PISTACHIO POLICY
INSURABILITY REQUIREMENTS:
o
Pistachios that have
reached their 10th
growing season after
being set out are
insurable.
o
Must have at least four
years of production.
o
Coverage is sold in 2
year modules and must
remain in the program
for at least two
consecutive years.
o
Sales Closing and
Application Deadline is
December 31.
AVAILABLE COUNTIES WITHIN CALIFORNIA:
Alameda
Kings
Santa Barbara
Butte
Madera
Stanislaus
Colusa
Merced
Sutter
Contra Costa
Riverside
Tehama
Fresno
San Bernardino
Tulare
Glenn
San Joaquin
Yolo
Kern
San Luis Obispo
Yuba
PRODUCTION INFORMATION:
Price Election:
$2.50 per pound
CA Brokers License #: 0I80990
*This advertisement provides limited information and the information herein cannot be considered an offer or guarantee of insurance coverage.
Crop Producers Insurance Agency, Inc. is an equal opportunity provider.
ACREAGE REPORTING:
Acreage acquired after coverage begins and before acreage reporting date may be insurable after an inspection
Acreage acquired after acreage reporting date will not be insured.
Acreage relinquished on or before acreage reporting date for the crop year will not have insurance attached or
indemnity due, unless:
1) A Transfer of Right to an indemnity is approved.
2) Underwriting Company has been notified by the acreage reporting date.
CAUSE OF LOSS:
Adverse Weather
Earthquake
Volcanic Eruption
Fire
Insects
Plant Disease
Failure of the Irrigation water supply
Wildlife
Exclusions: Inability to market for other
than physical damage due to insurable
NOTICE OF LOSS REQUIREMENTS FOR THE GROWER:

You must notify us within 72 hours of initial discovery of damage either by phone or in person.

You will receive a confirmation of your notice back from the underwriting company.

In the event of damage or loss you must protect the crop from further damage by providing sufficient care.

You must obtain consent from the underwriting company before and then notify us after you:
1) Put the insured crop to another use
2) Destroy any of the insured crop that is not harvested
3) Put the insured acreage to another use
4) Abandon any portion of the insured crop.
CA Brokers License #: 0I80990
*This advertisement provides limited information and the information herein cannot be considered an offer or guarantee of insurance coverage.
Crop Producers Insurance Agency, Inc. is an equal opportunity provider.
POLICY SCENARIO- LOSS PAYMENT EXAMPLES
Buy Up Example –
• Acres:
100
• APH (Production History)
2400 pounds per acre
• Coverage Level:
70% Buy Up
• Guarantee Per acre:
1680 pounds per acre
• Share:
100%
• Unit Structure:
Basic
• Subsidized premium:
$121.95 (per acre)
100 acres X 1680 guarantee per acre = 168,000 Production Guarantee X $2.50 per gallon price election = $420,000 X 100% share
= $420,000 Total Protection
Harvested Production: 50,000
168,000 production guarantee -(minus) 50,000 harvested production = 118,000 production shortfall X $2.50 per gallon price
election = $295,000 indemnity payment
$95.25 premium per acre X 100 acres = $12,195 (Cost to insured)
CAT Example • Acres:
100
• APH (Production History)
2400 pounds per acre
• Coverage Level:
CAT (50/55)
• Guarantee Per acre:
1200 pounds per acre
• Share:
100%
• Unit Structure:
Basic
• Subsidized premium:
$00.00 (per acre)
• Admin Fee:
$300
100 acres X 1200 guarantee per acre = 120,000 Production Guarantee X $1.38 price election = $165,600 X 100% share = $165,600
Total Protection
Harvested Production: 50,000 Pounds
120,000 production guarantee -(minus) 50,000 harvested production = 70,000 production shortfall X $1.38 price election =
$96,600 indemnity payment
$300 (Cost to insured)
CA Brokers License #: 0I80990
*This advertisement provides limited information and the information herein cannot be considered an offer or guarantee of insurance coverage.
Crop Producers Insurance Agency, Inc. is an equal opportunity provider.