Special Small Grain Insurance Policy Details and Premiums
This policy guarantees the difference between the crop sale proceeds and $7.00 per acre for small grain, excluding floods winter kill and fire. The Old Line Company has capital and surplus over $1.75 million and assets over $4.4 million. Premium is 10 percent or 70 cents per acre, covering plowing seeding seed insurance and threshing. The policy insures the farmer’s $7.00 per acre investment, paying the difference if returns fall short, with values per bushel for partial losses.