Noninsured Assistance Program (NAP): Producers who grow a crop that is currently not eligible for crop insurance may be eligible for a direct payment under the Farm Service Agency’s noninsured assistance program (NAP). NAP has permanent authority under the Federal Crop Insurance Reform Act of 1994 and was designed to replace ad-hoc farm disaster legislation that was enacted nearly every year between 1988 and 1993. For a producer of an noninsured crop to become eligible for a payment, area-wide losses for that crop must be at least 35% of normal yields. Once the 35% area-wide threshold is reached, an individual producer must then experience a minimum crop loss of 50%. A noninsured producer then receives a payment comparable to an insured producer under catastrophic crop insurance coverage - 60% of the market price on losses in excess of 50%. A producer of a noninsured crop is subject to a payment limit of $100,000 per person and is ineligible for a payment if the producer’s qualifying gross revenues exceed $2 million.

 

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Noninsured Assistance Program (NAP): Producers who grow a crop that is currently not eligible for crop insurance may be eligible for a direct payment under the Farm Service Agency’s noninsured assistance program (NAP). NAP has . . . View Full Definition

Farm Programs: This term is generally meant to include the commodity programs administered by the Farm Service Agency, as well as the other USDA programs that directly benefit farmers. Some examples of the . . . View Full Definition

Planned Financing Program: Budgeted or projected ways need for reasons or to obtain short-term and long-term financing as outlined in the corporate financial plan.

Program: A plan that outlines the exercises, order and details to be followed in order to progress toward achieving a fitness goal.