Source: Monsanto BYE Program Handout June 2008
1. Which states qualify?
The Biotech Yield Endorsement (BYE) is a one-year pilot program for 2008. Iowa, Illinois, Indiana, and Minnesota are the states that currently qualify under the program.
2. What types of insurance policies qualify?
The types of insurance plans that qualify for the BYE program include an Actual Production History, Crop Revenue Coverage, or Revenue Assurance plan. All plans must be for non-irrigated corn produced for grain.
3. How do I sign up?
The BYE premium rate reduction is applied at the unit level. Growers who plant at least 75% of their insured acres within each insured unit to non-irrigated grain qualifying hybrids that contain YieldGardVT Triple and/or YieldGard Plus with Roundup Ready Corn 2 are approved to participate in the Biotech Yield Endorsement. All refuge requirements must be respected to remain fully qualified. Farmers should check with their insurance representatives for details about this program opportunity.
4. Which insurance companies will offer BYE?
All approved insurance providers (AIP), and their representing agents in the pilot states will have the opportunity to offer the BYE program. See your agent for specific availability.
5. When do I sign up?
Speak to your insurance representative regarding information and details related to sign-up and qualifications. The final required paperwork is due at the time you provide your acreage reporting information.
6. Which products are approved for BYE?
All hybrids containing YieldGard Plus with Roundup Ready Corn 2 and/or YieldGardVT Triple technology will qualify. These hybrids are available from your Latham dealer or sales representative. For more info on qualifying Latham Hi-Tech Hybrids, please click here.
7. What do I plant?
To be eligible for the program, you must plant 75% of your insured acres, within each insured unit, to non-irrigated corn for grain with qualifying hybrids that contain YieldGard VT Triple and/or Yield Gard Plus with Roundup Ready Corn 2.
8. Does Herculex/ Herculex XTRA qualify?
At this time, only hybrids containing YieldGard Plus with Roundup Ready Corn 2 and/or Yield Gard VT Triple technology are approved for this program.
9. How much is the discount?
Each case is subject to a number of variables that will be producer specific. The average total cost of a policy premium will be reduced by approximately 14% on the revenue assurance policies, such as APH, CRC and RA. On average, this discount will equate to more then $2 per acre on the grower-paid portion of the premium in the pilot states.
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