Countywide Trigger Mechanism Used for Crop Insurance in Hawaii
What happened
A crop insurance specialist discussed additional coverage options designed to protect producers from losses caused by hurricanes and tropical storms. The HIP-WI product, one such option, uses a countywide trigger to assess claims, which is different from traditional claims that assess losses on an individual farm or field. This coverage is available in coastal states, including Hawaii.
From rfdtv.com
Why it matters
The countywide trigger mechanism is relevant when hurricanes affect crops still in the field, such as corn and cotton, or when they damage crops that have not yet been harvested. This coverage provides specific protection against hurricane-related weather events for agricultural producers.
From rfdtv.com
Who's involved
- National Oceanic and Atmospheric AdministrationAgency that monitors and reports on environmental and weather patterns in Hawaii
- HawaiiState where hurricane-related crop insurance coverage is offered
- Maui CountyCounty in Hawaii where the countywide trigger mechanism affects agricultural risk exposure
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Maui CountySpeculative
The countywide trigger mechanism for crop insurance could affect agricultural risk exposure in Maui County.
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The entities involved
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National Oceanic and Atmospheric Administration
agency in the United States Federal Government
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Hawaii
state of the United States of America
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