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North Central Oregon | Tell me if I am understanding this correctly.
A: If you elect the county average then the entire county has to fall below .85 of county five year average to activate a payment.
B: If you elect the .65 farm yield then that individual farm has to fall below .65 of farm five year average before you activate a payment.
C: Once activated, the payment is calculated by taking the difference between elected level and actual yield and then multiplied by five year Olympic average price.
D: It is purely a yield loss based program and not a price loss program.
Is this correct? I have been told at least three different ways this will be working. Just wanting to get it figured out myself so I don't pass on bad info.
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New Farm Bill Insurance .65 vs. .85 payment rate
