What is the administrative fee for each crop year per county for coverage in excess of CAT protection?

What is the administrative fee for each crop year per county for coverage in excess of CAT protection?

• A. $20
• B. $30
• C. $50
• D. $15

Answer: (B)

The administrative fee for each crop year per county for coverage in excess of Catastrophic (CAT) protection is indeed set at $30. This fee is mandated as part of the Federal Crop Insurance program, which provides a safety net for farmers against production losses. CAT coverage is the most basic level of insurance available and is designed to protect against complete crop failure. When farmers opt for additional coverage beyond CAT, they incur this administrative fee. The $30 fee contributes to the operational costs of maintaining and managing the crop insurance policies, ensuring that farmers have access to the resources and support they need to make informed decisions about their crop insurance options. Understanding this fee is crucial for farmers as they assess their insurance needs and financial planning for crop production.

The administrative fee for each crop year per county for coverage in excess of Catastrophic (CAT) protection is indeed set at $30. This fee is mandated as part of the Federal Crop Insurance program, which provides a safety net for farmers against production losses. CAT coverage is the most basic level of insurance available and is designed to protect against complete crop failure.

When farmers opt for additional coverage beyond CAT, they incur this administrative fee. The $30 fee contributes to the operational costs of maintaining and managing the crop insurance policies, ensuring that farmers have access to the resources and support they need to make informed decisions about their crop insurance options. Understanding this fee is crucial for farmers as they assess their insurance needs and financial planning for crop production.