Current through October 31, 2024
Section 760.633 - 2008 SURE guarantee calculation(a) For a participant who is eligible due to the 2008 buy-in waiver for risk management purchase under the provisions of § 760.105(c) , the SURE guarantee for their farm for the 2008 crop will be calculated according to § 760.631 , or according to § 760.634 for value loss crops, with the exception that the: (1) Price election in § 760.631(a)(1)(i) is 100 percent of the NAP established price for the crop;(2) Coverage level in § 760.631(a)(1)(iv) is 70 percent; and(3) The percent specified in § 760.631(a)(2)(iv) is 70 percent instead of 50 percent; and(4) Coverage level used in § 760.634(a)(1)(ii) is 70 percent; and(5) The percent specified in § 760.634(a)(2)(ii) is 70 percent instead of 50 percent.(b) For those 2008 crops that meet the requirements of §§ 760.104 , 760.105(a) , 760.106 , or 760.107 , the SURE guarantee will be the higher of:(1) The guarantee calculated according to § 760.631 , or according to § 760.634 for value loss crops, with the exception that the percent specified in §§ 760.631(a)(1) and 760.634(a)(1) will be 120 percent instead of 115 percent;(2) The guarantee calculated according to § 760.631 , or according to § 760.634 for value loss crops, will be used with the exception that the: (i) Price election in § 760.631(a)(1)(i) is 100 percent of the NAP established price for the crop; and(ii) Coverage level in §§ 760.631(a)(1)(iv) and 760.634(a)(1)(ii) will be 70 percent; and(iii) The percent specified in §§ 760.631(a)(2)(iv) and 760.634(a)(2)(ii) will be 70 percent instead of 50 percent.