Buy-up coverage is the portion of

crop insurance Crop insurance is purchased by agricultural producers, and subsidized by the federal government, to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines ...

coverage for which a participating farmer in the US pays a premium. During the 2000s, the system offered catastrophic (CAT) crop insurance coverage without any premium payments required of the farmer. Any coverage purchased above the CAT level was referred to as buy-up coverage, and was partially subsidized by the

US federal government The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States, a federal republic located primarily in North America, composed of 50 states, a city within a fed ...

. The

Agricultural Act of 2014 The Agricultural Act of 2014 (; , also known as the 2014 U.S. Farm Bill), formerly the Federal Agriculture Reform and Risk Management Act of 2013, is an act of Congress that authorizes nutrition and agriculture programs in the United States for t ...

adjusted buy-up coverage limits and premium payments, along with buyers' costs, as part of a shift away from direct subsidies.

References

* {{DEFAULTSORT:Buy-Up Coverage Agriculture in the United States