METHOD AND APPARATUS FOR INSURING AGAINST CROP LOSSES

摘要

A method and apparatus for insuring farm crops against low crop yields includes insuring a farm enterprise gains low crop yields averaged across the farm enterprise. The farm enterprise being insured against a crop yield below a first percentage of historical crop yields for the farm enterprise. The farm enterprise also being insured against a low crop yield for crop units, such as fields, wherein the crop unit is insured against a crop yield below a second percentage of historical crop yields for each insured crop unit. An insured loss occurs if the average yield for the farm is below the first percentage. An insured loss also occurs if the yield of one or more farm units is below the second percentage even if the average yield for the farm is above the first percentage.