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Buy-up coverage

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Buy-up coverage is the portion of crop insurance coverage for which a participating farmer pays a premium. Current law offers catastrophic (CAT) crop insurance coverage without any premium payments required of the farmer. Any coverage that is purchased above the CAT level is referred to as buy-up coverage, and is partially subsidized by the federal government.

References

This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF). Congressional Research Service.

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