Page 1 of 81
CROP INSURANCE EXAM|QUESTIONS AND
ANSWERS WITH RATIONALE|GRDED
A+|100% CORRECT|2026 UPDATE
1. What does APH stand for in crop insurance?
A) Annual Premium History
B) Actual Production History
C) Adjusted Payment Hierarchy
D) Approved Peril Hierarchy
Answer: B
Rationale: APH is the producer’s historical yield record used to
calculate the insurance guarantee.
2. The Federal Crop Insurance Corporation (FCIC) is overseen by
which agency?
A) USDA-FSA
B) USDA-RMA
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C) USDA-NRCS
D) USDA-AMS
Answer: B
Rationale: The Risk Management Agency (RMA) administers FCIC
programs.
3. Which of the following is NOT an insurable cause of loss under
a standard MPCI policy?
A) Drought
B) Hail
C) Theft after harvest
D) Flood
Answer: C
Rationale: MPCI covers unavoidable natural perils pre-harvest;
theft after harvest is excluded unless specifically endorsed.
4. The insurance guarantee is calculated as:
A) APH yield × Coverage level × Price election
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B) Planted acres × Expected yield
C) Historical loss ratio × Premium
D) Indemnity – Deductible
Answer: A
Rationale: Guarantee = APH yield × coverage level × price
election (for Revenue Protection).
5. True or False: Revenue Protection (RP) covers both yield loss
and price decline.
Answer: True
Rationale: RP provides protection against low yields and/or
falling harvest prices.
6. What is the purpose of the Final Planting Date?
A) Last day to apply for insurance
B) Last day to plant for full guarantee
C) Deadline for premium payment
D) Date when harvest begins
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Answer: B
Rationale: Planting after this date reduces the guarantee unless
late planting provisions apply.
7. A producer has an APH of 150 bu/acre, 75% coverage, and
price election of $5.00. What is the revenue guarantee per
acre?
A) $562.50
B) $750.00
C) $562.50
D) $375.00
Answer: A (150 × 0.75 × 5 = $562.50)
8. Which form is used to report planted acres and share?
A) FSA-578
B) CCC-633
C) RMA-Form 101
D) Schedule of Insurance
CROP INSURANCE EXAM|QUESTIONS AND
ANSWERS WITH RATIONALE|GRDED
A+|100% CORRECT|2026 UPDATE
1. What does APH stand for in crop insurance?
A) Annual Premium History
B) Actual Production History
C) Adjusted Payment Hierarchy
D) Approved Peril Hierarchy
Answer: B
Rationale: APH is the producer’s historical yield record used to
calculate the insurance guarantee.
2. The Federal Crop Insurance Corporation (FCIC) is overseen by
which agency?
A) USDA-FSA
B) USDA-RMA
,Page 2 of 81
C) USDA-NRCS
D) USDA-AMS
Answer: B
Rationale: The Risk Management Agency (RMA) administers FCIC
programs.
3. Which of the following is NOT an insurable cause of loss under
a standard MPCI policy?
A) Drought
B) Hail
C) Theft after harvest
D) Flood
Answer: C
Rationale: MPCI covers unavoidable natural perils pre-harvest;
theft after harvest is excluded unless specifically endorsed.
4. The insurance guarantee is calculated as:
A) APH yield × Coverage level × Price election
,Page 3 of 81
B) Planted acres × Expected yield
C) Historical loss ratio × Premium
D) Indemnity – Deductible
Answer: A
Rationale: Guarantee = APH yield × coverage level × price
election (for Revenue Protection).
5. True or False: Revenue Protection (RP) covers both yield loss
and price decline.
Answer: True
Rationale: RP provides protection against low yields and/or
falling harvest prices.
6. What is the purpose of the Final Planting Date?
A) Last day to apply for insurance
B) Last day to plant for full guarantee
C) Deadline for premium payment
D) Date when harvest begins
, Page 4 of 81
Answer: B
Rationale: Planting after this date reduces the guarantee unless
late planting provisions apply.
7. A producer has an APH of 150 bu/acre, 75% coverage, and
price election of $5.00. What is the revenue guarantee per
acre?
A) $562.50
B) $750.00
C) $562.50
D) $375.00
Answer: A (150 × 0.75 × 5 = $562.50)
8. Which form is used to report planted acres and share?
A) FSA-578
B) CCC-633
C) RMA-Form 101
D) Schedule of Insurance
