A guide to long-term care insurance

In determining what a normal production level is for an insurable farmer, USDA requires the producer to present actual annual crop yields (usually stated on a bushel-per-acre basis) for the last 4 to 10 years. The simple average of a producer’s annual crop yield over this time period then serves as the producer’s actual production history (APH). If a farmer does not have adequate records, he can be assigned a transition yield (T-yield) for each missing year of data, which is based on average county yields for the crop. The most basic policy is called catastrophic (CAT) coverage. The...
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A guide to long-term care insurance