Failed acreage refers to tracts of properly-planted and managed
crops that did not grow or were destroyed due to a
natural disaster. In the United States of America, failed acreage is eligible for
indemnification
In contract law, an indemnity is a contractual obligation of one party (the ''indemnitor'') to compensate the loss incurred by another party (the ''indemnitee'') due to the relevant acts of the indemnitor or any other party. The duty to indemni ...
if covered by the
federal crop insurance program
The Federal Crop Insurance Corporation (FCIC) is a wholly owned government corporation managed by the Risk Management Agency of the United States Department of Agriculture. FCIC manages the federal crop insurance program, which provides U.S. farme ...
.
References
*
{{DEFAULTSORT:Failed Acreage
Agriculture in the United States