Yield-based vs Non-yield based

slocksonslockson
in Chev.Agric

Are the terms Yield-based plans and Non-yield based plans exclusively reserved for AgriInsurance (BRM #1)? Or can these terms be used to describe the other BRM programs as well?

I'm asking because my initial understanding was that Yield based vs Non-yield based are breakdowns of AgriInsurance, but in Spring 2016 Q8(a), AgriStability is classified as a Yield based plans. Are the other BRM programs (Agri Investment, Recovery, Advancement of Capital and Livestock) non-yield based then?

Comments

  • grahamgraham

    I double-checked the source text (available only through the study kit) and the yield-based & non-yield-based plans are discussed only in the context of Agri-Insurance. A strict interpretation of the source text would be that these plans apply only to Agri-Insurance. My guess however is that the graders accepted a broader interpretation than what was specifically stated in the text. (If I had been answering this question, I would have listed "individual" and "collective" as the 2 required examples of yield-based plans for part (a), as in sample answer 1.)

  • slocksonslockson

    Great, thanks Graham!

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