2017 Supplemental Coverage Option Payments
The 2014 Farm Bill authorized the Supplemental Coverage Option (SCO), which could be added to a producer’s crop insurance contract on acres not enrolled in Agricultural Risk Coverage (ARC). SCO takes the underlying coverage of the insurance contract and increases it to 86% of expected revenue (or yield in the case of a YP contract). The county yield is used to determine if a payment is triggered. For more information, visit RMA’s website: https://www.rma.usda.gov/policies/2015/15sco.pdf
As a new Farm Bill is being negotiated, more acres are expected to be changed to Price Loss Coverage (PLC), making SCO available on many more acres across the nation. The maps below (Kansas and National maps) displays what SCO payments would have been on the 2017 crop with an underlying Risk Protection policy at 75% coverage, assuming an APH equivalent to the county expected yield. By hovering your courser over individual counties, you can see Payment Factors and Payments for 70%, 75%, and 80% RP coverage levels. By multiplying the Payment Factor by your own individual APH, the 2017 SCO payment can be determined, had you purchased coverage.
Click "Full Screen" in the lower right to see a larger version of the map. Use the dropdown menu on the right side of the map to select your Crop, Type and Practice. Move your cursor over a county and a pop-up window will appear with more detailed information for the selected county.
A spreadsheet calculator is also available HERE that will directly display payments for corn, soybean, wheat and grain sorghum for all states/counties across the U.S.
With questions, contact Robin Reid, email@example.com, 785-532-0964
Disclaimer: No warranty is given or implied by the author or Kansas State University. RMA will determine all final SCO payments.