A pilot program insures poultry growers against weather-driven utility costs
What the document says“the Corporation shall establish a pilot program under which contract poultry growers, including growers of broilers and laying hens, may elect to receive index-based insurance from extreme weather-related risk resulting in increased utility costs”
The section adds a new subsection (j) to section 523 of the Federal Crop Insurance Act (7 U.S.C. 1523) requiring the Corporation, notwithstanding subsection (a)(2), to set up a pilot program under which contract poultry growers, including growers of broilers and laying hens, may choose index-based insurance against extreme weather-related risk that drives up utility costs, including the costs of natural gas, propane, electricity, water and other appropriate costs as the Corporation determines.
What the document actually says“the Corporation shall establish a pilot program under which contract poultry growers, including growers of broilers and laying hens, may elect to receive index-based insurance from extreme weather-related risk resulting in increased utility costs”
A trial insurance plan must be set up for poultry growers. It covers growers of meat birds and egg birds. It pays out when harsh weather drives up utility bills.
Index-based means the payout follows a measure, not a claim. The costs named include gas, propane, power and water. Growers choose whether to take it.
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