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Individual Coverage |
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Your individual average yield is recalculated every time you grow a crop using 90 per cent of your previous individual average yield and 10 per cent of your most recent annual yield. There is a one-year lag in this calculation.
If you do not grow a crop for one or more years, your previously established individual experience
will be compared to the area to establish your current yields.
If you are a new customer or are insuring a crop for the first time, you can provide your own records to establish your individual yield. You also have the option of applying for the Management Experience Transfer index to determine your yields. New customers with no records will establish their yields at the long-term average yield for that area.
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Management Experience Transfer |
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The Management Experience Transfer (MET) index is used to establish a starting yield for a crop where no individual yield was previously established and more accurately reflects the individual customer’s farm management abilities.
Your MET index is greater than 1.0 if your yields are better than the area average; it is less than 1.0 if your yields are lower than the area average.
New customers with no previous yield history start with a MET index of 1.0.
Once your yields are established, they are updated using your individual annual production information as described under Individual Coverage.
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