What is the administrative fee for CAT protection for each crop insured per county?

The administrative fee for CAT (Catastrophic Risk Protection) coverage for each crop insured per county is set at $300. This fee is part of the streamlined process designed to make basic crop insurance more accessible for farmers, providing these options at a lower cost compared to traditional policies. CAT coverage offers a safety net for producers by ensuring a certain level of protection against potential losses due to adverse conditions, thereby helping them manage risk effectively.

Understanding this fee is important for farmers to budget appropriately for their insurance needs. It helps in making informed decisions about the level of coverage they want to obtain and the financial responsibility associated with it. The specific fee structure reflects the government’s efforts to encourage farmers to insure their crops while managing the overall costs of providing those insurance options.