Description
Subsidize gross premium plus fee only if feeEligible; producer payment is full premium+fee minus subsidy.
Agricultural policy budgets distinguish supplied reference prices, eligible bases, marginal rates, match shares, caps and tax assumptions. Arithmetic can reconcile a stated scenario without determining what a real program permits or what anyone is owed. Percentage numbers, fractional rates and currency-per-unit rates must remain distinct.
Subsidize gross premium plus fee only if feeEligible; producer payment is full premium+fee minus subsidy.
When to use this tool
Use Crop Insurance Subsidy Premium Share when checking the stated caller-defined policy budget, payment or valuation convention.
How to use the tool and how it works
- Enter grossPremium, subsidyFraction, fixedFee, feeEligible. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read subsidy, producerPayment. Use the output convention below.
Require nonnegative gross premium/fixed fee and subsidy fraction in [0,1]. Subsidize gross premium plus fee only if feeEligible; producer payment is full premium+fee minus subsidy.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| grossPremium | Gross Premium | Required. Finite number; minimum 0. |
| subsidyFraction | Subsidy Fraction Unit: 1. | Required. Finite number; minimum 0; maximum 1. |
| fixedFee | Fixed Fee | Required. Finite number; minimum 0. |
| feeEligible | True includes fixedFee in the subsidy base; the fee is always included in total gross payment. | Required. Boolean. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| subsidy | Subsidy | Required. Finite number. |
| producerPayment | Producer Payment | Required. Finite number. |
{
"input": {
"grossPremium": 100,
"subsidyFraction": 0.5,
"fixedFee": 20,
"feeEligible": false
},
"output": {
"subsidy": 50,
"producerPayment": 70
}
}Limitations and assumptions
- Fee eligibility and subsidy rate are supplied; actual insurance coverage, approval and rights are not established.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Consult current authoritative program/tax documents and qualified financial/legal professionals for actual eligibility, obligations and entitlements.
References
Similar or alternative tools
- Crop Support Reference Yield Factor
Reference quantity=area*yield*fraction; support multiplies by supportPerUnit.
- Public Food Purchase Quality Premium Term
Return quantity*basePrice plus quantity*eligibleFraction*premiumPerUnit.