees and premiums paid by the producer. (Note: this netting of premium is a big improvement relative to WHIP and WHIP+)
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