Honey, Pollen Collection, Beeswax, & Breeding Stock
This USDA backed insurance program uses rainfall and vegetation greenness indices to estimate local rainfall and plant health, allowing beekeepers to purchase insurance protection against production risks. The Rainfall Index and the Vegetation Index are used in the determination of coverage costs and loss payments.
The programs provide a safety net for beekeepers’ primary income sources – honey, pollen collection, wax, and breeding stock. Rainfall Index and Vegetation Index apiculture programs use new technology to assess losses in plant production across diverse plant conditions and environments.
The Rainfall Index – This program’s coverage is based on a geographical 12 x 12 mile (approx.) grid system and 2-month time periods called index intervals. You will select a coverage level (trigger point), protection factor, grid location and at least 2 separate index intervals where you will place the number of colonies that you desire to insure. Your amount of coverage, premium and any possible loss payments will be calculated using National Oceanic and Atmospheric Administration Climate Prediction Center (NOAA-CPC) data for the grid(s) and index intervals you have chosen to insure. When the final grid index falls below your “trigger point,” you will receive a loss payment. This insurance coverage is for the single peril of lack of rainfall. Coverage is based on the experience of the entire grid. It is not based on individual farms, ranches, or specific weather stations in the general area.
The Vegetation Index – This program’s coverage is based on a geographical 4.8 x 4.8 mile (approx.) grid system and 3-month time periods called index intervals. You will select a coverage level (trigger point), protection factor, grid location and at least 1 index interval where you will place the number of colonies that you desire to insure. Your amount of coverage, premium and any possible loss payments will be calculated using data from the U.S. Geological Survey Earth Resources Observation and Science data center called the Normalized Difference Vegetation Index (NDVI). It is a measure of all vegetation in a grid and the healthier the plants in a given grid, the higher the NDVI value will be. Losses for the Vegetation Index are paid based on the difference between the normal NDVI data (expected grid index) and the actual grid index experience during the index interval you have chosen to insure. When the final grid index falls below your “trigger point,” you will receive a loss payment. Coverage is based on losses within the 4.8 x 4.8 mile grid rather than on an individual beekeeper’s losses.
You do not have to insure all your colonies. However, you cannot insure more than the total number of colonies you own. By selecting a coverage level between 70 and 90 percent and a protection factor value between 60 and 150 percent of the county base value, you can customize the amount of protection that is appropriate for your specific operation.
We will gladly walk you through all the decisions and choices you need to make when insuring your operation, including coverage level, index intervals, protection factor, and number of colonies. We will also introduce you to the grid locator, decision tool, map, and historical indices for your area. If you would like to preview these tools, they can be found at: http://maps.agforceusa.com/api/ri and http://api.agforceusa.com/ri.