South Dakota Crop Insurance Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the South Dakota Crop Insurance Exam. Study smart with flashcards and multiple choice questions; all questions feature hints and detailed explanations. Ace your exam effortlessly!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Producers with two years of production records receive what percentage of the T yield?

75%
80%
90%
100%

The correct answer is: 90%

Producers with two years of production records receive 90% of the transitional yield. This is based on crop insurance policies, where transitional yields are designed to provide a safety net for farmers who may not have enough historical production data to establish a reliable actual yield. The transitional yield is determined using a percentage of a benchmark yield, and this percentage increases with the amount of production history reported. In the case of having two years of production records, the rules stipulate that farmers can rely on a significant portion of the T yield, which is set at 90%. This percentage allows producers to have a more stable and reliable safety net when it comes to insuring their crops, reflecting a balance between historical performance and risk management in agriculture.